Sourcenext (TSE:4344) ROCE % : -23.32% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Sourcenext 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. Sourcenext's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.32%.

Sourcenext ROCE % Historical Data

The historical data trend for Sourcenext'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.

Sourcenext ROCE % Chart

Sourcenext Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

9.59

4.33

3.18

-25.94

-20.56

Sourcenext 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															-9.30	-33.90	-28.36	-14.89	-23.32

Sourcenext ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2463.253	/	( ( (19981.406 - 8256.202)	+	(19639.337 - 7404.557) )	/ 2 )
	=	-2463.253	/	( (11725.204	+	12234.78)	/ 2 )
	=	-2463.253	/	11979.992
	=	-20.56 %

Sourcenext'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 )
	=	-2433.044	/	( ( (18344.09 - 7699.075)	+	(17380.485 - 7163.203) )	/ 2 )
	=	-2433.044	/	( ( 10645.015	+	10217.282 )	/ 2 )
	=	-2433.044	/	10431.1485
	=	-23.32 %

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

Sourcenext (TSE:4344) 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.

Sourcenext ROCE % Related Terms

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

Sourcenext (TSE:4344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sourcenext Corp (TSE:4344) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-2 Higashi Shimbashi, Minato-ku, Tokyo, JPN, 105-7133

Website

http://www.sourcenext.com

Sourcenext Corp plans, develops and sells personal computer software. Its software development methods include in-house development, outsourcing development and commercialization of products by acquiring licenses from other companies.

Sourcenext (TSE:4344) Headlines

No Headlines