Innotech (TSE:9880) ROCE % : 6.48% (As of Sep. 2024)

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What is Innotech 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. Innotech's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.48%.

Innotech ROCE % Historical Data

The historical data trend for Innotech'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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Innotech ROCE % Chart

Innotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.61

7.76

9.86

9.47

9.03

Innotech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.29	8.80	6.30	6.48	3.81

Innotech ROCE % Calculation

Innotech's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	2445.345	/	( ( (43629.265 - 17068.453)	+	(47833.701 - 20260.971) )	/ 2 )
	=	2445.345	/	( (26560.812	+	27572.73)	/ 2 )
	=	2445.345	/	27066.771
	=	9.03 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1857.344	/	( ( (0 - 0)	+	(48092.991 - 19413.46) )	/ 1 )
	=	1857.344	/	( ( 0	+	28679.531 )	/ 1 )
	=	1857.344	/	28679.531
	=	6.48 %

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

Innotech (TSE:9880) 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.

Innotech ROCE % Related Terms

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Innotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innotech Corp (TSE:9880) » Definitions » ROCE %

Comparable Companies

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N/A

Address

3-17-6, Shinyokohama Kouhoku-ku, Yokohama-shi, Kanagawa, JPN, 222-8580

Website

http://www.innotech.co.jp

Innotech Corp is engaged in the electronics distribution business segment. The company is involved in various business units that are integrated solution, which sells electronic design automation (EDA) software which assists designing of LSIs and electronic circuit boards; test solution, which provide various test solutions utilized during the semiconductor manufacturing process; intelligent system solution, which sells semiconductor devices, and other devices; advance products, which sell hard disk drives, and other memory products; and design analysis solution, which provide noise analysis service and design assistance tools. The company operates its business in Japan.

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