EM Systems Co (TSE:4820) ROCE % : 14.46% (As of Mar. 2024)

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What is EM Systems 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. EM Systems Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.46%.

EM Systems Co ROCE % Historical Data

The historical data trend for EM Systems 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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EM Systems Co ROCE % Chart

EM Systems Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

ROCE %

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20.44

16.45

11.11

12.91

13.29

EM Systems Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.35	7.83	14.70	11.33	14.46

EM Systems Co ROCE % Calculation

EM Systems Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2793	/	( ( (24809 - 4167)	+	(26349 - 4944) )	/ 2 )
	=	2793	/	( (20642	+	21405)	/ 2 )
	=	2793	/	21023.5
	=	13.29 %

EM Systems Co'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 )
	=	3404	/	( ( (29387 - 5618)	+	(29804 - 6491) )	/ 2 )
	=	3404	/	( ( 23769	+	23313 )	/ 2 )
	=	3404	/	23541
	=	14.46 %

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

EM Systems Co (TSE:4820) 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.

EM Systems Co ROCE % Related Terms

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EM Systems Co (TSE:4820) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EM Systems Co Ltd (TSE:4820) » Definitions » ROCE %

Comparable Companies

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EMO:Germany

Address

Osaka Miyahara 1-chome, sixth No. 1 Shin-Osaka brick building, Yodogawa-ku, Osaka, JPN, 532-0003

Website

http://www.emsystems.co.jp

EM Systems Co Ltd is a Japan-based company. Along with its subsidiaries, the firm is engaged in the development, sales, and maintenance of computer software for medical business. It operates its business in three divisions Dispensing system business develops and sells systems for pharmacies. Medical system business develops and sells medical office processing computer system for medical institutions, mainly clinics, and provides supplementary supply and maintenance service. Other business division develops, sell and maintain maintenance service for medical care nursing collaboration solutions and systems for nursing care service providers.

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