{"id":8900,"date":"2024-07-16T09:47:14","date_gmt":"2024-07-16T00:47:14","guid":{"rendered":"https:\/\/biz.moneyforward.com\/ipo\/?p=8900"},"modified":"2026-04-16T12:52:32","modified_gmt":"2026-04-16T03:52:32","slug":"roic%e7%b5%8c%e5%96%b6%e3%81%a8%e3%81%af%ef%bc%9f%e6%84%8f%e5%91%b3%e3%82%84wacc%e3%83%bbroe%e3%83%bbroa%e3%81%a8%e3%81%ae%e9%81%95%e3%81%84%e3%83%bb%e8%a8%88%e7%ae%97%e5%bc%8f%e3%83%bb%e3%83%a1","status":"publish","type":"post","link":"https:\/\/biz.moneyforward.com\/ipo\/basic\/8900\/","title":{"rendered":"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac"},"content":{"rendered":"<p>ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac<br 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id=\"post-below-intro\"><\/div><h2>ROIC\u3068\u306f<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8905\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-2.jpeg\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1000\" height=\"667\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-2.jpeg 1000w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-2-300x200.jpeg 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-2-768x512.jpeg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><br \/>\nROIC\u306f\u3001Return on Invested Capital\u306e\u7565\u79f0\u3067\u3001\u65e5\u672c\u8a9e\u3067\u300c\u6295\u4e0b<a href=\"https:\/\/biz.moneyforward.com\/words\/2077\/\" data-internallinksmanager029f6b8e52c=\"197\" title=\"\u8cc7\u672c\u5229\u76ca\u7387\">\u8cc7\u672c\u5229\u76ca\u7387<\/a>\u300d\u3068\u8a33\u3055\u308c\u308b\u7d4c\u6e08\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p>\u4f01\u696d\u304c\u305d\u306e\u8cc7\u672c\u3092\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u4f7f\u7528\u3057\u3066\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p>\u5177\u4f53\u7684\u306b\u306f\u3001\u4f01\u696d\u304c\u6295\u8cc7\u3057\u305f\u5168\u3066\u306e\u8cc7\u672c\uff08\u6295\u4e0b\u8cc7\u672c\u3068\u3044\u3046\u3002\u6709\u5229\u5b50\u8ca0\u50b5\u3068<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/46289\/\" data-internallinksmanager029f6b8e52c=\"320\" title=\"\u682a\u4e3b\u8cc7\u672c\">\u682a\u4e3b\u8cc7\u672c<\/a>\u306e\u5408\u8a08\uff09\u306b\u5bfe\u3057\u3066\u3001\u3069\u308c\u3060\u3051\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u305f\u304b\u3092\u8a55\u4fa1\u3057\u3001\u7d4c\u55b6\u8005\u304c\u8cc7\u672c\u3092\u3069\u308c\u3060\u3051\u6709\u52b9\u306b\u904b\u7528\u3057\u3066\u3044\u308b\u304b\u3092\u6e2c\u308a\u307e\u3059\u3002<\/p>\n<p>ROIC\u306e\u8a08\u7b97\u65b9\u6cd5\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<div style=\"padding: 10px; margin-bottom: 10px; border: 1px solid #333333;\">ROIC\uff08\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\uff09\uff1d\u7a0e\u5f15\u5f8c<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/38796\/\" data-internallinksmanager029f6b8e52c=\"250\" title=\"\u55b6\u696d\u5229\u76ca\">\u55b6\u696d\u5229\u76ca<\/a>\uff08NOPAT\uff09\u00f7\u6295\u4e0b\u8cc7\u672c<\/div>\n<p>\u3053\u306e\u8a08\u7b97\u5f0f\u306e\u69cb\u9020\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3059\u308b\u3068\u3001\u4ee5\u4e0b\u306e\u56f3\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8910\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROIC.png\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1280\" height=\"720\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROIC.png 1280w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROIC-300x169.png 