Progrit (TSE:9560) ROCE % : 55.01% (As of Feb. 2024)

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What is Progrit 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. Progrit's annualized ROCE % for the quarter that ended in Feb. 2024 was 55.01%.

Progrit ROCE % Historical Data

The historical data trend for Progrit'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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Progrit ROCE % Chart

Progrit Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

26.49

-29.28

73.33

56.73

Progrit Quarterly Data
	Aug20	Aug21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial					55.36	60.61	20.82	98.72	55.01

Progrit ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	495.23	/	( ( (1509.718 - 957.446)	+	(2628.221 - 1434.458) )	/ 2 )
	=	495.23	/	( (552.272	+	1193.763)	/ 2 )
	=	495.23	/	873.0175
	=	56.73 %

Progrit's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	838.624	/	( ( (2617.573 - 1204.005)	+	(3069.956 - 1434.8) )	/ 2 )
	=	838.624	/	( ( 1413.568	+	1635.156 )	/ 2 )
	=	838.624	/	1524.362
	=	55.01 %

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

Progrit (TSE:9560) 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.

Progrit ROCE % Related Terms

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Progrit (TSE:9560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Progrit Inc (TSE:9560) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10-1 Yurakucho, Kotsu Kaikan Building 5th Floor, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

https://www.progrit.co.jp

Progrit Inc is engaged in the english coaching services and subscription-based English education services.

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