Vario Secure (TSE:4494) ROCE % : 4.89% (As of Feb. 2024)

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What is Vario Secure 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. Vario Secure's annualized ROCE % for the quarter that ended in Feb. 2024 was 4.89%.

Vario Secure ROCE % Historical Data

The historical data trend for Vario Secure'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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Vario Secure ROCE % Chart

Vario Secure Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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14.10

12.52

13.74

9.93

7.51

Vario Secure Quarterly Data
	Feb18	Feb19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															0.94	8.42	8.47	8.43	4.89

Vario Secure ROCE % Calculation

Vario Secure's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	520.799	/	( ( (7826.19 - 832.674)	+	(7649.933 - 776.41) )	/ 2 )
	=	520.799	/	( (6993.516	+	6873.523)	/ 2 )
	=	520.799	/	6933.5195
	=	7.51 %

Vario Secure's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	337.288	/	( ( (7661.11 - 749.042)	+	(7649.933 - 776.41) )	/ 2 )
	=	337.288	/	( ( 6912.068	+	6873.523 )	/ 2 )
	=	337.288	/	6892.7955
	=	4.89 %

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

Vario Secure (TSE:4494) 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.

Vario Secure ROCE % Related Terms

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Vario Secure (TSE:4494) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vario Secure Inc (TSE:4494) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sumitomo Shoji Nishikicho, Building 1-6 Kandanishikicho Chiyoda-ku, Tokyo, JPN, 101-0054

Website

https://www.variosecure.net

Vario Secure Inc is engaged in providing internet security services which protect network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and unique operation system. The company provides one-stop security services from installation and implementation to operation, monitoring and support to small and medium-sized enterprises which have difficulties in sparing dedicated personnel to IT issues which have been and are becoming sophisticated and complicated day to day.

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