Bewith (TSE:9216) ROCE % : 27.89% (As of Feb. 2024)

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What is Bewith 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. Bewith's annualized ROCE % for the quarter that ended in Feb. 2024 was 27.89%.

Bewith ROCE % Historical Data

The historical data trend for Bewith'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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Bewith ROCE % Chart

Bewith Annual Data

Trend

May20

May21

May22

May23

ROCE %

43.90

55.38

45.29

29.97

Bewith Quarterly Data
	May20	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial							41.27	37.67	31.79	36.45	27.89

Bewith ROCE % Calculation

Bewith's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	2269.133	/	( ( (10490.692 - 3570.079)	+	(12207.044 - 3983.22) )	/ 2 )
	=	2269.133	/	( (6920.613	+	8223.824)	/ 2 )
	=	2269.133	/	7572.2185
	=	29.97 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	2463.728	/	( ( (12972.736 - 4372.141)	+	(12938.071 - 3872.633) )	/ 2 )
	=	2463.728	/	( ( 8600.595	+	9065.438 )	/ 2 )
	=	2463.728	/	8833.0165
	=	27.89 %

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

Bewith (TSE:9216) 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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Bewith (TSE:9216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bewith Inc (TSE:9216) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-1 Nishi-Shinjuku, Shinjuku Park Tower N Building 32th Floor, Shinjuku-ku, Tokyo, JPN, 163-1032

Website

https://www.bewith.net

Bewith Inc specializes in business process outsourcing and call center services such as business planning, analysis and design, construction, operation, and improvement.

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