NTT DOCOMO (LSE:NDCM) ROCE % : 18.97% (As of Sep. 2020)

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What is NTT DOCOMO 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. NTT DOCOMO's annualized ROCE % for the quarter that ended in Sep. 2020 was 18.97%.

NTT DOCOMO ROCE % Historical Data

The historical data trend for NTT DOCOMO'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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NTT DOCOMO ROCE % Chart

NTT DOCOMO Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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12.95

15.91

19.22

17.22

15.18

NTT DOCOMO Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															17.79	16.75	4.92	19.44	18.97

NTT DOCOMO ROCE % Calculation

NTT DOCOMO's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	873545	/	( ( (7340546 - 1626647)	+	(7535925 - 1740153) )	/ 2 )
	=	873545	/	( (5713899	+	5795772)	/ 2 )
	=	873545	/	5754835.5
	=	15.18 %

NTT DOCOMO's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	1141236	/	( ( (7321836 - 1412030)	+	(7630841 - 1507309) )	/ 2 )
	=	1141236	/	( ( 5909806	+	6123532 )	/ 2 )
	=	1141236	/	6016669
	=	18.97 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.

NTT DOCOMO (LSE:NDCM) 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.

NTT DOCOMO ROCE % Related Terms

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NTT DOCOMO (LSE:NDCM) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NTT DOCOMO Inc (LSE:NDCM) » Definitions » ROCE %

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Address

Sanno Park Tower, 11-1, Nagata-cho 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6150

Website

http://www.nttdocomo.co.jp

NTT DoCoMo is Japan's largest wireless telephone operator. It has 78 million subscribers, leading to its market share of approximately 44%. The firm has been a technological leader, introducing wireless Internet access through its i-mode service in 1999, along with the ability to use a handset like a credit card. NTT DoCoMo also owns minority stakes in Philippine Long Distance Telephone, Hutchison Telecom Hong Kong Holdings, and other smaller phone companies. The firm's objective is to have the highest-quality network and customer service in Japan.

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