Value Golf (TSE:3931) ROCE % : 8.69% (As of Jul. 2024)

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What is Value Golf 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. Value Golf's annualized ROCE % for the quarter that ended in Jul. 2024 was 8.69%.

Value Golf ROCE % Historical Data

The historical data trend for Value Golf'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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Value Golf ROCE % Chart

Value Golf Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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2.54

3.88

15.64

12.88

4.31

Value Golf Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															6.52	-0.13	7.48	8.75	8.69

Value Golf ROCE % Calculation

Value Golf's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	57.388	/	( ( (2508.376 - 1166.204)	+	(2634.493 - 1315.947) )	/ 2 )
	=	57.388	/	( (1342.172	+	1318.546)	/ 2 )
	=	57.388	/	1330.359
	=	4.31 %

Value Golf's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	118.796	/	( ( (2730.717 - 1390.782)	+	(2796.715 - 1403.357) )	/ 2 )
	=	118.796	/	( ( 1339.935	+	1393.358 )	/ 2 )
	=	118.796	/	1366.6465
	=	8.69 %

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

Value Golf (TSE:3931) 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.

Value Golf ROCE % Related Terms

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Value Golf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Value Golf Inc (TSE:3931) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Shiba 4-chome Minato-ku, Tokyo Fast Okada Building, 4th and 5th floor, Tokyo, JPN, 108-0014

Website

https://www.valuegolf.co.jp

Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.

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