Abeja (TSE:5574) ROCE % : 15.63% (As of Feb. 2024)

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What is Abeja 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. Abeja's annualized ROCE % for the quarter that ended in Feb. 2024 was 15.63%.

Abeja ROCE % Historical Data

The historical data trend for Abeja'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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Abeja ROCE % Chart

Abeja Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

-16.84

-9.84

14.20

Abeja Quarterly Data
	Aug21	Aug22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial			-	5.42	0.56	6.43	15.63

Abeja ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	380.076	/	( ( (2159.798 - 286.088)	+	(4109.491 - 628.607) )	/ 2 )
	=	380.076	/	( (1873.71	+	3480.884)	/ 2 )
	=	380.076	/	2677.297
	=	14.20 %

Abeja's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	581.216	/	( ( (4000.51 - 386.853)	+	(4459.007 - 634.645) )	/ 2 )
	=	581.216	/	( ( 3613.657	+	3824.362 )	/ 2 )
	=	581.216	/	3719.0095
	=	15.63 %

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

Abeja (TSE:5574) 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.

Abeja ROCE % Related Terms

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Abeja (TSE:5574) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Abeja Inc (TSE:5574) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-14 Mita, Minato-ku, Bizflex Azabujuban, 2nd Floor, Tokyo, JPN, 108-0073

Website

https://www.abejainc.com

Abeja Inc is a platform that integrates state-of-the-art AI technologies including IoT, big data, and deep learning. It provides the processes necessary for DX execution, including data generation, collection, processing, analysis, and AI modeling, and performs continuous and stable operations.

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