Lightworks (TSE:4267) ROCE % : 28.15% (As of Jul. 2024)

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What is Lightworks ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Lightworks's annualized ROCE % for the quarter that ended in Jul. 2024 was 28.15%.

Lightworks ROCE % Historical Data

The historical data trend for Lightworks's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lightworks ROCE % Chart

Lightworks Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

-11.20

8.77

47.11

32.90

33.67

Lightworks Quarterly Data
	Jan20	Jan21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial									60.73	17.61	52.99	20.18	28.15

Lightworks ROCE % Calculation

Lightworks's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	313.352	/	( ( (1686.435 - 819.377)	+	(1949.891 - 955.898) )	/ 2 )
	=	313.352	/	( (867.058	+	993.993)	/ 2 )
	=	313.352	/	930.5255
	=	33.67 %

Lightworks's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	236.86	/	( ( (1723.456 - 877.421)	+	(2309.101 - 1472.529) )	/ 2 )
	=	236.86	/	( ( 846.035	+	836.572 )	/ 2 )
	=	236.86	/	841.3035
	=	28.15 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Lightworks (TSE:4267) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Lightworks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lightworks Corp (TSE:4267) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-3-3 Kojimach, Chiyoda-ku, Tokyo, JPN, 102-0083

Website

http://www.lightworks.co.jp

Lightworks Corp is engaged in providing next-generation learning management, human resources development platform and incidental consulting services.

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