Howtelevision (TSE:7064) ROCE % : 85.65% (As of Jul. 2024)

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What is Howtelevision 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. Howtelevision's annualized ROCE % for the quarter that ended in Jul. 2024 was 85.65%.

Howtelevision ROCE % Historical Data

The historical data trend for Howtelevision'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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Howtelevision ROCE % Chart

Howtelevision Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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25.52

-54.49

11.81

68.82

36.92

Howtelevision Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															85.77	21.66	33.95	-8.16	85.65

Howtelevision ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	407.821	/	( ( (1107.858 - 359.168)	+	(1910.263 - 449.777) )	/ 2 )
	=	407.821	/	( (748.69	+	1460.486)	/ 2 )
	=	407.821	/	1104.588
	=	36.92 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	1295.532	/	( ( (2158.299 - 726.545)	+	(2452.666 - 859.075) )	/ 2 )
	=	1295.532	/	( ( 1431.754	+	1593.591 )	/ 2 )
	=	1295.532	/	1512.6725
	=	85.65 %

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

Howtelevision (TSE:7064) 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.

Howtelevision ROCE % Related Terms

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Howtelevision Business Description

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Address

10-13 TOKYU REIT Shibuya R Building 8th Floor, Shibuya 3-ku Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.howtelevision.co.jp

Howtelevision Inc is a Japanese based company which offers career platform for students. It offers a growth environment through internships and job-hunting activities. It generally provides a wealth of content such as company information, recruitment information such as interns and screenings, community functions where students can communicate, and unique job hunting columns.

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