Meiko Network Japan Co (TSE:4668) ROCE % : 28.57% (As of Feb. 2024)

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What is Meiko Network Japan 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. Meiko Network Japan Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 28.57%.

Meiko Network Japan Co ROCE % Historical Data

The historical data trend for Meiko Network Japan 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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Meiko Network Japan Co ROCE % Chart

Meiko Network Japan Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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12.25

-12.07

16.65

15.94

11.50

Meiko Network Japan Co Quarterly Data
	May19	Aug19	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															34.01	-17.54	24.60	1.74	28.57

Meiko Network Japan Co ROCE % Calculation

Meiko Network Japan Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	1350	/	( ( (15439 - 4019)	+	(15811 - 3759) )	/ 2 )
	=	1350	/	( (11420	+	12052)	/ 2 )
	=	1350	/	11736
	=	11.50 %

Meiko Network Japan Co'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 )
	=	3484	/	( ( (15765 - 3902)	+	(16372 - 3844) )	/ 2 )
	=	3484	/	( ( 11863	+	12528 )	/ 2 )
	=	3484	/	12195.5
	=	28.57 %

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

Meiko Network Japan Co (TSE:4668) 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.

Meiko Network Japan Co ROCE % Related Terms

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Meiko Network Japan Co (TSE:4668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Meiko Network Japan Co Ltd (TSE:4668) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

7-20-1 Nishi-Shinjuku, 29th Floor/30th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Tokyo, JPN, 160-0023

Website

http://www.meikonet.co.jp

Meiko Network Japan Co Ltd provides educational services. The company's business is divided into Meiko Gijuku Business Activities which operates schools for children of all ages from elementary school to university entrance examination. Medical Cram School Business Activities include a school for medicine-related university entrance examination, and Other Business Activities comprises of Soccer schools for preschool children elementary and junior high school students, individual tutoring cram schools, extended-hours cram schools, and others.

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