Makuake (TSE:4479) ROCE % : -6.39% (As of Mar. 2024)

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What is Makuake 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. Makuake's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.39%.

Makuake ROCE % Historical Data

The historical data trend for Makuake'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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Makuake ROCE % Chart

Makuake Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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34.12

6.84

-5.16

-9.05

-1.22

Makuake 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															-6.21	-2.27	-1.31	-6.39	-

Makuake ROCE % Calculation

Makuake'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 )
	=	-62.64	/	( ( (7955.211 - 2790.834)	+	(6645.875 - 1581.841) )	/ 2 )
	=	-62.64	/	( (5164.377	+	5064.034)	/ 2 )
	=	-62.64	/	5114.2055
	=	-1.22 %

Makuake'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 )
	=	-327.804	/	( ( (8211.627 - 3050.554)	+	(6620.438 - 1528.5) )	/ 2 )
	=	-327.804	/	( ( 5161.073	+	5091.938 )	/ 2 )
	=	-327.804	/	5126.5055
	=	-6.39 %

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

Makuake (TSE:4479) 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.

Makuake ROCE % Related Terms

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Makuake Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Makuake Inc (TSE:4479) » Definitions » ROCE %

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Address

2-16-1 Shibuya, Shibuya-ku, Daiwa Shibuya Miyamasuzaka Building 10th Floor, Tokyo, JPN, 150-0002

Website

https://www.makuake.co.jp

Makuake Inc is engaged in providing support services to the crowdfunding platform Makuake. Its services include Makuake, Makuake Government, Makuake Incubation Studio, Makuake SHOP, and Makuake Store.

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