Avilen (TSE:5591) ROCE % : 18.88% (As of Jun. 2024)

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What is Avilen 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. Avilen's annualized ROCE % for the quarter that ended in Jun. 2024 was 18.88%.

Avilen ROCE % Historical Data

The historical data trend for Avilen'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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Avilen ROCE % Chart

Avilen Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

67.94

67.25

55.45

Avilen Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	58.08	62.57	40.37	18.88

Avilen ROCE % Calculation

Avilen'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 )
	=	171.931	/	( ( (415.724 - 211.334)	+	(624.954 - 209.249) )	/ 2 )
	=	171.931	/	( (204.39	+	415.705)	/ 2 )
	=	171.931	/	310.0475
	=	55.45 %

Avilen'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 )
	=	84.812	/	( ( (632.264 - 192.946)	+	(637.743 - 178.622) )	/ 2 )
	=	84.812	/	( ( 439.318	+	459.121 )	/ 2 )
	=	84.812	/	449.2195
	=	18.88 %

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

Avilen (TSE:5591) 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.

Avilen ROCE % Related Terms

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Avilen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Avilen Inc (TSE:5591) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3 Nihombashi-bakuro-cho, Akihabara First Square 9th Floor, Chuo-ku, Tokyo, JPN, 103-0002

Website

https://corp.avilen.co.jp

Avilen Inc is engaged in the AI solution business including the provision of AI software and build-up packages. It is also a Provider of artificial intelligence technology services intended to support businesses through development and education.

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