Dawn (TSE:2303) ROCE %: 0.00% (As of Nov. 2025)


TSE:2303 Dawn Corp TSE:2303
77 GF Score
Price 円1,221.00
GF Value 円1,395.09
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Dawn ROCE %?

Dawn TSE:2303 -0.57% 77 ROCE % is 0.00% as of Nov. 2025. GuruFocus rates TSE:2303 with a GF Score™ of 77/100 and a GF Value™ of 円1,395.09 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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. Dawn's annualized ROCE % for the quarter that ended in Nov. 2025 was 0.00%.

Dawn  (TSE:2303) 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.

Dawn ROCE % Related Terms

Dawn ROCE % Historical Data

* Premium members only.

The historical data trend for Dawn'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.

Dawn ROCE % Chart

Dawn Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.68 19.53 19.81 22.07 21.55

Dawn Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Nov25 Feb26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.60 0.00 0.00 0.00 28.19
TSE:2303
77GF Score
Dawn Corp TSE:2303
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dawn ROCE % Calculation

Dawn's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=574.137/( ( (2815.51 - 283.535) + (3074.425 - 277.757) )/ 2 )
=574.137/( (2531.975+2796.668)/ 2 )
=574.137/2664.3215
=21.55 %

Dawn's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: May. 2025 )(Q: Nov. 2025 )
=0/( ( (3074.425 - 277.757) + (3088.678 - 181.625) )/ 2 )
=0/( ( 2796.668 + 2907.053 )/ 2 )
=0/2851.8605
=0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2025) EBIT data.

* 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 ROCE % →
What does a ROCE % of 0.00% mean?
Dawn (TSE:2303) has a ROCE % of 0.00% as of Nov. 2025.
Is Dawn's ROCE % too high?
Dawn's current ROCE % is 0.00%. Overall, Dawn has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dawn's ROCE % compare to CRM and SHOP?
Dawn's ROCE % of 0.00% can be compared against companies in the Software industry. The industry median ROCE % is 5.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Software company?
The median ROCE % among Software companies is 5.18, based on 2,710 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawn's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,395.09, compared to a current price of 円1,221.00 — trading 12.5% below its estimated fair value. The current ROCE % is 0.00%. Dawn's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Dawn (TSE:2303), the current ROCE % is 0.00% 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.

Is Dawn (TSE:2303) Overvalued in 2026?

Based on GuruFocus' analysis, Dawn stock appears to be undervalued. The current stock price of 円1,221.00 is trading 12.5% below its estimated GF Value™ of 円1,395.09. GuruFocus considers Dawn to be Modestly Undervalued.

Key valuation signals for TSE:2303:

  • ROCE %: 0.00%
  • GF Value™: 円1,395.09 vs. price of 円1,221.00 (12.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dawn Business Description

Address 2-2-21 Sannomiya Grand Building 5th floor, Hyogo Prefecture, Kobe, JPN
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
77GF Score

Get the complete analysis for TSE:2303

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

円1,221.00
Price
円1,395.09
GF Value