Digital Grid (TSE:350A) ROCE % : 61.38% (As of Jan. 2025)

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What is Digital Grid 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 Grid's annualized ROCE % for the quarter that ended in Jan. 2025 was 61.38%.

Digital Grid ROCE % Historical Data

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

Digital Grid Annual Data

Trend

Jul23

Jul24

ROCE %

12.69

32.02

Digital Grid Semi-Annual Data
	Jul23	Jul24	Jan25
ROCE %	-	-	61.38

Digital Grid ROCE % Calculation

Digital Grid's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	1294.334	/	( ( (5963.165 - 2407.256)	+	(11476.006 - 6947.651) )	/ 2 )
	=	1294.334	/	( (3555.909	+	4528.355)	/ 2 )
	=	1294.334	/	4042.132
	=	32.02 %

Digital Grid's ROCE % of for the quarter that ended in Jan. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2025 )		(Q: Jul. 2024 )		(Q: Jan. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2025 )		(Q: Jul. 2024 )		(Q: Jan. 2025 )
	=	3423.988	/	( ( (11476.006 - 6947.651)	+	(16214.33 - 9585.572) )	/ 2 )
	=	3423.988	/	( ( 4528.355	+	6628.758 )	/ 2 )
	=	3423.988	/	5578.5565
	=	61.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2025) EBIT data.

Digital Grid (TSE:350A) 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 Grid ROCE % Related Terms

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Digital Grid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Digital Grid Corp (TSE:350A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-1 Akasaka, Akasaka Enokizaka Building 3rd Floor, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.digitalgrid.com

Digital Grid Corp is engaged in trading platforms for electric power and environmental value. Its services include D.G.P a Power procurement and trading platform, Econoha Environmental value purchasing agent, RE Bridge Accompanying renewable energy auction, and GX navi Decarbonization human resource development for beginners.

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