Japan Business Systems (TSE:5036) ROCE % : -4.89% (As of Mar. 2024)

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What is Japan Business 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. Japan Business Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.89%.

Japan Business Systems ROCE % Historical Data

The historical data trend for Japan Business 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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Japan Business Systems ROCE % Chart

Japan Business Systems Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

8.08

12.97

19.00

15.10

Japan Business Systems Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						15.80	8.81	20.34	14.56	-4.89

Japan Business Systems ROCE % Calculation

Japan Business Systems's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	4364	/	( ( (38788 - 13400)	+	(49608 - 17185) )	/ 2 )
	=	4364	/	( (25388	+	32423)	/ 2 )
	=	4364	/	28905.5
	=	15.10 %

Japan Business Systems'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 )
	=	-1572	/	( ( (53243 - 20984)	+	(53404 - 21322) )	/ 2 )
	=	-1572	/	( ( 32259	+	32082 )	/ 2 )
	=	-1572	/	32170.5
	=	-4.89 %

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

Japan Business Systems (TSE:5036) 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.

Japan Business Systems ROCE % Related Terms

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Japan Business Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Japan Business Systems Inc (TSE:5036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-1 Toranomon Minato-ku, Toranomon Hills Mori Tower, Tokyo, JPN, 105-6316

Website

https://www.jbs.co.jp

Japan Business Systems Inc is engaged in providing comprehensive IT support from DX strategy formulation to benefit actualization with a focus on Microsoft Cloud Services.

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