GMO Globalsign Holdings KK (TSE:3788) ROCE % : 16.44% (As of Mar. 2024)

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What is GMO Globalsign Holdings KK 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. GMO Globalsign Holdings KK's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.44%.

GMO Globalsign Holdings KK ROCE % Historical Data

The historical data trend for GMO Globalsign Holdings KK'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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GMO Globalsign Holdings KK ROCE % Chart

GMO Globalsign Holdings KK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.88

19.12

11.64

15.93

13.43

GMO Globalsign Holdings KK 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															19.90	9.05	9.47	14.94	16.44

GMO Globalsign Holdings KK ROCE % Calculation

GMO Globalsign Holdings KK'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 )
	=	1355.1	/	( ( (14574.304 - 5305.059)	+	(15693.505 - 4785.9) )	/ 2 )
	=	1355.1	/	( (9269.245	+	10907.605)	/ 2 )
	=	1355.1	/	10088.425
	=	13.43 %

GMO Globalsign Holdings KK'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 )
	=	1884.892	/	( ( (15693.505 - 4785.9)	+	(17375.242 - 5347.626) )	/ 2 )
	=	1884.892	/	( ( 10907.605	+	12027.616 )	/ 2 )
	=	1884.892	/	11467.6105
	=	16.44 %

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

GMO Globalsign Holdings KK (TSE:3788) 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.

GMO Globalsign Holdings KK ROCE % Related Terms

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GMO Globalsign Holdings KK (TSE:3788) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » GMO Globalsign Holdings KK (TSE:3788) » Definitions » ROCE %

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N/A

Address

26-1, Sakuragaoka-cho, 10th Floor Cerulean Tower, Shibuya-ku, Tokyo, JPN, 150-8512

Website

https://www.gmogshd.com

GMO Globalsign Holdings KK is engaged in the development and operation of various internet solutions centred on cloud and hosting services and security services. It is organized into four business areas - IoT business, Cloud/Hosting business, Security/ID Management business, and Solutions business. The company offers a wide range of hosting services from rental server to cloud, direct sales and sales through distributors. In the ID management business, the company provides a cloud type ID service that realizes user ID management, access control, and single sign-on.

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