W Tokyo (TSE:9159) ROCE % : 31.93% (As of Jun. 2023)

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What is W Tokyo 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. W Tokyo's annualized ROCE % for the quarter that ended in Jun. 2023 was 31.93%.

W Tokyo ROCE % Historical Data

The historical data trend for W Tokyo'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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W Tokyo ROCE % Chart

W Tokyo Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-13.27

5.40

31.93

W Tokyo Semi-Annual Data
	Jun21	Jun22	Jun23
ROCE %	-13.27	5.40	31.93

W Tokyo ROCE % Calculation

W Tokyo's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	628.227	/	( ( (2497.565 - 825.563)	+	(3122.572 - 859.724) )	/ 2 )
	=	628.227	/	( (1672.002	+	2262.848)	/ 2 )
	=	628.227	/	1967.425
	=	31.93 %

W Tokyo's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	628.227	/	( ( (2497.565 - 825.563)	+	(3122.572 - 859.724) )	/ 2 )
	=	628.227	/	( ( 1672.002	+	2262.848 )	/ 2 )
	=	628.227	/	1967.425
	=	31.93 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2023) EBIT data.

W Tokyo (TSE:9159) 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.

W Tokyo ROCE % Related Terms

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W Tokyo (TSE:9159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » W Tokyo Inc (TSE:9159) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-28-5 Jingumae, Shibuya-ku, W Building, Tokyo, JPN, 150-0001

Website

https://www.w-tokyo.co.jp

W Tokyo Inc is a branding and content production company that continues to create added value by making use of its unique production know-how, which has grown the Tokyo Girls Collection into Japan's largest platform. The company's services include the TGC production area, Content production and branding area, and Digital advertising area. The company's brands include TOKYO GIRLS COLLECTION, girls walker, VIRTUAL TGC, TGC AUDITION, TGC SCHOOL, TGC Teen, TGC CAMPUS, and others.

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