Gakken Holdings Co (TSE:9470) ROCE % : 17.64% (As of Mar. 2024)

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What is Gakken Holdings 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. Gakken Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.64%.

Gakken Holdings Co ROCE % Historical Data

The historical data trend for Gakken Holdings 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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Gakken Holdings Co ROCE % Chart

Gakken Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.90

7.83

8.54

8.20

7.89

Gakken Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.91	1.38	17.69	-	17.64

Gakken Holdings Co ROCE % Calculation

Gakken Holdings 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 )
	=	6930	/	( ( (123682 - 39838)	+	(136328 - 44550) )	/ 2 )
	=	6930	/	( (83844	+	91778)	/ 2 )
	=	6930	/	87811
	=	7.89 %

Gakken Holdings Co'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 )
	=	15956	/	( ( (133730 - 40456)	+	(139358 - 51767) )	/ 2 )
	=	15956	/	( ( 93274	+	87591 )	/ 2 )
	=	15956	/	90432.5
	=	17.64 %

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

Gakken Holdings Co (TSE:9470) 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.

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Gakken Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Gakken Holdings Co Ltd (TSE:9470) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-8 Nishigotanda 2-chome, Shinagawa-ku, Tokyo, JPN, 141-8510

Website

http://www.gakken.co.jp

Gakken Holdings Co Ltd is a Japan-based company offering education and training services. Its business activities include publishing, education, and stationery. Its publishing business includes picture books, illustrated reference books, reading materials, study guides, educational books helpful for business skills, and entertainment magazines. Education business conducts science experiment, math, and intellectual development classroom sessions. Stationery business design, develop and sell stationeries and general merchandises such as fusen (tags), notebook, fun-tape, letters, envelopes, calendars, and lunch boxes. Gakken also develops and operates daycare centers, kindergartens, special services for the elderly, and own-home nursing services.

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