GMO Internet group (TSE:9449) ROCE % : 11.17% (As of Dec. 2023)

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What is GMO Internet group 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 Internet group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.17%.

GMO Internet group ROCE % Historical Data

The historical data trend for GMO Internet group'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 Internet group ROCE % Chart

GMO Internet group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.83

21.91

21.51

19.24

11.41

GMO Internet group 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															2.97	13.41	9.62	9.68	11.17

GMO Internet group ROCE % Calculation

GMO Internet group'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 )
	=	44836	/	( ( (1542740 - 1207649)	+	(1757636 - 1307015) )	/ 2 )
	=	44836	/	( (335091	+	450621)	/ 2 )
	=	44836	/	392856
	=	11.41 %

GMO Internet group'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 )
	=	49280	/	( ( (1706559 - 1274998)	+	(1757636 - 1307015) )	/ 2 )
	=	49280	/	( ( 431561	+	450621 )	/ 2 )
	=	49280	/	441091
	=	11.17 %

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

GMO Internet group (TSE:9449) 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 Internet group ROCE % Related Terms

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GMO Internet group (TSE:9449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GMO Internet group Inc (TSE:9449) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMOYF:USA IQ3:Germany

Address

Cerulean Tower 4th-14th floors, 26-1 Sakuragaokacho, Shibuya ku, Tokyo, JPN

Website

http://www.gmo.jp

GMO Internet group Inc operates through four main segments, Internet infrastructure, Online advertising and media, Internet securities, and Cryptocurrency. Internet infrastructure, the largest segment, provides basic Internet services, such as domain hosting and e-commerce payments. Online advertising and media segment provides marketing services for online businesses. The Internet securities division provides consumer financial services, and the Cryptocurrency segment operates business pertaining to mining and exchange of cryptocurrency. The company generates the vast majority of revenue in Japan.

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