Housei (TSE:5035) ROCE % : -4.10% (As of Jun. 2024)

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What is Housei 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. Housei's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.10%.

Housei ROCE % Historical Data

The historical data trend for Housei'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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Housei ROCE % Chart

Housei Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.96

9.20

6.32

5.92

Housei Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial							1.97	4.84	7.46	4.49	-4.10

Housei ROCE % Calculation

Housei'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 )
	=	209.527	/	( ( (4227.402 - 725.668)	+	(4716.648 - 1135.984) )	/ 2 )
	=	209.527	/	( (3501.734	+	3580.664)	/ 2 )
	=	209.527	/	3541.199
	=	5.92 %

Housei'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 )
	=	-152.4	/	( ( (5344.814 - 1553.635)	+	(5196.706 - 1550.908) )	/ 2 )
	=	-152.4	/	( ( 3791.179	+	3645.798 )	/ 2 )
	=	-152.4	/	3718.4885
	=	-4.10 %

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

Housei (TSE:5035) 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.

Housei ROCE % Related Terms

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Housei Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Housei Inc (TSE:5035) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8 Tsukudo-cho, 9th floor, Kagurazaka AK Building, Shinjuku-ku, Tokyo, JPN, 162-0821

Website

https://www.housei-inc.com

Housei Inc predominantly operates in the information technology sector. The company is engaged in various business activities such as the development, operation, and maintenance of information systems for the media, manufacturing, and finance industries, the provision of in-house developed information systems, software and cloud services (Product Promotion Business), and the sale of Japanese products to Chinese consumers and the provision of cloud services for this purpose (Crossborder E-commerce Business). In addition, the company also provides IT services and IP brokerage in the entertainment industry. Its reportable segments are the Information Systems Business, which derives maximum revenue, and the Cross-border E-commerce business.

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