Global Kids Co (TSE:6189) ROCE % : 5.75% (As of Dec. 2023)

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What is Global Kids 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. Global Kids Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.75%.

Global Kids Co ROCE % Historical Data

The historical data trend for Global Kids 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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Global Kids Co ROCE % Chart

Global Kids Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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12.53

5.30

5.59

-3.29

-1.04

Global Kids Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.46	-0.77	-13.51	4.48	5.75

Global Kids Co ROCE % Calculation

Global Kids Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-137	/	( ( (16601 - 3217)	+	(16675 - 3652) )	/ 2 )
	=	-137	/	( (13384	+	13023)	/ 2 )
	=	-137	/	13203.5
	=	-1.04 %

Global Kids Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	740	/	( ( (16675 - 3652)	+	(16449 - 3741) )	/ 2 )
	=	740	/	( ( 13023	+	12708 )	/ 2 )
	=	740	/	12865.5
	=	5.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Global Kids Co (TSE:6189) 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.

Global Kids Co ROCE % Related Terms

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Global Kids Co (TSE:6189) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Kids Co Ltd (TSE:6189) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14, Fujimi 2-chome, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

http://www.gkids.co.jp

Global Kids Co Ltd provides child care support services in Japan. It operates licensed nurseries and non-licensed nurseries, and after-school clubs and children's centers.

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