Shift (TSE:3697) ROCE % : 33.62% (As of Feb. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Shift 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. Shift's annualized ROCE % for the quarter that ended in Feb. 2024 was 33.62%.

Shift ROCE % Historical Data

The historical data trend for Shift'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.

* Premium members only.

Shift ROCE % Chart

Shift Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

Get a 7-Day Free Trial

20.72

19.70

22.53

27.59

34.07

Shift Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															24.52	41.33	42.34	23.81	33.62

Shift ROCE % Calculation

Shift's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	10172	/	( ( (40230 - 11726)	+	(49530 - 18319) )	/ 2 )
	=	10172	/	( (28504	+	31211)	/ 2 )
	=	10172	/	29857.5
	=	34.07 %

Shift'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 )
	=	11844	/	( ( (53486 - 21264)	+	(62241 - 23995) )	/ 2 )
	=	11844	/	( ( 32222	+	38246 )	/ 2 )
	=	11844	/	35234
	=	33.62 %

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

Shift (TSE:3697) 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.

Shift ROCE % Related Terms

Thank you for viewing the detailed overview of Shift's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shift (TSE:3697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shift Inc (TSE:3697) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7CZ:Germany

Address

MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041

Website

http://www.shiftinc.jp

Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.

Shift (TSE:3697) Headlines

No Headlines