Monex Group (TSE:8698) ROCE % : 12.76% (As of Mar. 2024)

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What is Monex 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. Monex Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.76%.

Monex Group ROCE % Historical Data

The historical data trend for Monex 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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Monex Group ROCE % Chart

Monex Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.95

2.18

1.78

0.69

3.01

Monex Group 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															1.57	1.28	1.22	1.02	12.76

Monex Group ROCE % Calculation

Monex Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	33293	/	( ( (1504110 - 41576)	+	(761642 - 9079) )	/ 2 )
	=	33293	/	( (1462534	+	752563)	/ 2 )
	=	33293	/	1107548.5
	=	3.01 %

Monex Group'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 )
	=	91500	/	( ( (1571269 - 889541)	+	(761642 - 9079) )	/ 2 )
	=	91500	/	( ( 681728	+	752563 )	/ 2 )
	=	91500	/	717145.5
	=	12.76 %

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

Monex Group (TSE:8698) 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.

Monex Group ROCE % Related Terms

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Monex Group (TSE:8698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Monex Group Inc (TSE:8698) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MNXBF:USA NNL:Germany

Address

2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083

Website

http://www.monexgroup.jp

Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.

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