Billing System (TSE:3623) ROCE % : 21.50% (As of Mar. 2024)

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What is Billing System 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. Billing System's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.50%.

Billing System ROCE % Historical Data

The historical data trend for Billing System'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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Billing System ROCE % Chart

Billing System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.79

8.80

16.94

21.25

18.14

Billing System 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															16.57	9.50	17.00	30.52	21.50

Billing System ROCE % Calculation

Billing System'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 )
	=	464.668	/	( ( (15161.786 - 12728.816)	+	(21291.573 - 18601.799) )	/ 2 )
	=	464.668	/	( (2432.97	+	2689.774)	/ 2 )
	=	464.668	/	2561.372
	=	18.14 %

Billing System'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 )
	=	579.38	/	( ( (21291.573 - 18601.799)	+	(21399.386 - 18700.629) )	/ 2 )
	=	579.38	/	( ( 2689.774	+	2698.757 )	/ 2 )
	=	579.38	/	2694.2655
	=	21.50 %

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

Billing System (TSE:3623) 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.

Billing System ROCE % Related Terms

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Billing System (TSE:3623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Billing System Corp (TSE:3623) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imperial Hotel Tower 13F 1-1-1, Uchisaiwai, Tokyo, JPN, 100-0011

Website

http://www.billingjapan.co.jp

Billing System Corp is engaged in the provision of business contract services and consulting services. It operates in the following business divisions: The Settlement Support division which includes quick credit, agency payment and payment support services, in support of the streamlining for call-in, payment and cash management businesses through the company's settlement platform, the finance division which includes financing agency business between companies and commercial money lenders and other division is engaged in the provision of environmental business-related services, as well as consulting services.

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