Daily Journal (Daily Journal) ROCE %

: 21.26% (As of Dec. 2023)

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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. Daily Journal's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.26%.

Daily Journal ROCE % Historical Data

The historical data trend for Daily Journal'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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Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-13.77

2.29

54.86

-32.00

10.84

Daily Journal 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															33.04	17.84	1.91	-10.33	21.26

Daily Journal ROCE % Calculation

Daily Journal's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	32.434	/	( ( (319.111 - 33.619)	+	(354.86 - 42.198) )	/ 2 )
	=	32.434	/	( (285.492	+	312.662)	/ 2 )
	=	32.434	/	299.077
	=	10.84 %

Daily Journal'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 )
	=	67.528	/	( ( (354.86 - 42.198)	+	(357.363 - 34.709) )	/ 2 )
	=	67.528	/	( ( 312.662	+	322.654 )	/ 2 )
	=	67.528	/	317.658
	=	21.26 %

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

Daily Journal (NAS:DJCO) 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.

Daily Journal ROCE % Related Terms

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Daily Journal (Daily Journal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daily Journal Corp (NAS:DJCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DJ1:Germany

Address

915 East First Street, Los Angeles, CA, USA, 90012

Website

https://www.dailyjournal.com

Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Executives

Gerald L Salzman	director, officer: Chief Executive Officer	C/O DAILY JOURNAL, 915 E. FIRST STREET, LOS ANGELES CA 90012
Guerin John Patrick Et Al	director, 10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071-1560
Mary Conlin	director	P.O. BOX 1516, PACIFIC PALISADES CA 90272
Charles T Munger	director, 10 percent owner, officer: Chairman	355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071
Munger, Marshall & Co., A California Limited Partnership	10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071