Goldwin (TSE:8111) ROCE %: 32.87% (As of Mar. 2026)

What is Goldwin ROCE %?

Goldwin TSE:8111 -0.80% 84 ROCE % is 32.87% as of Mar. 2026. GuruFocus rates TSE:8111 with a GF Score™ of 84/100 and a GF Value™ of 円2,942.21 (Modestly Undervalued). The stock has 1 warning sign 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. Goldwin's annualized ROCE % for the quarter that ended in Mar. 2026 was 32.87%.

Goldwin (TSE:8111) 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.

Goldwin ROCE % Related Terms

Goldwin ROCE % Historical Data

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The historical data trend for Goldwin'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.

Goldwin ROCE % Chart

Goldwin Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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31.64

36.48

34.39

27.68

25.82

Goldwin Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															30.68	13.69	18.31	40.15	32.87

84GF Score

Goldwin Inc TSE:8111

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Goldwin ROCE % Calculation

Goldwin's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	32197	/	( ( (150877 - 37391)	+	(168227 - 32326) )	/ 2 )
	=	32197	/	( (113486	+	135901)	/ 2 )
	=	32197	/	124693.5
	=	25.82 %

Goldwin's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	42744	/	( ( (165710 - 41506)	+	(168227 - 32326) )	/ 2 )
	=	42744	/	( ( 124204	+	135901 )	/ 2 )
	=	42744	/	130052.5
	=	32.87 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 32.87% mean?

Goldwin (TSE:8111) has a ROCE % of 32.87% as of Mar. 2026.

Is Goldwin's ROCE % too high?

Goldwin's current ROCE % is 32.87%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.11. Goldwin's value of 32.87% is 438% above this industry median. Overall, Goldwin has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Goldwin's ROCE % compare to RL and LEVI?

Goldwin's ROCE % of 32.87% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.11. Goldwin's value of 32.87% is 438% above this benchmark. 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 Manufacturing - Apparel & Accessories company?

The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.11, based on 1,036 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. Goldwin's current ROCE % of 32.87% is 438% above the industry median. 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 Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldwin's current ROCE % is 32.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Goldwin stock overvalued right now?

Based on GuruFocus' analysis, Goldwin (TSE:8111) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,942.21, compared to a current price of 円2,241.50 — trading 23.8% below its estimated fair value. The current ROCE % is 32.87% and 438% above the Manufacturing - Apparel & Accessories industry median of 6.11. Goldwin's overall GF Score™ is 84/100 with 1 warning sign 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 Goldwin (TSE:8111), the current ROCE % is 32.87% as of Mar. 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 Goldwin (TSE:8111) Overvalued in 2026?

Based on GuruFocus' analysis, Goldwin stock appears to be undervalued. The current stock price of 円2,241.50 is trading 23.8% below its estimated GF Value™ of 円2,942.21. GuruFocus considers Goldwin to be Modestly Undervalued.

Key valuation signals for TSE:8111:

ROCE %: 32.87%
GF Value™: 円2,942.21 vs. price of 円2,241.50 (23.8% below fair value)
GF Score™: 84/100 with 1 warning sign
Industry Position: 438% above the Manufacturing - Apparel & Accessories median

No single metric tells the full story. See the TSE:8111 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Goldwin Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies TSE:3591 TSE:2685 TSE:3002 TSE:8016 TSE:3608 TSE:7447 TSE:8008 TSE:8011 TSE:456A TSE:325A OSTO:HM B RL MIL:MONC TSX:GIL LEVI WAR:LPP VFC HKSE:03998 SHSE:600177 BOM:532827

Other Exchanges GWNCF:USA

Address 210 Kiyosawa, Toyama Prefecture, Oyabe, JPN, 932-0193

Website https://www.goldwin.co.jp

Goldwin Inc is involved in the business of manufacturing and selling sports products in Japan. It sells brands such as Goldwin, C3fit, Mxp, Speedo, Ellesse, Danskin, Canterbury, Black and white sport, the North Face, Helly Hansen, Macpac, Alite, Icebreaker, and Fischer.

84GF Score

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円2,241.50

Price

円2,942.21

GF Value

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