Econavista (TSE:5585) ROCE % : 18.19% (As of Jan. 2024)

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What is Econavista 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. Econavista's annualized ROCE % for the quarter that ended in Jan. 2024 was 18.19%.

Econavista ROCE % Historical Data

The historical data trend for Econavista'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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Econavista ROCE % Chart

Econavista Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

21.32

36.86

19.76

Econavista Quarterly Data
	Oct21	Oct22	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial			-	-	1.27	-5.57	18.19

Econavista ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	385.186	/	( ( (1151.019 - 135.772)	+	(3066.829 - 183.345) )	/ 2 )
	=	385.186	/	( (1015.247	+	2883.484)	/ 2 )
	=	385.186	/	1949.3655
	=	19.76 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	533.452	/	( ( (3066.829 - 183.345)	+	(3119.345 - 138.195) )	/ 2 )
	=	533.452	/	( ( 2883.484	+	2981.15 )	/ 2 )
	=	533.452	/	2932.317
	=	18.19 %

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

Econavista (TSE:5585) 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.

Econavista ROCE % Related Terms

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Econavista (TSE:5585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econavista Inc (TSE:5585) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1 Kioicho, KKD Building 6 Floor, Chiyoda-ku, Tokyo, JPN, 102-0094

Website

https://www.econavista.com

Econavista Inc is engaged in the Development of AI for predicting health status transition through sleep analysis technology and its application to solve social challenges, such as its AI-backed services of Life Rhythm Navi. It automatically records your daily living conditions (life rhythm) and works with specialized medical institutions to visualize the signs of dementia and diseases that are common among the elderly (heat stroke, sleep disorders, etc.). It is a monitoring system to prevent sudden changes in physical conditions and accidents in preventive medicine.

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