Axel Mark (TSE:3624) ROCE % : -30.23% (As of Mar. 2024)

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What is Axel Mark 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. Axel Mark's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.23%.

Axel Mark ROCE % Historical Data

The historical data trend for Axel Mark'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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Axel Mark ROCE % Chart

Axel Mark Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-101.93

8.85

0.97

-7.83

-30.01

Axel Mark Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-8.20	-15.40	-6.69	-30.23	-

Axel Mark ROCE % Calculation

Axel Mark's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-305.452	/	( ( (1422.46 - 211.726)	+	(925.053 - 99.801) )	/ 2 )
	=	-305.452	/	( (1210.734	+	825.252)	/ 2 )
	=	-305.452	/	1017.993
	=	-30.01 %

Axel Mark's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-365.748	/	( ( (1450.446 - 200.57)	+	(1335.332 - 165.077) )	/ 2 )
	=	-365.748	/	( ( 1249.876	+	1170.255 )	/ 2 )
	=	-365.748	/	1210.0655
	=	-30.23 %

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

Axel Mark (TSE:3624) 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.

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Axel Mark Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Axel Mark Inc (TSE:3624) » Definitions » ROCE %

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Address

1-32-2 Honcho, Harmony Tower, 17th Floor, Nakano-ku, Tokyo, JPN, 164-0012

Website

http://www.axelmark.co.jp

Axel Mark Inc is a Japan-based company mainly engaged in the planning, production, development, and operation of the online games. It operates in three business divisions including Game business that provides games to consumers through platforms such as App Store, Google Play and others. Advertising business offers advertising network service that sells advertising space in the network to advertisers, and Experience business offers costume production service, online lottery service, celebrity support app, and uniform remake service.

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