Nihon Knowledge Co (TSE:5252) ROCE % : -13.71% (As of Jun. 2024)

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What is Nihon Knowledge Co 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. Nihon Knowledge Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.71%.

Nihon Knowledge Co ROCE % Historical Data

The historical data trend for Nihon Knowledge Co'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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Nihon Knowledge Co ROCE % Chart

Nihon Knowledge Co Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

9.11

20.39

21.67

24.32

Nihon Knowledge Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					24.85	38.07	22.65	-13.71	7.21

Nihon Knowledge Co ROCE % Calculation

Nihon Knowledge Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	267.837	/	( ( (1803.672 - 749.662)	+	(2121.973 - 973.239) )	/ 2 )
	=	267.837	/	( (1054.01	+	1148.734)	/ 2 )
	=	267.837	/	1101.372
	=	24.32 %

Nihon Knowledge Co'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 )
	=	-151.396	/	( ( (2121.973 - 973.239)	+	(1922.548 - 862.887) )	/ 2 )
	=	-151.396	/	( ( 1148.734	+	1059.661 )	/ 2 )
	=	-151.396	/	1104.1975
	=	-13.71 %

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

Nihon Knowledge Co (TSE:5252) 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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Nihon Knowledge Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

JS Building 9th Floor, 3-19-5 Kotobuki, Taito-ku, Tokyo, JPN, 111-0042

Website

https://www.know-net.co.jp

Nihon Knowledge Co Ltd is a comprehensive ICT service company that provides quality and test technology, development, and security products with a thorough user orientation. The company's services include verification services, Development services, and consultation services. The verification services include Resolving software verification issues through a track record of numerous projects and accumulation of know-how. The development services include management systems for steel wholesalers and processing industries and others.

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