FCE (TSE:9564) ROCE % : 63.10% (As of Mar. 2024)

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What is FCE 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. FCE's annualized ROCE % for the quarter that ended in Mar. 2024 was 63.10%.

FCE ROCE % Historical Data

The historical data trend for FCE'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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FCE ROCE % Chart

FCE Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

17.32

25.12

36.06

31.08

FCE Quarterly Data
	Sep20	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					62.23	34.24	-13.01	33.32	63.10

FCE ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	505.798	/	( ( (2238.914 - 1046.795)	+	(3298.386 - 1236.067) )	/ 2 )
	=	505.798	/	( (1192.119	+	2062.319)	/ 2 )
	=	505.798	/	1627.219
	=	31.08 %

FCE'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 )
	=	1444.728	/	( ( (3008.316 - 843.069)	+	(3378.236 - 964.251) )	/ 2 )
	=	1444.728	/	( ( 2165.247	+	2413.985 )	/ 2 )
	=	1444.728	/	2289.616
	=	63.10 %

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

FCE (TSE:9564) 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.

FCE ROCE % Related Terms

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FCE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » FCE Inc (TSE:9564) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-1 Nishi-Shinjuku, 10F Shinjuku NS Building, Shinjuku-ku, Tokyo, JPN, 163-0810

Website

https://www.fce-hd.co.jp

FCE Inc is engaged in the managing a group of companies that offer services in industries such as education, training, digital transformation, and related operations. It has business segments such as DX Promotion Business, Education and Training Business, and Publishing Business.

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