adish Co (TSE:7093) ROCE % : -22.19% (As of Mar. 2024)

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What is adish 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. adish Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -22.19%.

adish Co ROCE % Historical Data

The historical data trend for adish 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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adish Co ROCE % Chart

adish Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.65

1.31

10.55

14.10

-23.27

adish Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-18.98	-16.89	-24.45	-32.08	-22.19

adish Co ROCE % Calculation

adish 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 )
	=	-174.014	/	( ( (1458.958 - 585.01)	+	(1176.948 - 555.111) )	/ 2 )
	=	-174.014	/	( (873.948	+	621.837)	/ 2 )
	=	-174.014	/	747.8925
	=	-23.27 %

adish Co'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 )
	=	-131.276	/	( ( (1176.948 - 555.111)	+	(1116.671 - 555.335) )	/ 2 )
	=	-131.276	/	( ( 621.837	+	561.336 )	/ 2 )
	=	-131.276	/	591.5865
	=	-22.19 %

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

adish Co (TSE:7093) 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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adish Co (TSE:7093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » adish Co Ltd (TSE:7093) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-21-8 Nishi Gotanda, 8th Floor, Hulic Gotanda Yamate Dori Building, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

https://www.adish.co.jp

adish Co Ltd develops business such as social media monitoring, internet bullying countermeasures, social app customer support, development and operation of Chabot, and SNS operations agency in Japan and overseas. The company's solutions include customer support, localization, social media management, and customer activation.

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