Eyez (TSE:5242) ROCE % : 9.68% (As of Mar. 2024)

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What is Eyez 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. Eyez's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.68%.

Eyez ROCE % Historical Data

The historical data trend for Eyez'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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Eyez ROCE % Chart

Eyez Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

62.96

33.94

32.23

6.71

Eyez Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				43.56	9.02	-9.85	-16.02	9.68

Eyez ROCE % Calculation

Eyez'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 )
	=	43.096	/	( ( (977.508 - 343.962)	+	(926.526 - 276.112) )	/ 2 )
	=	43.096	/	( (633.546	+	650.414)	/ 2 )
	=	43.096	/	641.98
	=	6.71 %

Eyez'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 )
	=	63.532	/	( ( (926.526 - 276.112)	+	(949.646 - 286.822) )	/ 2 )
	=	63.532	/	( ( 650.414	+	662.824 )	/ 2 )
	=	63.532	/	656.619
	=	9.68 %

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

Eyez (TSE:5242) 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.

Eyez ROCE % Related Terms

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Eyez (TSE:5242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eyez Inc (TSE:5242) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-12-22 Shibuya, Shibuya Prestige, 7th Floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.eyez.jp

Eyez Inc is engaged in the matching platform business. It provides services such as advertising industry platform, MEDIA RADAR and word-of-mouth marketing platform.

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