GDEP Advance (TSE:5885) ROCE % : 27.93% (As of Feb. 2024)

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What is GDEP Advance 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. GDEP Advance's annualized ROCE % for the quarter that ended in Feb. 2024 was 27.93%.

GDEP Advance ROCE % Historical Data

The historical data trend for GDEP Advance'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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GDEP Advance ROCE % Chart

GDEP Advance Annual Data

Trend

May21

May22

May23

ROCE %

25.83

27.44

30.23

GDEP Advance Quarterly Data
	May21	May22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial			-	16.02	19.49	22.99	27.93

GDEP Advance ROCE % Calculation

GDEP Advance's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	556.877	/	( ( (2146.825 - 518.912)	+	(2730.691 - 673.794) )	/ 2 )
	=	556.877	/	( (1627.913	+	2056.897)	/ 2 )
	=	556.877	/	1842.405
	=	30.23 %

GDEP Advance'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 )
	=	764.508	/	( ( (3533.072 - 856.09)	+	(3581.448 - 784.411) )	/ 2 )
	=	764.508	/	( ( 2676.982	+	2797.037 )	/ 2 )
	=	764.508	/	2737.0095
	=	27.93 %

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

GDEP Advance (TSE:5885) 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.

GDEP Advance ROCE % Related Terms

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GDEP Advance (TSE:5885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-33 Kokubuncho, 8th floor, Sendai Jozenji Building, Aoba-ku, Sendai, JPN, 980-0803

Website

https://info.gdep.co.jp

GDEP Advance Inc is engaged in the Sales Business of hardware and other products that enable advanced processing such as AI learning. The company's products include Graphic boards, Computing boards, FPGA boards, Deep learning boxes, fsv-rm1u4b, and others.

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