NEC Capital Solutions (TSE:8793) ROCE % : 2.49% (As of Dec. 2023)

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What is NEC Capital Solutions 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. NEC Capital Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.49%.

NEC Capital Solutions ROCE % Historical Data

The historical data trend for NEC Capital Solutions'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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NEC Capital Solutions ROCE % Chart

NEC Capital Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.86

1.76

1.07

2.04

2.28

NEC Capital Solutions 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															2.41	0.56	1.88	0.66	2.49

NEC Capital Solutions ROCE % Calculation

NEC Capital Solutions'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 )
	=	12468	/	( ( (1030617 - 497925)	+	(1055875 - 496394) )	/ 2 )
	=	12468	/	( (532692	+	559481)	/ 2 )
	=	12468	/	546086.5
	=	2.28 %

NEC Capital Solutions'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 )
	=	14960	/	( ( (1053028 - 460733)	+	(1045926 - 434478) )	/ 2 )
	=	14960	/	( ( 592295	+	611448 )	/ 2 )
	=	14960	/	601871.5
	=	2.49 %

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

NEC Capital Solutions (TSE:8793) 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.

NEC Capital Solutions ROCE % Related Terms

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NEC Capital Solutions (TSE:8793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NEC Capital Solutions Ltd (TSE:8793) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29-11 Shiba 5-chome, Minato-ku, Tokyo, JPN

Website

http://www.necap.co.jp

NEC Capital Solutions Ltd is a Japan-based company engaged in the provision of financial services. It operates through four segments. The company's Leasing and installment segment are involved in the purchase and sale of processing equipment, communications equipment, office equipment, and industrial machinery. Its Finance segment consists of factoring and loans and other business. The RISA segment provides investment advice, fund business, and others. Its other business comprises of the sale of secondhand products, as well as the collection of transaction fees.

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