ZETT (TSE:8135) ROCE % : 0.00% (As of Sep. 2024)

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What is ZETT 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. ZETT's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

ZETT ROCE % Historical Data

The historical data trend for ZETT'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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ZETT ROCE % Chart

ZETT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.82

1.28

6.26

8.43

6.60

ZETT Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															11.36	7.07	0.38	7.48	-

ZETT ROCE % Calculation

ZETT'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 )
	=	1022	/	( ( (28863 - 13406)	+	(29539 - 14015) )	/ 2 )
	=	1022	/	( (15457	+	15524)	/ 2 )
	=	1022	/	15490.5
	=	6.60 %

ZETT'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (29539 - 14015)	+	(30707 - 14438) )	/ 2 )
	=	0	/	( ( 15524	+	16269 )	/ 2 )
	=	0	/	15896.5
	=	0.00 %

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

ZETT (TSE:8135) 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.

ZETT ROCE % Related Terms

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ZETT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ZETT Corp (TSE:8135) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

1-2-16 Uragashida, Tennoji Ward, Osaka, JPN, 443 8601

Website

http://zett.jp

ZETT Corp is a Japanese company engaged in the production, sales, import, and export of sporting goods.

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