Porters (TSE:5126) ROCE % : 34.13% (As of Mar. 2024)

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What is Porters 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. Porters's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.13%.

Porters ROCE % Historical Data

The historical data trend for Porters'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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Porters ROCE % Chart

Porters Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

36.51

49.58

50.79

40.63

Porters Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					46.19	54.87	46.21	21.32	34.13

Porters ROCE % Calculation

Porters'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 )
	=	378	/	( ( (1105.721 - 334.164)	+	(1470 - 381) )	/ 2 )
	=	378	/	( (771.557	+	1089)	/ 2 )
	=	378	/	930.2785
	=	40.63 %

Porters'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 )
	=	384	/	( ( (1470 - 381)	+	(1367 - 206) )	/ 2 )
	=	384	/	( ( 1089	+	1161 )	/ 2 )
	=	384	/	1125
	=	34.13 %

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

Porters (TSE:5126) 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.

Porters ROCE % Related Terms

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Porters (TSE:5126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Porters Corp (TSE:5126) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-5-34 Akasaka, Toda Building Aoyama 3rd Floor, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.porters.jp

Porters Corp is engaged in providing cloud services for recruiting industry.

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