Alpha Systems (TSE:4719) ROCE % : 10.67% (As of Sep. 2024)

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What is Alpha Systems 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. Alpha Systems's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.67%.

Alpha Systems ROCE % Historical Data

The historical data trend for Alpha Systems'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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Alpha Systems ROCE % Chart

Alpha Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.50

9.14

10.43

10.42

10.31

Alpha Systems Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.05	9.04	8.79	10.67	13.35

Alpha Systems ROCE % Calculation

Alpha Systems'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 )
	=	4348.566	/	( ( (48166.808 - 6966.113)	+	(50807.13 - 7656.214) )	/ 2 )
	=	4348.566	/	( (41200.695	+	43150.916)	/ 2 )
	=	4348.566	/	42175.8055
	=	10.31 %

Alpha Systems's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4649.424	/	( ( (0 - 0)	+	(50573.047 - 7008.598) )	/ 1 )
	=	4649.424	/	( ( 0	+	43564.449 )	/ 1 )
	=	4649.424	/	43564.449
	=	10.67 %

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

Alpha Systems (TSE:4719) 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.

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Alpha Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alpha Systems Inc (TSE:4719) » Definitions » ROCE %

Comparable Companies

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N/A

Address

12th Floor, 2-17-5 Shibuya, Shionogi Shibuya Building, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.alpha.co.jp

Alpha Systems Inc engages in software development for telecommunications systems. The company develops software for backbone communication systems, such as node systems, mobile network systems, and network management systems; open systems, including systems for management of production and distribution, and Intranets for corporate information management; and embedded systems to control electronic devices, including home appliances, office automation equipment, industrial machines, and in-vehicle systems. It also provides system integration, system operation and maintenance, and product sales services.

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