WealthNavi (TSE:7342) ROCE % : 3.59% (As of Jun. 2024)

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What is WealthNavi 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. WealthNavi's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.59%.

WealthNavi ROCE % Historical Data

The historical data trend for WealthNavi'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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WealthNavi ROCE % Chart

WealthNavi Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-39.47

-14.86

-4.69

1.75

4.01

WealthNavi Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														10.22	-0.16	1.65	3.59	2.25

WealthNavi ROCE % Calculation

WealthNavi's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	523.675	/	( ( (25964.253 - 13483.681)	+	(32237.497 - 18579.285) )	/ 2 )
	=	523.675	/	( (12480.572	+	13658.212)	/ 2 )
	=	523.675	/	13069.392
	=	4.01 %

WealthNavi's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1064.08	/	( ( (45493.567 - 16048.408)	+	(48774.658 - 18893.234) )	/ 2 )
	=	1064.08	/	( ( 29445.159	+	29881.424 )	/ 2 )
	=	1064.08	/	29663.2915
	=	3.59 %

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

WealthNavi (TSE:7342) 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.

WealthNavi ROCE % Related Terms

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WealthNavi Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » WealthNavi Inc (TSE:7342) » Definitions » ROCE %

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WNAVF:USA

Address

2-22-3 Shibuya, Shibuya East Exit Building, 9th Floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://www.wealthnavi.com

WealthNavi Inc provides asset management services. The company provides long-term, funded, diversified asset management services like automatic construction of an optimal portfolio, automatic ordering, automatic reserve, automatic rebalancing, and automatic tax optimization. The activities of the group are carried out through WealthNavi platform.

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