Atrae (TSE:6194) ROCE % : 20.09% (As of Mar. 2024)

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What is Atrae 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. Atrae's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.09%.

Atrae ROCE % Historical Data

The historical data trend for Atrae'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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Atrae ROCE % Chart

Atrae Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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17.65

21.23

18.57

10.81

21.49

Atrae Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															31.08	-10.00	17.66	20.09	-

Atrae ROCE % Calculation

Atrae's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	1169.383	/	( ( (7149.65 - 1573.622)	+	(7218.703 - 1909.372) )	/ 2 )
	=	1169.383	/	( (5576.028	+	5309.331)	/ 2 )
	=	1169.383	/	5442.6795
	=	21.49 %

Atrae's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1141.928	/	( ( (7220.825 - 1500.958)	+	(7697.935 - 2052.368) )	/ 2 )
	=	1141.928	/	( ( 5719.867	+	5645.567 )	/ 2 )
	=	1141.928	/	5682.717
	=	20.09 %

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

Atrae (TSE:6194) 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.

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Atrae Business Description

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Address

1-10-4 Mita, 2nd Floor, Azabujuban Nissin Building, Minato-ku, Tokyo, JPN, 108-0073

Website

https://www.atrae.co.jp

Atrae Inc is an IT service provider in Human Resources field. The company mainly offers the contingent fee typed job site which utilizes big data, as well as planning new business. plans, develops, and manages job information Websites in Japan. It operates green-japan.com, a job media of IT/Web trade, which supports the employment of growing companies; yenta.talentbase.io/yenta/, a matching app that connects business professionals utilizing A.I. technology; and wevox.io/product/, a platform for organizational improvement, as well as provides Web services.

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