Caster Co (TSE:9331) ROCE % : -38.70% (As of Aug. 2024)

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What is Caster Co 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. Caster Co's annualized ROCE % for the quarter that ended in Aug. 2024 was -38.70%.

Caster Co ROCE % Historical Data

The historical data trend for Caster Co'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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Caster Co ROCE % Chart

Caster Co Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROCE %

-48.26

-16.79

2.35

-15.14

Caster Co Quarterly Data
	Aug21	Aug22	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial			13.29	-5.04	3.22	-13.60	-38.70

Caster Co ROCE % Calculation

Caster Co's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-175.264	/	( ( (1873.948 - 830.877)	+	(2455.221 - 1183.386) )	/ 2 )
	=	-175.264	/	( (1043.071	+	1271.835)	/ 2 )
	=	-175.264	/	1157.453
	=	-15.14 %

Caster Co's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-504.08	/	( ( (2355.018 - 1021.966)	+	(2455.221 - 1183.386) )	/ 2 )
	=	-504.08	/	( ( 1333.052	+	1271.835 )	/ 2 )
	=	-504.08	/	1302.4435
	=	-38.70 %

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

Caster Co (TSE:9331) 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.

Caster Co ROCE % Related Terms

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Caster Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Caster Co Ltd (TSE:9331) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11365-1 Kanoda, Saito, Miyazaki, JPN, 881-0104

Website

https://caster.co.jp

Caster Co Ltd is engaged in human resource business operation that includes remote assistance. It has a motive to make remote work the norm.

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