Japan Exchange Group (TSE:8697) ROCE % : 23.50% (As of Dec. 2023)

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What is Japan Exchange Group 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. Japan Exchange Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.50%.

Japan Exchange Group ROCE % Historical Data

The historical data trend for Japan Exchange Group'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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Japan Exchange Group ROCE % Chart

Japan Exchange Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.13

20.83

21.39

20.55

19.26

Japan Exchange Group 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															19.96	18.65	28.43	21.64	23.50

Japan Exchange Group ROCE % Calculation

Japan Exchange Group'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 )
	=	68303	/	( ( (71463434 - 71108167)	+	(82187392 - 81833258) )	/ 2 )
	=	68303	/	( (355267	+	354134)	/ 2 )
	=	68303	/	354700.5
	=	19.26 %

Japan Exchange Group'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 )
	=	86172	/	( ( (90775523 - 90408056)	+	(82910170 - 82544244) )	/ 2 )
	=	86172	/	( ( 367467	+	365926 )	/ 2 )
	=	86172	/	366696.5
	=	23.50 %

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

Japan Exchange Group (TSE:8697) 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.

Japan Exchange Group ROCE % Related Terms

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Japan Exchange Group (TSE:8697) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Japan Exchange Group Inc (TSE:8697) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OSCUF:USA JPXGY:USA OSK:Germany

Address

2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, JPN, 103-8224

Website

http://www.jpx.co.jp

Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.

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