CONEXIO (TSE:9422) ROCE % : 11.69% (As of Dec. 2022)

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What is CONEXIO 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. CONEXIO's annualized ROCE % for the quarter that ended in Dec. 2022 was 11.69%.

CONEXIO ROCE % Historical Data

The historical data trend for CONEXIO'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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CONEXIO ROCE % Chart

CONEXIO Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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23.81

22.40

20.59

19.62

14.33

CONEXIO Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															14.69	17.05	3.34	5.76	11.69

CONEXIO ROCE % Calculation

CONEXIO's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	8373	/	( ( (105315 - 47583)	+	(100965 - 41848) )	/ 2 )
	=	8373	/	( (57732	+	59117)	/ 2 )
	=	8373	/	58424.5
	=	14.33 %

CONEXIO's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	6740	/	( ( (92678 - 34795)	+	(96575 - 39140) )	/ 2 )
	=	6740	/	( ( 57883	+	57435 )	/ 2 )
	=	6740	/	57659
	=	11.69 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

CONEXIO (TSE:9422) 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.

CONEXIO ROCE % Related Terms

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CONEXIO (TSE:9422) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CONEXIO Corp (TSE:9422) » Definitions » ROCE %

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Address

8-17-1 Nishi-Shinjuku, 37th Floor, Sumitomo Realty & Development Shinjuku Grand Tower, Shinjuku-ku, Tokyo, JPN, 160-6137

Website

http://www.conexio.co.jp

CONEXIO Corp is involved in the business of retail of mobile phones and the provision of solution services using smartphones. Its business is divided into the Consumer business and Corporate business segments. The consumer business segment comprises the operation of certified shops and wholesale of mobile phones to electronics retailers. The corporate business segment consists of the arrangement of contracts between corporate customers and telecom carriers, the provision of after sales services, the sales of mobile phones and tablets and also sales of prepaid cards and the internet of things solutions.

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