Cover (TSE:5253) ROCE % : 71.04% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Cover 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. Cover's annualized ROCE % for the quarter that ended in Sep. 2024 was 71.04%.

Cover ROCE % Historical Data

The historical data trend for Cover'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.

* Premium members only.

Cover ROCE % Chart

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

75.33

64.65

64.80

57.82

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial						47.29	72.33	27.59	71.04	294.10

Cover ROCE % Calculation

Cover'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 )
	=	5537	/	( ( (15887 - 8838)	+	(22713 - 10608) )	/ 2 )
	=	5537	/	( (7049	+	12105)	/ 2 )
	=	5537	/	9577
	=	57.82 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	10152	/	( ( (0 - 0)	+	(27417 - 13127) )	/ 1 )
	=	10152	/	( ( 0	+	14290 )	/ 1 )
	=	10152	/	14290
	=	71.04 %

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

Cover (TSE:5253) 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.

Cover ROCE % Related Terms

Thank you for viewing the detailed overview of Cover's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cover Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (TSE:5253) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COVCF:USA

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover Headlines

No Headlines