TDC Soft (TSE:4687) ROCE % : 18.91% (As of Mar. 2024)

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What is TDC Soft 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. TDC Soft's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.91%.

TDC Soft ROCE % Historical Data

The historical data trend for TDC Soft'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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TDC Soft ROCE % Chart

TDC Soft Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.95

19.60

20.97

23.05

23.75

TDC Soft Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															18.63	27.00	31.66	18.91	23.53

TDC Soft ROCE % Calculation

TDC Soft's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	4257.061	/	( ( (22771.219 - 6045.147)	+	(25505.998 - 6378.496) )	/ 2 )
	=	4257.061	/	( (16726.072	+	19127.502)	/ 2 )
	=	4257.061	/	17926.787
	=	23.75 %

TDC Soft'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 )
	=	3570.092	/	( ( (24066.823 - 5440.55)	+	(25505.998 - 6378.496) )	/ 2 )
	=	3570.092	/	( ( 18626.273	+	19127.502 )	/ 2 )
	=	3570.092	/	18876.8875
	=	18.91 %

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

TDC Soft (TSE:4687) 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.

TDC Soft ROCE % Related Terms

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TDC Soft Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TDC Soft Inc (TSE:4687) » Definitions » ROCE %

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TDCSF:USA

Address

Yoyogi 3-22-7 Shibuya Culture Quint Building, Shibuya-ku, Tokyo, JPN, 151-0051

Website

http://www.tdc.co.jp

TDC Soft Inc is engaged in development, sale, rental, import, and export of computer software. It also provides sales and education training related to information science and information processing systems. The company's products and services include Cloud platform, Amazon web service, HuTaCT, Health management support solution, BP-LINKS, Meeepa, and others.

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