Zoom (TSE:6694) ROCE % : 12.94% (As of Dec. 2023)

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What is Zoom 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. Zoom's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.94%.

Zoom ROCE % Historical Data

The historical data trend for Zoom'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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Zoom ROCE % Chart

Zoom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.93

11.56

18.50

9.79

7.45

Zoom 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															34.83	1.56	9.33	1.07	12.94

Zoom ROCE % Calculation

Zoom'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 )
	=	739.678	/	( ( (13650.031 - 5907.744)	+	(19260.271 - 7143.729) )	/ 2 )
	=	739.678	/	( (7742.287	+	12116.542)	/ 2 )
	=	739.678	/	9929.4145
	=	7.45 %

Zoom'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 )
	=	1571.544	/	( ( (19857.151 - 7684.792)	+	(19260.271 - 7143.729) )	/ 2 )
	=	1571.544	/	( ( 12172.359	+	12116.542 )	/ 2 )
	=	1571.544	/	12144.4505
	=	12.94 %

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

Zoom (TSE:6694) 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.

Zoom ROCE % Related Terms

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Zoom (TSE:6694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zoom Corp (TSE:6694) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4-4-3 Kanda-surugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.zoom.co.jp

Zoom Corp develops and distributes electronic musical devices. It produces recording devices, including a line of portable handy recorders as well as multi-effects processors, effects pedals, drum machines and samplers, mobile device accessory, audio interface, professional field recorder.

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