Open Door (TSE:3926) ROCE % : -1.84% (As of Dec. 2023)

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What is Open Door 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. Open Door's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.84%.

Open Door ROCE % Historical Data

The historical data trend for Open Door'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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Open Door ROCE % Chart

Open Door Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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35.92

26.88

-12.10

-11.10

-0.93

Open Door 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															-2.86	2.07	0.97	7.98	-1.84

Open Door ROCE % Calculation

Open Door's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-52.108	/	( ( (5368.341 - 171.281)	+	(6403.286 - 348.902) )	/ 2 )
	=	-52.108	/	( (5197.06	+	6054.384)	/ 2 )
	=	-52.108	/	5625.722
	=	-0.93 %

Open Door'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 )
	=	-103.524	/	( ( (5835.848 - 452.261)	+	(6320.765 - 434.394) )	/ 2 )
	=	-103.524	/	( ( 5383.587	+	5886.371 )	/ 2 )
	=	-103.524	/	5634.979
	=	-1.84 %

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

Open Door (TSE:3926) 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.

Open Door ROCE % Related Terms

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Open Door (TSE:3926) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Open Door Inc (TSE:3926) » Definitions » ROCE %

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OPNDF:USA

Address

2-17-7 Akasaka, Akasaka Tameike Tower, 6th Floor, Minato-ku, Chikusei-cho, Tokyo, JPN, 107-0052

Website

http://www.opendoor.co.jp

Open Door Inc is engaged in the planning and operation of game content for mobile phones, software development, and content delivery. It is also involved in development and provision of online systems for the internet and mobile phones. The company operates in two sites Travelko, a travel comparison site and GALLERY JAPAN, a japanese traditional art crafts site.

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