Cinc (TSE:4378) ROCE % : 0.00% (As of Oct. 2024)

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What is Cinc 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. Cinc's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.00%.

Cinc ROCE % Historical Data

The historical data trend for Cinc'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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Cinc ROCE % Chart

Cinc Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROCE %

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4.02

19.92

19.68

1.41

4.27

Cinc Quarterly Data
	Oct19	Oct20	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
ROCE %	Get a 7-Day Free Trial										-3.52	1.78	1.59	7.41	-

Cinc ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	65.42	/	( ( (1840.978 - 319.666)	+	(1910.567 - 368.602) )	/ 2 )
	=	65.42	/	( (1521.312	+	1541.965)	/ 2 )
	=	65.42	/	1531.6385
	=	4.27 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Apr. 2024 )		(Q: Oct. 2024 )
	=	0	/	( ( (1864.024 - 356.894)	+	(1910.567 - 368.602) )	/ 2 )
	=	0	/	( ( 1507.13	+	1541.965 )	/ 2 )
	=	0	/	1524.5475
	=	0.00 %

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

Cinc (TSE:4378) 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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Cinc Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cinc Corp (TSE:4378) » Definitions » ROCE %

Comparable Companies

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Address

1-9-13 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.cinc-j.co.jp

Cinc Corp develop and provide SaaS products using natural language processing technology and artificial intelligence, and provide consulting services based on big data.

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