Digital Garage (TSE:4819) ROCE % : -5.74% (As of Dec. 2023)

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What is Digital Garage 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. Digital Garage's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.74%.

Digital Garage ROCE % Historical Data

The historical data trend for Digital Garage'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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Digital Garage ROCE % Chart

Digital Garage Annual Data

Trend

Jun14

Jun15

Jun16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.46

10.09

12.56

31.14

-3.62

Digital Garage 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															-14.43	-6.42	20.34	6.37	-5.74

Digital Garage ROCE % Calculation

Digital Garage'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 )
	=	-5314	/	( ( (231607 - 59242)	+	(216270 - 94780) )	/ 2 )
	=	-5314	/	( (172365	+	121490)	/ 2 )
	=	-5314	/	146927.5
	=	-3.62 %

Digital Garage'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 )
	=	-8308	/	( ( (221297 - 75353)	+	(234923 - 91608) )	/ 2 )
	=	-8308	/	( ( 145944	+	143315 )	/ 2 )
	=	-8308	/	144629.5
	=	-5.74 %

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

Digital Garage (TSE:4819) 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.

Digital Garage ROCE % Related Terms

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Digital Garage (TSE:4819) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Garage Inc (TSE:4819) » Definitions » ROCE %

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DLGEF:USA

Address

Daikanyama DG Bldg., Tokyo, JPN

Website

http://www.garage.co.jp

Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.

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