TeamSpirit (TSE:4397) ROCE % : -16.70% (As of Aug. 2024)

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What is TeamSpirit 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. TeamSpirit's annualized ROCE % for the quarter that ended in Aug. 2024 was -16.70%.

TeamSpirit ROCE % Historical Data

The historical data trend for TeamSpirit'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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TeamSpirit ROCE % Chart

TeamSpirit Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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21.05

11.18

-7.59

-15.02

-6.66

TeamSpirit Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															-40.02	-14.05	-9.60	14.06	-16.70

TeamSpirit ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-87.333	/	( ( (3516.737 - 2124.695)	+	(3692.973 - 2463.933) )	/ 2 )
	=	-87.333	/	( (1392.042	+	1229.04)	/ 2 )
	=	-87.333	/	1310.541
	=	-6.66 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-217.736	/	( ( (3727.583 - 2348.823)	+	(3692.973 - 2463.933) )	/ 2 )
	=	-217.736	/	( ( 1378.76	+	1229.04 )	/ 2 )
	=	-217.736	/	1303.9
	=	-16.70 %

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

TeamSpirit (TSE:4397) 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.

TeamSpirit ROCE % Related Terms

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TeamSpirit Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TeamSpirit Inc (TSE:4397) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

2-5-18 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031

Website

https://corp.teamspirit.com

TeamSpirit Inc is a Japanese software company. It is engaged in providing unified enterprise cloud applications for time and attendance and expense management.

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