The Why How Do Co (TSE:3823) ROCE %: -42.12% (As of Feb. 2026)


TSE:3823 The Why How Do Co Inc TSE:3823
44 GF Score
Price 円28.00
GF Value 円59.35
Valuation Possible Value Trap
! 4 Warning Signs
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What is The Why How Do Co ROCE %?

The Why How Do Co TSE:3823 -6.67% 44 ROCE % is -42.12% as of Feb. 2026. GuruFocus rates TSE:3823 with a GF Score™ of 44/100 and a GF Value™ of 円59.35 (Possible Value Trap). The stock has 4 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. The Why How Do Co's annualized ROCE % for the quarter that ended in Feb. 2026 was -42.12%.

The Why How Do Co  (TSE:3823) 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.

The Why How Do Co ROCE % Related Terms

The Why How Do Co ROCE % Historical Data

* Premium members only.

The historical data trend for The Why How Do 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.

The Why How Do Co ROCE % Chart

The Why How Do Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -48.70 -29.56 -25.30 -80.19 -0.02

The Why How Do Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 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 -31.94 -118.93 -2.10 1.70 -42.12
TSE:3823
44GF Score
The Why How Do Co Inc TSE:3823
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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The Why How Do Co ROCE % Calculation

The Why How Do Co's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=-0.321/( ( (1534.03 - 250.96) + (2473.149 - 436.396) )/ 2 )
=-0.321/( (1283.07+2036.753)/ 2 )
=-0.321/1659.9115
=-0.02 %

The Why How Do Co's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=-952.08/( ( (2473.149 - 436.396) + (3345.155 - 860.619) )/ 2 )
=-952.08/( ( 2036.753 + 2484.536 )/ 2 )
=-952.08/2260.6445
=-42.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2026) 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 -42.12% mean?
The Why How Do Co (TSE:3823) has a ROCE % of -42.12% as of Feb. 2026.
Is The Why How Do Co's ROCE % too high?
The Why How Do Co's current ROCE % is -42.12%. Overall, The Why How Do Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's ROCE % compare to UBER and SHOP?
The Why How Do Co's ROCE % of -42.12% can be compared against companies in the Software industry. The industry median ROCE % is 5.19. 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 5.19, based on 2,709 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 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Why How Do Co's current ROCE % is -42.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円59.35, compared to a current price of 円28.00 — trading 52.8% below its estimated fair value. The current ROCE % is -42.12%. The Why How Do Co's overall GF Score™ is 44/100 with 4 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 The Why How Do Co (TSE:3823), the current ROCE % is -42.12% as of Feb. 2026. 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 The Why How Do Co (TSE:3823) Overvalued in 2026?

Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued. The current stock price of 円28.00 is trading 52.8% below its estimated GF Value™ of 円59.35. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • ROCE %: -42.12%
  • GF Value™: 円59.35 vs. price of 円28.00 (52.8% below fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The Why How Do Co Business Description

Address 22 Aizumi-cho, Daisan Yamada Building, Shinjuku-ku, Tokyo, JPN, 160-0005
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
44GF Score

Get the complete analysis for TSE:3823

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

円28.00
Price
円59.35
GF Value