Ridge-i (TSE:5572) ROCE % : 4.36% (As of Jul. 2024)

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What is Ridge-i 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. Ridge-i's annualized ROCE % for the quarter that ended in Jul. 2024 was 4.36%.

Ridge-i ROCE % Historical Data

The historical data trend for Ridge-i'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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Ridge-i ROCE % Chart

Ridge-i Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

ROCE %

-12.39

4.21

4.13

7.41

Ridge-i Quarterly Data
	Jul21	Jul22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial				-5.56	1.01	8.66	15.86	4.36

Ridge-i ROCE % Calculation

Ridge-i's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	152.739	/	( ( (2062.668 - 73.18)	+	(2358.49 - 222.886) )	/ 2 )
	=	152.739	/	( (1989.488	+	2135.604)	/ 2 )
	=	152.739	/	2062.546
	=	7.41 %

Ridge-i's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	91.852	/	( ( (2163.045 - 86.308)	+	(2358.49 - 222.886) )	/ 2 )
	=	91.852	/	( ( 2076.737	+	2135.604 )	/ 2 )
	=	91.852	/	2106.1705
	=	4.36 %

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

Ridge-i (TSE:5572) 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.

Ridge-i ROCE % Related Terms

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Ridge-i Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ridge-i Inc (TSE:5572) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Otemachi, Otemachi Building 438, Chiyoda-ku,, Tokyo, JPN, 100-0004

Website

https://www.ridge-i.com

Ridge-i Inc is engaged in the consulting and development of AI/deep learning technology; provision of joint ventures, licenses, maintenance models, products developed in-house and provision of AI analysis solutions using satellite data.

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