Digitalift (TSE:9244) ROCE % : 4.04% (As of Mar. 2024)

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What is Digitalift 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. Digitalift's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.04%.

Digitalift ROCE % Historical Data

The historical data trend for Digitalift'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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Digitalift ROCE % Chart

Digitalift Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

43.66

46.16

47.87

28.12

10.95

Digitalift Quarterly Data
	Sep19	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									16.17	4.03	-2.85	2.12	4.04

Digitalift ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	94.322	/	( ( (1457.808 - 603.679)	+	(1927.1 - 1057.846) )	/ 2 )
	=	94.322	/	( (854.129	+	869.254)	/ 2 )
	=	94.322	/	861.6915
	=	10.95 %

Digitalift'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 )
	=	40.948	/	( ( (1782.174 - 814.752)	+	(2334.794 - 1277.217) )	/ 2 )
	=	40.948	/	( ( 967.422	+	1057.577 )	/ 2 )
	=	40.948	/	1012.4995
	=	4.04 %

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

Digitalift (TSE:9244) 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.

Digitalift ROCE % Related Terms

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Digitalift (TSE:9244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Digitalift Inc (TSE:9244) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-12-24 Nishiazabu, 7th floor, Kowa Nishiazabu Building, Minato-ku, Tokyo, JPN, 106-0031

Website

https://www.digitalift.co.jp

Digitalift Inc is involved in the trading desk business, DMP introduction consulting business, SNS operation business and system planning and consulting business.

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