Matching Service Japan Co (TSE:6539) ROCE % : 16.81% (As of Dec. 2023)

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What is Matching Service Japan 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. Matching Service Japan Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.81%.

Matching Service Japan Co ROCE % Historical Data

The historical data trend for Matching Service Japan 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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Matching Service Japan Co ROCE % Chart

Matching Service Japan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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25.85

22.79

14.13

16.43

17.80

Matching Service Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.59	16.18	16.22	20.17	16.81

Matching Service Japan Co ROCE % Calculation

Matching Service Japan Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1789.64	/	( ( (10412.92 - 815.969)	+	(11274.846 - 767.329) )	/ 2 )
	=	1789.64	/	( (9596.951	+	10507.517)	/ 2 )
	=	1789.64	/	10052.234
	=	17.80 %

Matching Service Japan Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1703.38	/	( ( (10765.056 - 769.287)	+	(10784.296 - 512.322) )	/ 2 )
	=	1703.38	/	( ( 9995.769	+	10271.974 )	/ 2 )
	=	1703.38	/	10133.8715
	=	16.81 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Matching Service Japan Co (TSE:6539) 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.

Matching Service Japan Co ROCE % Related Terms

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Matching Service Japan Co (TSE:6539) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Matching Service Japan Co Ltd (TSE:6539) » Definitions » ROCE %

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Address

2-10-2 Fujimi Chiyoda-ku, 4th Floor, Iidabashi Grand Bloom, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

http://www.company.jmsc.co.jp

Matching Service Japan Co Ltd operates as a recruitment agency. The company offers recruitment services in accounting, finance, general affairs, human resources, legal, and public affairs industries. The Personnel Introduction Business division handles recruitment services. The Other Incidental Business division includes temporary staffing, M&A intermediate service, accounting and law firms search site, and operation of other recruitment sites such as KAIKEI FAN and LEGAL NET.

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