Rebase (TSE:5138) ROCE % : 56.19% (As of Dec. 2023)

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What is Rebase 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. Rebase's annualized ROCE % for the quarter that ended in Dec. 2023 was 56.19%.

Rebase ROCE % Historical Data

The historical data trend for Rebase'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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Rebase ROCE % Chart

Rebase Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

31.79

48.91

40.46

Rebase Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			56.41	27.99	32.18	36.40	56.19

Rebase ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	248.599	/	( ( (796.282 - 308.192)	+	(1079.882 - 339.031) )	/ 2 )
	=	248.599	/	( (488.09	+	740.851)	/ 2 )
	=	248.599	/	614.4705
	=	40.46 %

Rebase's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	487.46	/	( ( (1166.334 - 337.747)	+	(1387.422 - 480.904) )	/ 2 )
	=	487.46	/	( ( 828.587	+	906.518 )	/ 2 )
	=	487.46	/	867.5525
	=	56.19 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Rebase (TSE:5138) 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.

Rebase ROCE % Related Terms

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Rebase (TSE:5138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Rebase Inc (TSE:5138) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-26-18 Jingumae, Harajuku Piazza Building 5th Floor, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.rebase.co.jp

Rebase Inc is engaged in the development and operation of the online marketplace instabase, a platform for matching open rooms to users who can rent them either on an hourly or daily basis, as well as other related businesses.

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