ValueCommerce Co (TSE:2491) ROCE % : 24.56% (As of Dec. 2023)

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What is ValueCommerce 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. ValueCommerce Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.56%.

ValueCommerce Co ROCE % Historical Data

The historical data trend for ValueCommerce 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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ValueCommerce Co ROCE % Chart

ValueCommerce Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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47.08

46.56

50.15

43.96

24.08

ValueCommerce Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.48	23.03	21.04	24.56	23.33

ValueCommerce Co ROCE % Calculation

ValueCommerce Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5230	/	( ( (28197 - 7308)	+	(28351 - 5802) )	/ 2 )
	=	5230	/	( (20889	+	22549)	/ 2 )
	=	5230	/	21719
	=	24.08 %

ValueCommerce 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 )
	=	5452	/	( ( (27159 - 5309)	+	(28351 - 5802) )	/ 2 )
	=	5452	/	( ( 21850	+	22549 )	/ 2 )
	=	5452	/	22199.5
	=	24.56 %

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

ValueCommerce Co (TSE:2491) 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.

ValueCommerce Co ROCE % Related Terms

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ValueCommerce Co (TSE:2491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ValueCommerce Co Ltd (TSE:2491) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nihonseimei Akasaka Building 5F, 8-1-19 Akasaka, Minato, Tokyo, JPN, 107-0052

Website

http://www.valuecommerce.co.jp

ValueCommerce Co Ltd is a Japan-based information technology company engaged in the provision of internet advertising delivery services. The company's service portfolio comprises affiliate marketing service, StoreMatch service and Store's R8. The affiliate marketing service provides compensation based on the performances of advertising for e-commerce sites. The StoreMatch Service provides pay-per-click internet advertising for stores listing on online shopping malls. The Store's R8 service is a marketing automation system customized for Yahoo! shopping.

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