Care Service Co (TSE:2425) ROCE % : 27.09% (As of Dec. 2023)

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What is Care Service Co 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. Care Service Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.09%.

Care Service Co ROCE % Historical Data

The historical data trend for Care Service Co'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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Care Service Co ROCE % Chart

Care Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.24

15.91

15.49

14.59

20.65

Care Service Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															35.35	16.13	7.04	21.39	27.09

Care Service Co ROCE % Calculation

Care Service Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	507.628	/	( ( (3239.733 - 926.137)	+	(3510.537 - 906.804) )	/ 2 )
	=	507.628	/	( (2313.596	+	2603.733)	/ 2 )
	=	507.628	/	2458.6645
	=	20.65 %

Care Service Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	740.308	/	( ( (3623.467 - 947.154)	+	(3591.105 - 801.724) )	/ 2 )
	=	740.308	/	( ( 2676.313	+	2789.381 )	/ 2 )
	=	740.308	/	2732.847
	=	27.09 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Care Service Co (TSE:2425) 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.

Care Service Co ROCE % Related Terms

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Care Service Co (TSE:2425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Care Service Co Ltd (TSE:2425) » Definitions » ROCE %

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Address

No. 2, Omori Kita 1-chome, Ota Ward, Oimori Miyuki Building, Tokyo, JPN, 143-0016

Website

http://www.care.co.jp

Care Service Co Ltd provides nursing care services to the handicapped and elderly in Tokyo. The Company's services include day-care, 24-hour home-visit care, home-stay care, and bathing services, small-scale multifunctional in-home care, clean service. It also lends and sales assistive welfare equipment.

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