D Plus Co (TSE:567A) ROC %: 4.69% (As of Nov. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:567A D Plus Co Ltd TSE:567A
2 GF Score
Price 円3,000.00
! 2 Warning Signs
View Full Analysis

What is D Plus Co ROC %?

D Plus Co TSE:567A 2 ROC % is 4.69% as of Nov. 2025. GuruFocus rates TSE:567A with a GF Score™ of 2/100. The stock has 2 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. D Plus Co's annualized return on capital (ROC %) for the quarter that ended in Nov. 2025 was 4.69%.

As of today (2026-07-21), D Plus Co's WACC % is 5.34%. D Plus Co's ROC % is 4.69% (calculated using TTM income statement data). D Plus Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


D Plus Co  (TSE:567A) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, D Plus Co's WACC % is 5.34%. D Plus Co's ROC % is 4.69% (calculated using TTM income statement data). D Plus Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


D Plus Co ROC % Related Terms


D Plus Co ROC % Historical Data

* Premium members only.

The historical data trend for D Plus Co's ROC % 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.

D Plus Co ROC % Chart

D Plus Co Annual Data
Trend Nov24 Nov25
ROC %
-0.57 4.69

D Plus Co Semi-Annual Data
Nov24 Nov25
ROC % -0.57 4.69
TSE:567A
2GF Score
D Plus Co Ltd TSE:567A
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D Plus Co ROC % Calculation

D Plus Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Nov. 2025 is calculated as:

ROC % (A: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Nov. 2024 ) + Invested Capital (A: Nov. 2025 ))/ count )
=186.007 * ( 1 - 37.56% )/( (2366.344 + 2587.034)/ 2 )
=116.1427708/2476.689
=4.69 %

where

Invested Capital(A: Nov. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2654.448 - 366.817 - ( 197.569 - max(0, 1702.765 - 1624.052+197.569))
=2366.344

Invested Capital(A: Nov. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3245.836 - 444.068 - ( 485.716 - max(0, 1855.337 - 2070.071+485.716))
=2587.034

D Plus Co's annualized Return on Capital (ROC %) for the quarter that ended in Nov. 2025 is calculated as:

ROC % (Q: Nov. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2024 ) + Invested Capital (Q: Nov. 2025 ))/ count )
=186.007 * ( 1 - 37.56% )/( (2366.344 + 2587.034)/ 2 )
=116.1427708/2476.689
=4.69 %

where

Invested Capital(Q: Nov. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2654.448 - 366.817 - ( 197.569 - max(0, 1702.765 - 1624.052+197.569))
=2366.344

Invested Capital(Q: Nov. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3245.836 - 444.068 - ( 485.716 - max(0, 1855.337 - 2070.071+485.716))
=2587.034

Note: The Operating Income data used here is one times the annual (Nov. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 4.69% mean?
D Plus Co (TSE:567A) has a ROC % of 4.69% as of Nov. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on D Plus Co and its competitors.
Is D Plus Co's ROC % too high?
D Plus Co's current ROC % is 4.69%. The Vehicles & Parts industry median ROC % is 5.09. D Plus Co's value of 4.69% is 7.9% below this industry median. Overall, D Plus Co has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does D Plus Co's ROC % compare to CVNA and PAG?
D Plus Co's ROC % of 4.69% can be compared against companies in the Vehicles & Parts industry. The industry median ROC % is 5.09. D Plus Co's value of 4.69% is 7.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Vehicles & Parts company?
The median ROC % among Vehicles & Parts companies is 5.09, based on 1,311 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. D Plus Co's current ROC % of 4.69% is 7.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on D Plus Co and its competitors. For the Vehicles & Parts industry, the median ROC % is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D Plus Co's current ROC % is 4.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D Plus Co stock overvalued right now?
D Plus Co (TSE:567A) has a current ROC % of 4.69%. The current ROC % is 4.69% and 7.9% below the Vehicles & Parts industry median of 5.09. D Plus Co's overall GF Score™ is 2/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For D Plus Co (TSE:567A), the current ROC % is 4.69% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

D Plus Co Business Description

Address 5-13-21 Sakae, 4th Floor Panekyo Nagoya Center Building, Naka-ku, Aichi, Nagoya, JPN, 460-0008
D Plus Co Ltd provides car leasing sales and related services, along with vehicle maintenance, repair, and trade-in services.
2GF Score

Get the complete analysis for TSE:567A

ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,000.00
Price