GMO Financial Gate (TSE:4051) ROCE % : 28.30% (As of Dec. 2023)

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What is GMO Financial Gate 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. GMO Financial Gate's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.30%.

GMO Financial Gate ROCE % Historical Data

The historical data trend for GMO Financial Gate'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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GMO Financial Gate ROCE % Chart

GMO Financial Gate Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.69

11.84

14.56

16.37

19.46

GMO Financial Gate Quarterly Data
	Sep18	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														24.50	27.84	23.17	8.60	28.30

GMO Financial Gate ROCE % Calculation

GMO Financial Gate'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 )
	=	1106.183	/	( ( (6638.014 - 1928.785)	+	(9262.24 - 2604.857) )	/ 2 )
	=	1106.183	/	( (4709.229	+	6657.383)	/ 2 )
	=	1106.183	/	5683.306
	=	19.46 %

GMO Financial Gate'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 )
	=	1944.048	/	( ( (9262.24 - 2604.857)	+	(10376.841 - 3297.503) )	/ 2 )
	=	1944.048	/	( ( 6657.383	+	7079.338 )	/ 2 )
	=	1944.048	/	6868.3605
	=	28.30 %

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

GMO Financial Gate (TSE:4051) 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.

GMO Financial Gate ROCE % Related Terms

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GMO Financial Gate (TSE:4051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GMO Financial Gate Inc (TSE:4051) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Humax Shibuya Building (reception 7th floor), 1-14-6 Dogenzaka, Shibuya-ku, Tokyo, JPN, 14150-0043

Website

https://www.gmo-fg.com

GMO Financial Gate Inc is engaged in providing cashless payment infrastructure such as credit cards, debit cards, and electronic money.

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