Golf Digest Online (TSE:3319) ROCE % : -8.70% (As of Mar. 2024)

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What is Golf Digest Online 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. Golf Digest Online's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.70%.

Golf Digest Online ROCE % Historical Data

The historical data trend for Golf Digest Online'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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Golf Digest Online ROCE % Chart

Golf Digest Online Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.37

11.85

20.40

4.56

4.50

Golf Digest Online 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															-2.77	12.35	3.07	5.22	-8.70

Golf Digest Online ROCE % Calculation

Golf Digest Online'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 )
	=	1064.605	/	( ( (43524.609 - 19926.177)	+	(46700.339 - 22961.2) )	/ 2 )
	=	1064.605	/	( (23598.432	+	23739.139)	/ 2 )
	=	1064.605	/	23668.7855
	=	4.50 %

Golf Digest Online'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 )
	=	-2020.968	/	( ( (46700.339 - 22961.2)	+	(47976.954 - 25257.083) )	/ 2 )
	=	-2020.968	/	( ( 23739.139	+	22719.871 )	/ 2 )
	=	-2020.968	/	23229.505
	=	-8.70 %

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

Golf Digest Online (TSE:3319) 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.

Golf Digest Online ROCE % Related Terms

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Golf Digest Online (TSE:3319) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf Digest Online Inc (TSE:3319) » Definitions » ROCE %

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Address

2-10-2 Higashi-Gotanda, Higashi-Gotanda Square 8th Floor, Shinagawa-ku, Tokyo, JPN

Website

http://www.golfdigest.co.jp

Golf Digest Online Inc is engaged in online media, advertising business centering on the Internet, providing and managing mobile services. Its business scope includes Golf Retail, Golf Course Service and Golf Media.

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