DreamArts (TSE:4811) ROCE % : 32.38% (As of Jun. 2024)

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What is DreamArts 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. DreamArts's annualized ROCE % for the quarter that ended in Jun. 2024 was 32.38%.

DreamArts ROCE % Historical Data

The historical data trend for DreamArts'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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DreamArts ROCE % Chart

DreamArts Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-2.09

16.02

33.29

DreamArts Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	32.35	15.77	33.31	32.38

DreamArts ROCE % Calculation

DreamArts's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	564.395	/	( ( (2427.833 - 1215.726)	+	(3948.996 - 1770.377) )	/ 2 )
	=	564.395	/	( (1212.107	+	2178.619)	/ 2 )
	=	564.395	/	1695.363
	=	33.29 %

DreamArts's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	696.528	/	( ( (3878.977 - 1642.729)	+	(4929.624 - 2863.013) )	/ 2 )
	=	696.528	/	( ( 2236.248	+	2066.611 )	/ 2 )
	=	696.528	/	2151.4295
	=	32.38 %

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

DreamArts (TSE:4811) 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.

DreamArts ROCE % Related Terms

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DreamArts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DreamArts Corp (TSE:4811) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ebisu Garden Place Tower 29F, 4-20-3 Ebisu, Shibuya-ku, Tokyo, JPN, 150-6029

Website

https://www.dreamarts.co.jp

DreamArts Corp is a company engaged in developing computer system and business software. It also provides SaaS products (such as the no-code development tool (SmartDB) and consulting services for business digitalization focused on the enterprise market. They offer a wide range of cloud services, including ShopRan a cloud service that specializes in communication between distribution and retail headquarters used by more than fifty seven thousand stores nationwide.

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