Secure (TSE:4264) ROCE % : 51.37% (As of Mar. 2024)

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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 Mar. 2024 was 51.37%.

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.

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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	Mar24
ROCE %	Get a 7-Day Free Trial							48.49	14.18	-0.04	-5.50	51.37

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 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 )
	=	1007.8	/	( ( (2749.733 - 1197.959)	+	(4139.363 - 1767.728) )	/ 2 )
	=	1007.8	/	( ( 1551.774	+	2371.635 )	/ 2 )
	=	1007.8	/	1961.7045
	=	51.37 %

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

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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Secure Inc (TSE:4264) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Q58:Germany

Address

2-6-1 Nishishinjuku, 20F Shinjuku-Sumitomo Building, Shinjuku-ku, Tokyo, JPN, 163-0220

Website

https://www.secureinc.co.jp

Secure Inc provides access control and surveillance camera systems for corporate service.

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