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROIC-1024x576.png 1024w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROIC-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h3>ROIC\u306e\u76ee\u5b89\u30fb\u57fa\u6e96<\/h3>\n<p>\u4e00\u822c\u7684\u306b\u3001\u4e8b\u696d\u5358\u4f4d\u306eROIC\u306e\u76ee\u5b89\u3068\u3057\u30667\uff05\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002ROIC\u306e\u6570\u5024\u304c\u9ad8\u3044\u307b\u3069\u3001\u5c11\u306a\u3044\u6295\u4e0b\u8cc7\u672c\u3067\u591a\u304f\u306e\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3001\u305d\u306e\u4e8b\u696d\u306e\u30b3\u30b9\u30c8\u52b9\u7387\u304c\u512a\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u30017\uff05\u3092\u4e0a\u56de\u308b\u5834\u5408\u306f\u3001\u52b9\u7387\u3088\u304f\u7d4c\u55b6\u304c\u3067\u304d\u3066\u3044\u308b\u72b6\u614b\u3067\u3001\u4e0b\u56de\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u4e8b\u696d\u306e\u64a4\u9000\u3084\u7e2e\u5c0f\u3059\u308b\u306e\u3092\u8996\u91ce\u306b\u5165\u308c\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<h3>ROIC\u3068WACC\u306e\u95a2\u4fc2<\/h3>\n<p>WACC\u3068\u306f\u3001\u65e5\u672c\u8a9e\u3067\u300c\u52a0\u91cd\u5e73\u5747\u8cc7\u672c\u30b3\u30b9\u30c8\u300d\u3068\u8a33\u3057\u3001\u4f01\u696d\u306e<a href=\"https:\/\/biz.moneyforward.com\/establish\/basic\/44\/\" data-internallinksmanager029f6b8e52c=\"491\" title=\"\u8cc7\u91d1\u8abf\u9054\">\u8cc7\u91d1\u8abf\u9054<\/a>\u306b\u304a\u3051\u308b\u5168\u4f53\u7684\u306a\u30b3\u30b9\u30c8\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u682a\u4e3b\u8cc7\u672c\u3068\u8ca0\u50b5\u306e\u30b3\u30b9\u30c8\u3092\u305d\u308c\u305e\u308c\u306e\u5272\u5408\u306b\u5fdc\u3058\u3066\u52a0\u91cd\u5e73\u5747\u3057\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>WACC\u306e\u8a08\u7b97\u65b9\u6cd5\u306f\u3001\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<div style=\"padding: 10px; margin-bottom: 10px; border: 1px solid #333333;\">WACC\uff1d\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u00d7\u682a\u4e3b\u8cc7\u672c\/\uff08\u682a\u4e3b\u8cc7\u672c\uff0b\u8ca0\u50b5\uff09\uff0b\u8ca0\u50b5\u30b3\u30b9\u30c8\u00d7\uff081\uff0d\u5b9f\u52b9\u7a0e\u7387\uff09\u00d7\u8ca0\u50b5\/\uff08\u682a\u4e3b\u8cc7\u672c\uff0b\u8ca0\u50b5\uff09<\/div>\n<p>ROIC\u304cWACC\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u5834\u5408\u3001\u4f01\u696d\u306f\u305d\u306e\u8cc7\u672c\u30b3\u30b9\u30c8\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u4f01\u696d\u304c<a href=\"https:\/\/biz.moneyforward.com\/words\/288\/\" data-internallinksmanager029f6b8e52c=\"31\" title=\"\u7d4c\u6e08\u7684\u4ed8\u52a0\u4fa1\u5024\">\u7d4c\u6e08\u7684\u4ed8\u52a0\u4fa1\u5024<\/a>\u3092\u5275\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3082\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u8981\u7d20\u3067\u3059\u3002<\/p>\n<p>\u9006\u306b\u3001ROIC\u304cWACC\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u5834\u5408\u3001\u4f01\u696d\u306f\u305d\u306e\u8cc7\u672c\u30b3\u30b9\u30c8\u306b\u898b\u5408\u3063\u305f\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u3089\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u304c\u6295\u8cc7\u3057\u305f\u8cc7\u672c\u3092\u52b9\u679c\u7684\u306b\u904b\u7528\u3067\u304d\u3066\u3044\u306a\u3044\u3053\u3068\u3092\u793a\u3057\u3001\u7d4c\u6e08\u7684\u306a\u640d\u5931\u3092\u610f\u5473\u3059\u308b\u305f\u3081\u3001\u3053\u306e\u72b6\u6cc1\u304c\u7d9a\u304f\u3068\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u306f\u60aa\u5316\u3057\u3001\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u4fe1\u983c\u3092\u5931\u3046\u53ef\u80fd\u6027\u304c\u3042\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<h3>ROE\u3084ROA\u3068\u306e\u9055\u3044<\/h3>\n<p>ROIC\u3068\u540c\u3058\u304f\u8cc7\u672c\u751f\u7523\u6027\u3092\u8868\u3059\u6307\u6a19\u3068\u3057\u3066\u3001ROE\uff08<a