Image Magic (TSE:7793) ROCE % : 29.32% (As of Jun. 2024)

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What is Image Magic 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. Image Magic's annualized ROCE % for the quarter that ended in Jun. 2024 was 29.32%.

Image Magic ROCE % Historical Data

The historical data trend for Image Magic'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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Image Magic ROCE % Chart

Image Magic Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

ROCE %

12.01

18.99

24.37

4.99

Image Magic Quarterly Data
	Apr20	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial								2.03	39.08	27.28	2.10	29.32

Image Magic ROCE % Calculation

Image Magic's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	79.164	/	( ( (2355.745 - 736.731)	+	(2335.015 - 782.577) )	/ 2 )
	=	79.164	/	( (1619.014	+	1552.438)	/ 2 )
	=	79.164	/	1585.726
	=	4.99 %

Image Magic's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	551.368	/	( ( (2633.567 - 784.659)	+	(2855.168 - 942.716) )	/ 2 )
	=	551.368	/	( ( 1848.908	+	1912.452 )	/ 2 )
	=	551.368	/	1880.68
	=	29.32 %

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

Image Magic (TSE:7793) 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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Image Magic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Image Magic Inc (TSE:7793) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-11 Koishikawa, Rising Plaza Korakuen 6th Floor, Bunkyo-ku, Tokyo, JPN, 112-0002

Website

https://imagemagic.jp

Image Magic Inc is a solution company, which is engaged in developing various services and solutions related to on-demand printing for original products.

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