Chuokeizai-Sha Holdings (TSE:9476) ROCE % : 5.76% (As of Mar. 2024)

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What is Chuokeizai-Sha Holdings 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. Chuokeizai-Sha Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.76%.

Chuokeizai-Sha Holdings ROCE % Historical Data

The historical data trend for Chuokeizai-Sha Holdings'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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Chuokeizai-Sha Holdings ROCE % Chart

Chuokeizai-Sha Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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0.13

4.18

5.24

2.11

-0.42

Chuokeizai-Sha Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.20	4.79	-0.96	5.76	-

Chuokeizai-Sha Holdings ROCE % Calculation

Chuokeizai-Sha Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-21.092	/	( ( (5931.743 - 805.796)	+	(5822.423 - 796.343) )	/ 2 )
	=	-21.092	/	( (5125.947	+	5026.08)	/ 2 )
	=	-21.092	/	5076.0135
	=	-0.42 %

Chuokeizai-Sha Holdings'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 )
	=	294.78	/	( ( (5765.582 - 710.092)	+	(6041.708 - 857.551) )	/ 2 )
	=	294.78	/	( ( 5055.49	+	5184.157 )	/ 2 )
	=	294.78	/	5119.8235
	=	5.76 %

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

Chuokeizai-Sha Holdings (TSE:9476) 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.

Chuokeizai-Sha Holdings ROCE % Related Terms

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Chuokeizai-Sha Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chuokeizai-Sha Holdings Inc (TSE:9476) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1-31-2, Kanda-Jimbocho, Chiyoda-Ku, Tokyo, JPN

Website

http://www.chuokeizai.co.jp

Chuokeizai-Sha Holdings Inc is a Japan-based company engages in publishing books and magazines. Its portfolio comprises of books on subjects such as social science, economics, management, law, accounting, and tax.

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