ibis (TSE:9343) ROCE % : 34.02% (As of Dec. 2023)

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What is ibis 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. ibis's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.02%.

ibis ROCE % Historical Data

The historical data trend for ibis'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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ibis ROCE % Chart

ibis Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-15.83

30.35

52.67

45.14

ibis Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-54.85	68.65	35.34	25.32	34.02

ibis ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	429.833	/	( ( (1289.288 - 756.791)	+	(2109.325 - 737.396) )	/ 2 )
	=	429.833	/	( (532.497	+	1371.929)	/ 2 )
	=	429.833	/	952.213
	=	45.14 %

ibis's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	448.768	/	( ( (1888.904 - 622.559)	+	(2109.325 - 737.396) )	/ 2 )
	=	448.768	/	( ( 1266.345	+	1371.929 )	/ 2 )
	=	448.768	/	1319.137
	=	34.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

ibis (TSE:9343) 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.

ibis ROCE % Related Terms

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ibis (TSE:9343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ibis Inc (TSE:9343) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-17-34 Meieki, Nakamo building 4th Floor/ 7th Floor, Nakamura-ku, Aichi, Nagoya, JPN, 450-0002

Website

https://www.ibis.ne.jp

ibis Inc is engaged in the mobile and solution business. Mobile business includes development and service operation of the mobile painting application ibisPaint and Solutions business includes IT engineer dispatch service and entrusted development services.

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