Fines (TSE:5125) ROCE % : 22.85% (As of Jun. 2024)

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What is Fines 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. Fines's annualized ROCE % for the quarter that ended in Jun. 2024 was 22.85%.

Fines ROCE % Historical Data

The historical data trend for Fines'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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Fines ROCE % Chart

Fines Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

34.50

55.41

75.64

57.96

17.98

Fines Quarterly Data
	Jun20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial							40.23	27.80	10.10	11.45	22.85

Fines ROCE % Calculation

Fines's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	338.237	/	( ( (2386.263 - 638.787)	+	(2581.396 - 567.078) )	/ 2 )
	=	338.237	/	( (1747.476	+	2014.318)	/ 2 )
	=	338.237	/	1880.897
	=	17.98 %

Fines'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 )
	=	449.616	/	( ( (2430.609 - 509.949)	+	(2581.396 - 567.078) )	/ 2 )
	=	449.616	/	( ( 1920.66	+	2014.318 )	/ 2 )
	=	449.616	/	1967.489
	=	22.85 %

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

Fines (TSE:5125) 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.

Fines ROCE % Related Terms

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Fines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fines Inc (TSE:5125) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-12-15 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.e-tenki.co.jp

Fines Inc is engaged in the video production, video streaming service (video cloud), consulting service for digital transformation.

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