href=\"https:\/\/biz.moneyforward.com\/words\/2077\/\" data-internallinksmanager029f6b8e52c=\"56\" title=\"\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\">\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387<\/a>\uff09\u3068ROA\uff08<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/341\/\" data-internallinksmanager029f6b8e52c=\"105\" title=\"\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\">\u7dcf\u8cc7\u7523\u5229\u76ca\u7387<\/a>\uff09\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<div style=\"padding: 10px; margin-bottom: 10px; border: 1px solid #333333;\">\n<ul>\n<li>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\uff1d<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/45120\/\" data-internallinksmanager029f6b8e52c=\"222\" title=\"\u5f53\u671f\u7d14\u5229\u76ca\">\u5f53\u671f\u7d14\u5229\u76ca<\/a>\u00f7\u81ea\u5df1\u8cc7\u672c\u00d7100<\/li>\n<li>ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09\uff1d\u5f53\u671f\u7d14\u5229\u76ca\u00f7\u7dcf\u8cc7\u7523\uff08\u81ea\u5df1\u8cc7\u672c\uff0b\u4ed6\u4eba\u8cc7\u672c\uff09\u00d7100<\/li>\n<\/ul>\n<\/div>\n<h4>ROE\u3068\u306e\u9055\u3044<\/h4>\n<p>ROE\u306f\u3001\u4f01\u696d\u304c\u682a\u4e3b\u304b\u3089\u9810\u304b\u3063\u305f\u8cc7\u672c\u3092\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u904b\u7528\u3057\u3066\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u91cd\u8981\u306a\u8ca1\u52d9\u6307\u6a19\u3067\u3059\u3002\u4f01\u696d\u306e\u81ea\u5df1\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u3001\u81ea\u5df1\u8cc7\u672c\u306b\u306f\u682a\u4e3b\u304b\u3089\u306e\u51fa\u8cc7\u91d1\u3084\u5185\u90e8\u7559\u4fdd\u3057\u3066\u3044\u308b\u5229\u76ca\u304c\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n<p>\u9ad8\u3044ROE\u306f\u3001\u4f01\u696d\u304c\u682a\u4e3b\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u904b\u7528\u3057\u3066\u9ad8\u3044\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u306a\u4f01\u696d\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001ROIC\u306f\u4f01\u696d\u306e\u7dcf\u6295\u4e0b\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u3053\u3053\u3067\u306e\u6295\u4e0b\u8cc7\u672c\u306b\u306f\u3001\u682a\u4e3b\u8cc7\u672c\u3060\u3051\u3067\u306a\u304f\u3001\u8ca0\u50b5\u3092\u901a\u3058\u3066\u8abf\u9054\u3057\u305f\u8cc7\u91d1\u3082\u542b\u307e\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u9ad8\u3044ROIC\u306f\u3001\u4f01\u696d\u304c\u5168\u3066\u306e\u8cc7\u672c\u3092\u52b9\u679c\u7684\u306b\u6d3b\u7528\u3057\u3066\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8909\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROE.png\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1280\" height=\"720\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROE.png 1280w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROE-300x169.png 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROE-1024x576.png 