Global Security Experts (TSE:4417) ROCE % : 41.94% (As of Dec. 2023)

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What is Global Security Experts 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. Global Security Experts's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.94%.

Global Security Experts ROCE % Historical Data

The historical data trend for Global Security Experts'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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Global Security Experts ROCE % Chart

Global Security Experts Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

9.95

26.64

29.00

39.77

Global Security Experts Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							47.87	37.72	38.80	64.54	41.94

Global Security Experts ROCE % Calculation

Global Security Experts's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	738.884	/	( ( (3482.07 - 1694.949)	+	(4124.589 - 2195.721) )	/ 2 )
	=	738.884	/	( (1787.121	+	1928.868)	/ 2 )
	=	738.884	/	1857.9945
	=	39.77 %

Global Security Experts's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1290.172	/	( ( (4340.224 - 2083.916)	+	(6356.32 - 2459.95) )	/ 2 )
	=	1290.172	/	( ( 2256.308	+	3896.37 )	/ 2 )
	=	1290.172	/	3076.339
	=	41.94 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Global Security Experts (TSE:4417) 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.

Global Security Experts ROCE % Related Terms

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Global Security Experts (TSE:4417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Security Experts Inc (TSE:4417) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-15-1 Kaigan, Minato-ku, Tokyo, JPN, 105-0022

Website

https://www.gsx.co.jp

Global Security Experts Inc is engaged in providing security consulting, diagnostic assessment, cybersecurity solution, and comprehensive security educational services.

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