Bizmates (TSE:9345) ROCE % : 21.65% (As of Mar. 2024)

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What is Bizmates 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. Bizmates's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.65%.

Bizmates ROCE % Historical Data

The historical data trend for Bizmates'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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Bizmates ROCE % Chart

Bizmates Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

37.43

56.05

49.08

28.11

Bizmates Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				19.82	13.63	27.39	32.85	21.65

Bizmates ROCE % Calculation

Bizmates'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 )
	=	317.995	/	( ( (1338.109 - 594.51)	+	(2055.247 - 536.518) )	/ 2 )
	=	317.995	/	( (743.599	+	1518.729)	/ 2 )
	=	317.995	/	1131.164
	=	28.11 %

Bizmates'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 )
	=	336.008	/	( ( (2055.247 - 536.518)	+	(2137.033 - 552.418) )	/ 2 )
	=	336.008	/	( ( 1518.729	+	1584.615 )	/ 2 )
	=	336.008	/	1551.672
	=	21.65 %

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

Bizmates (TSE:9345) 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.

Bizmates ROCE % Related Terms

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Bizmates (TSE:9345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Bizmates Inc (TSE:9345) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-9 Kandasudacho, VORT Akihabara maximum 10th Floor, Chiyoda-ku, Tokyo, JPN, 101-0041

Website

https://www.bizmates.co.jp

Bizmates Inc is a online business communication school focused on helping Japanese professionals with their business English needs.

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