Hakuhodo DY Holdings (TSE:2433) ROCE %

: 10.33% (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. Hakuhodo DY Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.33%.

Hakuhodo DY Holdings ROCE % Historical Data

The historical data trend for Hakuhodo DY Holdings'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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Hakuhodo DY Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.47

16.01

10.95

17.79

11.88

Hakuhodo DY Holdings 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															11.31	14.61	5.63	-6.15	10.33

Hakuhodo DY Holdings ROCE % Calculation

Hakuhodo DY Holdings'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 )
	=	59880	/	( ( (1053016 - 505640)	+	(1026415 - 565850) )	/ 2 )
	=	59880	/	( (547376	+	460565)	/ 2 )
	=	59880	/	503970.5
	=	11.88 %

Hakuhodo DY Holdings'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 )
	=	47684	/	( ( (962343 - 505359)	+	(1043526 - 577596) )	/ 2 )
	=	47684	/	( ( 456984	+	465930 )	/ 2 )
	=	47684	/	461457
	=	10.33 %

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

Hakuhodo DY Holdings (TSE:2433) 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.

Hakuhodo DY Holdings ROCE % Related Terms

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Hakuhodo DY Holdings (TSE:2433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hakuhodo DY Holdings Inc (TSE:2433) » Definitions » ROCE %

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Traded in Other Exchanges

HKUOY:USA HKUOF:USA

Address

5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6320

Website

http://www.hakuhodody-holdings.co.jp

Hakuhodo DY Holdings Inc is a Japanese holding company that owns advertising companies, integrated media companies, and creative solutions companies. The company earns most of its revenue from its two largest segments, mass media services and marketing promotion. The mass media segments focus on television, newspaper, and magazine advertising. The company's marketing promotion segment focuses on Internet, creative, and promotional services. While the vast majority of the historical company's revenue was derived from Japan, Hakuhodo is expanding internationally through its over 250 subsidiaries around the world.

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