Money Forward (TSE:3994) ROCE % : -7.72% (As of Feb. 2024)

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What is Money Forward 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. Money Forward's annualized ROCE % for the quarter that ended in Feb. 2024 was -7.72%.

Money Forward ROCE % Historical Data

The historical data trend for Money Forward'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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Money Forward ROCE % Chart

Money Forward Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-31.21

-19.82

-4.75

-21.99

-13.41

Money Forward Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-15.05	-14.81	-11.81	-12.58	-7.72

Money Forward ROCE % Calculation

Money Forward's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-6673.868	/	( ( (65986.706 - 23964.769)	+	(88282.41 - 30780.576) )	/ 2 )
	=	-6673.868	/	( (42021.937	+	57501.834)	/ 2 )
	=	-6673.868	/	49761.8855
	=	-13.41 %

Money Forward's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-4399.3	/	( ( (88282.41 - 30780.576)	+	(84939.267 - 28439.674) )	/ 2 )
	=	-4399.3	/	( ( 57501.834	+	56499.593 )	/ 2 )
	=	-4399.3	/	57000.7135
	=	-7.72 %

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

Money Forward (TSE:3994) 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.

Money Forward ROCE % Related Terms

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Money Forward (TSE:3994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Money Forward Inc (TSE:3994) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

47D:Germany

Address

21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023

Website

https://corp.moneyforward.com

Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.

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