Ymirlink (TSE:4372) ROCE % : 24.20% (As of Mar. 2024)

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What is Ymirlink 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. Ymirlink's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.20%.

Ymirlink ROCE % Historical Data

The historical data trend for Ymirlink'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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Ymirlink ROCE % Chart

Ymirlink Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

25.75

32.26

29.54

28.68

27.49

Ymirlink Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									26.14	26.85	28.74	28.36	24.20

Ymirlink ROCE % Calculation

Ymirlink's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	592.467	/	( ( (2376.33 - 440.185)	+	(2780.705 - 406.616) )	/ 2 )
	=	592.467	/	( (1936.145	+	2374.089)	/ 2 )
	=	592.467	/	2155.117
	=	27.49 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	586.692	/	( ( (2780.705 - 406.616)	+	(2859.761 - 384.346) )	/ 2 )
	=	586.692	/	( ( 2374.089	+	2475.415 )	/ 2 )
	=	586.692	/	2424.752
	=	24.20 %

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

Ymirlink (TSE:4372) 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.

Ymirlink ROCE % Related Terms

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Ymirlink (TSE:4372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ymirlink Inc (TSE:4372) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-1 Yoyogi, Shibuya-ku, 12th Floor, Odakyu Southern Tower, Tokyo, JPN, 151-8583

Website

https://www.ymir.co.jp

Ymirlink Inc provides messaging solutions that enable businesses to communicate effectively, safely and securely using the Internet. The company offers a messaging solution that connects companies, organizations with society, individuals through the messaging platform Cuenote.

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