U-Next Holdings Co (TSE:9418) ROCE % : 21.14% (As of Feb. 2024)

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What is U-Next 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. U-Next Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 21.14%.

U-Next Holdings Co ROCE % Historical Data

The historical data trend for U-Next 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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U-Next Holdings Co ROCE % Chart

U-Next Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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6.65

9.54

15.02

15.47

16.17

U-Next Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															17.06	20.43	15.83	20.33	21.14

U-Next Holdings Co ROCE % Calculation

U-Next Holdings Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	19908	/	( ( (153007 - 51757)	+	(200524 - 55527) )	/ 2 )
	=	19908	/	( (101250	+	144997)	/ 2 )
	=	19908	/	123123.5
	=	16.17 %

U-Next Holdings Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	31656	/	( ( (203457 - 55643)	+	(209921 - 58270) )	/ 2 )
	=	31656	/	( ( 147814	+	151651 )	/ 2 )
	=	31656	/	149732.5
	=	21.14 %

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

U-Next Holdings Co (TSE:9418) 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.

U-Next Holdings Co ROCE % Related Terms

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U-Next Holdings Co (TSE:9418) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » U-Next Holdings Co Ltd (TSE:9418) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.1, Shin-Osaki 3-chome, Meguro Central Square, Shinagawa-ku, Tokyo, JPN, 141-0021

Website

https://usen-next.co.jp

Usen-Next Holdings Co Ltd engages in the provision of digital content and mobile communication services. The firm's business line includes U-NEXT business, Content platform business, Mobile communication business, Fixed-line telecommunications business for multi-family housing, and BPO Business. Its content platform business engages in planning, developing, operating, and marketing U-NEXT, a video distribution service; and the provision of application development and infrastructure distribution services. The company also provides multi-MVNO cheap SIM, and cheap smartphone services; offers fixed-line telecommunications and optical Internet services; and operates contact centers.

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