m-up holdings (TSE:3661) ROCE % : 40.52% (As of Dec. 2023)

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What is m-up holdings 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. m-up holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.52%.

m-up holdings ROCE % Historical Data

The historical data trend for m-up holdings'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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m-up holdings ROCE % Chart

m-up holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.03

15.14

22.73

32.92

33.62

m-up holdings 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															32.97	21.65	47.04	39.99	40.52

m-up holdings ROCE % Calculation

m-up holdings'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 )
	=	2074	/	( ( (14185 - 8642)	+	(16442 - 9646) )	/ 2 )
	=	2074	/	( (5543	+	6796)	/ 2 )
	=	2074	/	6169.5
	=	33.62 %

m-up holdings'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 )
	=	2868	/	( ( (16328 - 9363)	+	(17363 - 10173) )	/ 2 )
	=	2868	/	( ( 6965	+	7190 )	/ 2 )
	=	2868	/	7077.5
	=	40.52 %

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

m-up holdings (TSE:3661) 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.

m-up holdings ROCE % Related Terms

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m-up holdings (TSE:3661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » m-up holdings Inc (TSE:3661) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-12-18 Shibuya, Shibuya-ku, Shibuya South Tokyu Building,10th Floor, Tokyo, JPN, 150-0002

Website

https://www.m-upholdings.co.jp

m-up holdings Inc is engaged in Content business, e-commerce business, electronic ticket business, other businesses. It is involved in the official fan site management; entertainment website management; management of music/video distribution site; e-book label management; production of digital contents; and application creation for smartphones. The company also engages in fan club Website operation; YouTube channel construction; and Website creation.

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