D I System Co (TSE:4421) ROCE % : 31.93% (As of Mar. 2024)

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What is D I System Co 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. D I System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.93%.

D I System Co ROCE % Historical Data

The historical data trend for D I System Co'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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D I System Co ROCE % Chart

D I System Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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26.41

9.85

17.37

21.37

23.12

D I System Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															39.73	13.70	8.00	25.84	31.93

D I System Co ROCE % Calculation

D I System Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	340.898	/	( ( (2458.657 - 1065.904)	+	(2773.349 - 1216.855) )	/ 2 )
	=	340.898	/	( (1392.753	+	1556.494)	/ 2 )
	=	340.898	/	1474.6235
	=	23.12 %

D I System Co'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 )
	=	507.984	/	( ( (2808.914 - 1255.088)	+	(2844.526 - 1216.437) )	/ 2 )
	=	507.984	/	( ( 1553.826	+	1628.089 )	/ 2 )
	=	507.984	/	1590.9575
	=	31.93 %

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

D I System Co (TSE:4421) 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.

D I System Co ROCE % Related Terms

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D I System Co (TSE:4421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » D I System Co Ltd (TSE:4421) » Definitions » ROCE %

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Address

4-10-1 Nakano, Nakano Central Park East 2nd Floor, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.di-system.co.jp

D I System Co Ltd offers information security consulting services. It offers various solutions including system development, network construction, platform construction, Microsoft solution, enhanced security, and outsourcing services.

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