J Frontier Co (TSE:2934) ROCE % : -8.56% (As of Feb. 2024)

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What is J Frontier 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. J Frontier Co's annualized ROCE % for the quarter that ended in Feb. 2024 was -8.56%.

J Frontier Co ROCE % Historical Data

The historical data trend for J Frontier 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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J Frontier Co ROCE % Chart

J Frontier Co Annual Data

Trend

May19

May20

May21

May22

May23

ROCE %

12.34

14.89

61.96

23.67

-41.36

J Frontier Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										-24.26	-92.52	3.05	-20.47	-8.56

J Frontier Co ROCE % Calculation

J Frontier Co's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-1835.747	/	( ( (6099.295 - 1443.695)	+	(7240.548 - 3019.822) )	/ 2 )
	=	-1835.747	/	( (4655.6	+	4220.726)	/ 2 )
	=	-1835.747	/	4438.163
	=	-41.36 %

J Frontier Co'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 )
	=	-410.016	/	( ( (7359.948 - 2545.296)	+	(8659.929 - 3896.23) )	/ 2 )
	=	-410.016	/	( ( 4814.652	+	4763.699 )	/ 2 )
	=	-410.016	/	4789.1755
	=	-8.56 %

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

J Frontier Co (TSE:2934) 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.

J Frontier Co ROCE % Related Terms

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J Frontier Co (TSE:2934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » J Frontier Co Ltd (TSE:2934) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

R0L:Germany

Address

2-9-9 Shibuya, SANWA Aoyama Building, 8th floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.jfrontier.jp

J Frontier Co Ltd is engaged in the healthcare sales business, medical care sales business and healthcare marketing business.

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