Excite Holdings Co (TSE:5571) ROCE % : 15.22% (As of Dec. 2023)

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What is Excite Holdings 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. Excite Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.22%.

Excite Holdings Co ROCE % Historical Data

The historical data trend for Excite Holdings 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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Excite Holdings Co ROCE % Chart

Excite Holdings Co Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

15.27

11.16

20.45

Excite Holdings Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	14.17	8.90	12.23	15.22

Excite Holdings Co ROCE % Calculation

Excite Holdings Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	614.062	/	( ( (4241.007 - 1399.227)	+	(4550.807 - 1388.097) )	/ 2 )
	=	614.062	/	( (2841.78	+	3162.71)	/ 2 )
	=	614.062	/	3002.245
	=	20.45 %

Excite Holdings Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	680.092	/	( ( (5989.842 - 1548.802)	+	(6119.218 - 1624.151) )	/ 2 )
	=	680.092	/	( ( 4441.04	+	4495.067 )	/ 2 )
	=	680.092	/	4468.0535
	=	15.22 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Excite Holdings Co (TSE:5571) 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.

Excite Holdings Co ROCE % Related Terms

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Excite Holdings Co (TSE:5571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Excite Holdings Co Ltd (TSE:5571) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-20-1 Minamiazabu, Daiwa Azabu Terrace 4th Floor, Minato-ku, Tokyo, JPN, 106-0047

Website

https://www.excite-holdings.co.jp

Excite Holdings Co Ltd is engaged in the business management and related operations of group companies, platform business, broadband business, and SaaS/DX Business.

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