CRI Middleware Co (TSE:3698) ROCE % : 3.07% (As of Dec. 2023)

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What is CRI Middleware 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. CRI Middleware Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.07%.

CRI Middleware Co ROCE % Historical Data

The historical data trend for CRI Middleware 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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CRI Middleware Co ROCE % Chart

CRI Middleware Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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9.57

11.81

6.31

1.97

7.29

CRI Middleware 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															3.15	12.93	5.59	7.74	3.07

CRI Middleware Co ROCE % Calculation

CRI Middleware Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	344.883	/	( ( (5016.66 - 297.027)	+	(5159.044 - 422.832) )	/ 2 )
	=	344.883	/	( (4719.633	+	4736.212)	/ 2 )
	=	344.883	/	4727.9225
	=	7.29 %

CRI Middleware 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 )
	=	144.184	/	( ( (5159.044 - 422.832)	+	(5037.134 - 365.247) )	/ 2 )
	=	144.184	/	( ( 4736.212	+	4671.887 )	/ 2 )
	=	144.184	/	4704.0495
	=	3.07 %

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

CRI Middleware Co (TSE:3698) 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.

CRI Middleware Co ROCE % Related Terms

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CRI Middleware Co (TSE:3698) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CRI Middleware Co Ltd (TSE:3698) » Definitions » ROCE %

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Address

9th floor, Sumitomo Realty & Development Aoyama communication building, 1-chome 7th No. 7, Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.cri-mw.co.jp

CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.

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