Netstars Co (TSE:5590) ROCE % : -5.81% (As of Jun. 2024)

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What is Netstars 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. Netstars Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -5.81%.

Netstars Co ROCE % Historical Data

The historical data trend for Netstars 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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Netstars Co ROCE % Chart

Netstars Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-14.46

-8.24

-4.75

Netstars Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	-0.84	-9.14	-9.06	-5.81

Netstars Co ROCE % Calculation

Netstars Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-321.685	/	( ( (21578.918 - 15115.952)	+	(28355.658 - 21288.182) )	/ 2 )
	=	-321.685	/	( (6462.966	+	7067.476)	/ 2 )
	=	-321.685	/	6765.221
	=	-4.75 %

Netstars 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 )
	=	-401.056	/	( ( (30544.429 - 23623.133)	+	(31777.61 - 24887.008) )	/ 2 )
	=	-401.056	/	( ( 6921.296	+	6890.602 )	/ 2 )
	=	-401.056	/	6905.949
	=	-5.81 %

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

Netstars Co (TSE:5590) 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.

Netstars Co ROCE % Related Terms

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Netstars Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netstars Co Ltd (TSE:5590) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-5 Hatchobori, 3rd Floor Sumitomo Fudosan Hatchobori Building, Chuo-ku, Tokyo, JPN, 104-0032

Website

https://www.netstars.co.jp

Netstars Co Ltd is an internet service company. its services are focused on three key areas: StarPay, its multi-cashless payment solution; StarPay-DX, which tackles store operation issues through labor-saving DX; and StarPay Global, which advances the cashless revolution overseas. The company concentrates its efforts on the fintech business, with payment at its foundation.

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