Glad Cube (TSE:9561) ROCE % : -3.89% (As of Mar. 2024)

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What is Glad Cube 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. Glad Cube's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.89%.

Glad Cube ROCE % Historical Data

The historical data trend for Glad Cube'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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Glad Cube ROCE % Chart

Glad Cube Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

24.40

49.42

37.90

5.20

Glad Cube Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					26.32	5.96	-3.27	-5.64	-3.89

Glad Cube ROCE % Calculation

Glad Cube'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 )
	=	98.914	/	( ( (2908.069 - 1158.334)	+	(3224.518 - 1167.342) )	/ 2 )
	=	98.914	/	( (1749.735	+	2057.176)	/ 2 )
	=	98.914	/	1903.4555
	=	5.20 %

Glad Cube'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 )
	=	-78.3	/	( ( (3224.518 - 1167.342)	+	(3119.339 - 1154.016) )	/ 2 )
	=	-78.3	/	( ( 2057.176	+	1965.323 )	/ 2 )
	=	-78.3	/	2011.2495
	=	-3.89 %

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

Glad Cube (TSE:9561) 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.

Glad Cube ROCE % Related Terms

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Glad Cube (TSE:9561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glad Cube Inc (TSE:9561) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-7 Kawaramachi, Osaka Chuo-ku, Osaka, JPN, 541-0048

Website

https://corp.glad-cube.com

Glad Cube Inc operates as an internet advertise agency and website optimization platform that provides Heat maps and AB testing function by own product "iTest which includes artificial intelligence and machine learning.

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