GREE (STU:V3U) ROCE % : 6.37% (As of Jun. 2024)

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What is GREE 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. GREE's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.37%.

GREE ROCE % Historical Data

The historical data trend for GREE'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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GREE ROCE % Chart

GREE Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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5.36

10.53

12.24

12.01

6.39

GREE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.11	1.96	11.83	6.37	-5.20

GREE ROCE % Calculation

GREE's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	43.16	/	( ( (814.923 - 133.143)	+	(757.912 - 88.398) )	/ 2 )
	=	43.16	/	( (681.78	+	669.514)	/ 2 )
	=	43.16	/	675.647
	=	6.39 %

GREE's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	43.268	/	( ( (780.527 - 91.11)	+	(757.912 - 88.398) )	/ 2 )
	=	43.268	/	( ( 689.417	+	669.514 )	/ 2 )
	=	43.268	/	679.4655
	=	6.37 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

GREE (STU:V3U) 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.

GREE ROCE % Related Terms

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GREE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GREE Inc (STU:V3U) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3632:Japan V3U:Germany

Address

10-1, Roppongi 6-Chome, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN

Website

http://www.gree.co.jp

GREE Inc is a Japanese internet media company headquartered in Tokyo. Its business is divided into games, media, advertising, and investment. The games division provides games internationally via the App Store and Google Play from the company's studios in Japan and North America. The media segment is engaged in a variety of IT businesses, including services and media. The advertising segment targets mainly the smartphone advertising market. The company has investments in Internet technology services companies in Japan, North America, and Southeast Asia.

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