Blue innovation Co (TSE:5597) ROCE % : -44.36% (As of Jun. 2024)

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What is Blue innovation 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. Blue innovation Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -44.36%.

Blue innovation Co ROCE % Historical Data

The historical data trend for Blue innovation 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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Blue innovation Co ROCE % Chart

Blue innovation Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-44.58

-41.48

-26.05

Blue innovation Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	-10.21	-31.56	-44.36

Blue innovation Co ROCE % Calculation

Blue innovation 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 )
	=	-294.839	/	( ( (937.121 - 176.609)	+	(1785.08 - 281.731) )	/ 2 )
	=	-294.839	/	( (760.512	+	1503.349)	/ 2 )
	=	-294.839	/	1131.9305
	=	-26.05 %

Blue innovation 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 )
	=	-580.144	/	( ( (1594.594 - 211.23)	+	(1420.998 - 188.652) )	/ 2 )
	=	-580.144	/	( ( 1383.364	+	1232.346 )	/ 2 )
	=	-580.144	/	1307.855
	=	-44.36 %

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

Blue innovation Co (TSE:5597) 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.

Blue innovation Co ROCE % Related Terms

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Blue innovation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blue innovation Co Ltd (TSE:5597) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-33-10 Hongo, Bunkyo-ku, Tokyo, JPN, 113-0033

Website

https://www.blue-i.co.jp/en

Blue innovation Co Ltd develops and provide solutions (inspection, education, logistics and so on) with Blue innovation's proprietary device integration platform Blue Earth Platform. The platform enables digital transformation and automation of various tasks by remote (BVLOS) automatic control and cooperation of multiple drones, robots and various devices.

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