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Secure (TSE:4264) ROCE % : -5.50% (As of Dec. 2023)


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What is Secure 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. Secure's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.50%.


Secure ROCE % Historical Data

The historical data trend for Secure'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.

Secure ROCE % Chart

Secure Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
4.12 15.74 -16.36 13.23

Secure Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -26.49 48.49 14.18 -0.04 -5.50

Secure ROCE % Calculation

Secure'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 )
=179/( ( (1993 - 838.908) + (2749.733 - 1197.959) )/ 2 )
=179/( (1154.092+1551.774)/ 2 )
=179/1352.933
=13.23 %

Secure'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 )
=-86.816/( ( (3009.879 - 1407.258) + (2749.733 - 1197.959) )/ 2 )
=-86.816/( ( 1602.621 + 1551.774 )/ 2 )
=-86.816/1577.1975
=-5.50 %

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

* 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.


Secure  (TSE:4264) 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.


Secure ROCE % Related Terms

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Secure (TSE:4264) Business Description

Traded in Other Exchanges
Address
2-6-1 Nishishinjuku, 20F Shinjuku-Sumitomo Building, Shinjuku-ku, Tokyo, JPN, 163-0220
Secure Inc provides access control and surveillance camera systems for corporate service.

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