OpenWork (TSE:5139) ROCE % : 26.85% (As of Jun. 2024)

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What is OpenWork 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. OpenWork's annualized ROCE % for the quarter that ended in Jun. 2024 was 26.85%.

OpenWork ROCE % Historical Data

The historical data trend for OpenWork'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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OpenWork ROCE % Chart

OpenWork Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

9.22

12.03

16.35

16.48

OpenWork Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial					18.08	18.07	6.51	4.87	26.85

OpenWork ROCE % Calculation

OpenWork'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 )
	=	856.336	/	( ( (5129.429 - 461.852)	+	(6389.096 - 665.055) )	/ 2 )
	=	856.336	/	( (4667.577	+	5724.041)	/ 2 )
	=	856.336	/	5195.809
	=	16.48 %

OpenWork'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 )
	=	1597.536	/	( ( (6057.622 - 278.352)	+	(6615.165 - 496.803) )	/ 2 )
	=	1597.536	/	( ( 5779.27	+	6118.362 )	/ 2 )
	=	1597.536	/	5948.816
	=	26.85 %

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

OpenWork (TSE:5139) 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.

OpenWork ROCE % Related Terms

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OpenWork Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OpenWork Inc (TSE:5139) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-24-12 Shibuya, 39th floor, Shibuya Scramble Square, Shibuya-ku, Tokyo, JPN, 150-6139

Website

https://www.openwork.co.jp

OpenWork Inc is engaged in the development and management of OpenWork job and recruitment information platform.

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