Pronexus (TSE:7893) ROCE % : 60.19% (As of Jun. 2024)

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What is Pronexus 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. Pronexus's annualized ROCE % for the quarter that ended in Jun. 2024 was 60.19%.

Pronexus ROCE % Historical Data

The historical data trend for Pronexus'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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Pronexus ROCE % Chart

Pronexus Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.23

8.82

8.87

8.05

8.40

Pronexus Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.16	1.75	-8.14	60.19	-

Pronexus ROCE % Calculation

Pronexus's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	2577.356	/	( ( (36918.225 - 6621.617)	+	(38583.977 - 7482.242) )	/ 2 )
	=	2577.356	/	( (30296.608	+	31101.735)	/ 2 )
	=	2577.356	/	30699.1715
	=	8.40 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	18719.36	/	( ( (38583.977 - 7482.242)	+	(0 - 0) )	/ 1 )
	=	18719.36	/	( ( 31101.735	+	0 )	/ 1 )
	=	18719.36	/	31101.735
	=	60.19 %

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

Pronexus (TSE:7893) 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.

Pronexus ROCE % Related Terms

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Pronexus Business Description

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Address

25-7 Toranomon 1-Chome, Minato-ku, Tokyo, JPN, 105-0001

Website

http://www.pronexus.co.jp

Pronexus Inc provides information processing service/character processing, translation services of financial documents, business process outsourcing services, and web planning.

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