DWANGO Co., (TSE:3715) ROCE % : 13.59% (As of Jun. 2014)

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What is DWANGO Co., 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. DWANGO Co.,'s annualized ROCE % for the quarter that ended in Jun. 2014 was 13.59%.

DWANGO Co., ROCE % Historical Data

The historical data trend for DWANGO Co.,'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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DWANGO Co., ROCE % Chart

DWANGO Co., Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

ROCE %

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-4.80

11.22

7.87

-1.36

10.76

DWANGO Co., Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
ROCE %	Get a 7-Day Free Trial															10.91	2.94	29.31	15.81	13.59

DWANGO Co., ROCE % Calculation

DWANGO Co.,'s annualized ROCE % for the fiscal year that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2013 )		(A: Sep. 2012 )		(A: Sep. 2013 )
	=	2159.683	/	( ( (24653.007 - 6003.466)	+	(28853.586 - 7367.157) )	/ 2 )
	=	2159.683	/	( (18649.541	+	21486.429)	/ 2 )
	=	2159.683	/	20067.985
	=	10.76 %

DWANGO Co.,'s ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2014 )		(Q: Mar. 2014 )		(Q: Jun. 2014 )
	=	3278.688	/	( ( (31586.824 - 8053.185)	+	(32558.859 - 7841.415) )	/ 2 )
	=	3278.688	/	( ( 23533.639	+	24717.444 )	/ 2 )
	=	3278.688	/	24125.5415
	=	13.59 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2014) EBIT data.

DWANGO Co., (TSE:3715) 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.

DWANGO Co., ROCE % Related Terms

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DWANGO Co., (TSE:3715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DWANGO Co., Ltd. (TSE:3715) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://info.dwango.co.jp

DWANGO Co., Ltd. provides Internet content through cellular phones. The Company also plans, develops and manages network entertainment systems.

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