Colowide Co (TSE:7616) ROCE % : 1.92% (As of Sep. 2024)

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What is Colowide 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. Colowide Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.92%.

Colowide Co ROCE % Historical Data

The historical data trend for Colowide 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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Colowide Co ROCE % Chart

Colowide Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-2.92

-6.74

3.38

-3.03

5.40

Colowide Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.91	6.79	2.73	6.66	1.92

Colowide Co ROCE % Calculation

Colowide Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	9331	/	( ( (261859 - 86494)	+	(265115 - 94765) )	/ 2 )
	=	9331	/	( (175365	+	170350)	/ 2 )
	=	9331	/	172857.5
	=	5.40 %

Colowide Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3936	/	( ( (0 - 0)	+	(303506 - 98430) )	/ 1 )
	=	3936	/	( ( 0	+	205076 )	/ 1 )
	=	3936	/	205076
	=	1.92 %

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

Colowide Co (TSE:7616) 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.

Colowide Co ROCE % Related Terms

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Colowide Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Colowide Co Ltd (TSE:7616) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-1, Minatomirai, 12th Floor, Landmark Tower, Nishi-ku, Yokohama-shi, Kanagawa-ken, Yokohama, JPN, 220-8112

Website

http://www.colowide.co.jp

Colowide Co Ltd is a Japan-based company which primarily operates restaurant chains. The company is involved in the management and operation of taverns and karaoke pubs, and Japanese and Italian cuisines. The company is mainly engaged in the management of restaurants, stocking and processing sales of various foodstuffs, sales of cigarettes and liquors, management of Karaoke rooms, among others.

Colowide Co Headlines

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