GRCS (TSE:9250) ROCE % : 46.33% (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is GRCS 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. GRCS's annualized ROCE % for the quarter that ended in Feb. 2024 was 46.33%.

GRCS ROCE % Historical Data

The historical data trend for GRCS'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.

* Premium members only.

GRCS ROCE % Chart

GRCS Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

-31.13

10.37

18.03

-21.06

-20.43

GRCS Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-40.36	-15.36	-19.53	2.24	46.33

GRCS ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-165.79	/	( ( (1500.497 - 609.212)	+	(1434.43 - 702.668) )	/ 2 )
	=	-165.79	/	( (891.285	+	731.762)	/ 2 )
	=	-165.79	/	811.5235
	=	-20.43 %

GRCS'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 )
	=	340.548	/	( ( (1434.43 - 702.668)	+	(1725.225 - 986.9) )	/ 2 )
	=	340.548	/	( ( 731.762	+	738.325 )	/ 2 )
	=	340.548	/	735.0435
	=	46.33 %

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

GRCS (TSE:9250) 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.

GRCS ROCE % Related Terms

Thank you for viewing the detailed overview of GRCS's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

GRCS (TSE:9250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GRCS Inc (TSE:9250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, MG Ichigaya Building, 1-9 Gobancho, Chiyoda-ku, Tokyo, JPN

Website

https://www.grcs.co.jp

GRCS Inc provide GRC solutions that visualize the risks surrounding a company and utilize IT to optimize company rules and social rules while utilizing them in management.

GRCS (TSE:9250) Headlines

No Headlines