Note (TSE:5243) ROCE % : 4.84% (As of May. 2024)

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What is Note 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. Note's annualized ROCE % for the quarter that ended in May. 2024 was 4.84%.

Note ROCE % Historical Data

The historical data trend for Note'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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Note ROCE % Chart

Note Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Nov24

ROCE %

-29.78

-45.44

-55.52

-22.74

4.57

Note Quarterly Data
	Nov20	Nov21	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
ROCE %	Get a 7-Day Free Trial						-13.16	-3.44	-1.00	4.84	-

Note ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	76.839	/	( ( (3312.789 - 1670.944)	+	(3769.151 - 2046.987) )	/ 2 )
	=	76.839	/	( (1641.845	+	1722.164)	/ 2 )
	=	76.839	/	1682.0045
	=	4.57 %

Note's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	81.752	/	( ( (3492.912 - 1819.204)	+	(3556.923 - 1854.255) )	/ 2 )
	=	81.752	/	( ( 1673.708	+	1702.668 )	/ 2 )
	=	81.752	/	1688.188
	=	4.84 %

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

Note (TSE:5243) 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.

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Note Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Note Inc (TSE:5243) » Definitions » ROCE %

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Address

3-1-2 Kitaaoyama, Minato-ku, Tokyo, JPN, 107-0061

Website

https://note.jp

Note Inc is engaged in the operation of C2C content platform.

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