Edge Technology (TSE:4268) ROCE % : 27.30% (As of Jan. 2024)

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What is Edge Technology 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. Edge Technology's annualized ROCE % for the quarter that ended in Jan. 2024 was 27.30%.

Edge Technology ROCE % Historical Data

The historical data trend for Edge Technology'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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Edge Technology ROCE % Chart

Edge Technology Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

ROCE %

32.13

18.89

60.98

45.25

Edge Technology Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial							40.60	26.54	16.81	19.42	27.30

Edge Technology ROCE % Calculation

Edge Technology's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	246.578	/	( ( (858.057 - 392.288)	+	(925.897 - 301.747) )	/ 2 )
	=	246.578	/	( (465.769	+	624.15)	/ 2 )
	=	246.578	/	544.9595
	=	45.25 %

Edge Technology's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	184.288	/	( ( (973.114 - 312.238)	+	(976.143 - 286.925) )	/ 2 )
	=	184.288	/	( ( 660.876	+	689.218 )	/ 2 )
	=	184.288	/	675.047
	=	27.30 %

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

Edge Technology (TSE:4268) 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.

Edge Technology ROCE % Related Terms

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Edge Technology (TSE:4268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edge Technology Inc (TSE:4268) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-32-7 Kanda Sudacho, Cress Real Estate Kanda Building 5th Floor, Tokyo, JPN

Website

https://www.edge-tech.co.jp

Edge Technology Inc is engaged in the AI implementation support and big data analysis consulting business.

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