1024w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROE-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h4>ROA\u3068\u306e\u9055\u3044<\/h4>\n<p>ROA\u306f\u3001\u4f01\u696d\u304c\u4fdd\u6709\u3059\u308b\u7dcf\u8cc7\u7523\u3092\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u904b\u7528\u3057\u3066\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p>ROA\u306f\u3001\u4f01\u696d\u306e\u7dcf\u8cc7\u7523\u5168\u4f53\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u7dcf\u8cc7\u7523\u306b\u306f\u73fe\u91d1\u3001\u9810\u91d1\u3001<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/44284\/\" data-internallinksmanager029f6b8e52c=\"452\" title=\"\u58f2\u639b\u91d1\">\u58f2\u639b\u91d1<\/a>\u3001\u5728\u5eab\u3001\u8a2d\u5099\u3001\u5efa\u7269\u3001\u571f\u5730\u306a\u3069\u3059\u3079\u3066\u306e\u8cc7\u7523\u304c\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u306e\u5168\u4f53\u7684\u306a\u8cc7\u7523\u904b\u7528\u52b9\u7387\u3092\u793a\u3057\u3001\u8cc7\u7523\u3092\u52b9\u7387\u7684\u306b\u6d3b\u7528\u3057\u3066\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001ROIC\u306f\u3001\u4f01\u696d\u304c\u904b\u55b6\u8cc7\u672c\u306b\u6295\u8cc7\u3057\u305f\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u3053\u3053\u3067\u306e\u6295\u4e0b\u8cc7\u672c\u306b\u306f\u3001\u682a\u4e3b\u8cc7\u672c\u3060\u3051\u3067\u306a\u304f\u3001\u4f01\u696d\u304c<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/45337\/\" data-internallinksmanager029f6b8e52c=\"454\" title=\"\u501f\u5165\u91d1\">\u501f\u5165\u91d1<\/a>\u3084\u793e\u50b5\u306a\u3069\u8ca0\u50b5\u3068\u3057\u3066\u8abf\u9054\u3057\u305f\u8cc7\u91d1\u3082\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8908\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROA.png\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1280\" height=\"720\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROA.png 1280w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROA-300x169.png 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROA-1024x576.png 1024w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/ROA-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h3>ROIC\u304c\u6ce8\u76ee\u3055\u308c\u308b\u7406\u7531<\/h3>\n<p>ROIC\u304c\u6ce8\u76ee\u3055\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u7406\u7531\u306f\u3001\u4e3b\u306b\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u6295\u8cc7\u5bb6\u304c\u5229\u76ca\u7387\u3092\u91cd\u8996\u3059\u308b\u3088\u3046\u306b\u306a\u3063\u305f<\/li>\n<li>\u4f01\u696d\u306e\u30b0\u30eb\u30fc\u30d7\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u5316\u304c\u767a\u5c55\u3057\u305f<\/li>\n<li>PBR\u3078\u306e\u95a2\u5fc3\u304c\u9ad8\u307e\u3063\u305f<\/li>\n<\/ul>\n<p>\u307e\u305a\u3001\u6295\u8cc7\u5bb6\u306f\u4f01\u696d\u304c\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u8cc7\u672c\u3092\u904b\u7528\u3057\u3066\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u3001ROIC\u3092\u5229\u7528\u3057\u3066\u3044\u308b\u70b9\u3067\u3059\u3002<\/p>\n<p>\u7279\u306b\u9ad8\u3044ROIC\u306f\u3001\u4f01\u696d\u304c\u6295\u8cc7\u5bb6\u304b\u3089\u9810\u304b\u3063\u305f\u8cc7\u672c\u3092\u6709\u52b9\u306b\u6d3b\u7528\u3057\u3001\u512a\u308c\u305f\u7d4c\u6e08\u7684\u4ed8\u52a0\u4fa1\u5024\u3092\u5275\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4f01\u696d\u304c\u591a\u56fd\u7c4d\u5c55\u958b\u3084\u591a\u89d2\u5316\u7d4c\u55b6\u3092\u9032\u3081\u308b\u4e2d\u3067\u3001\u5404\u4e8b\u696d\u5358\u4f4d\u3084\u5730\u57df\u3054\u3068\u306e<a href=\"https:\/\/biz.moneyforward.com\/words\/2083\/\" data-internallinksmanager029f6b8e52c=\"361\" title=\"\u8cc7\u672c\u52b9\u7387\">\u8cc7\u672c\u52b9\u7387<\/a>\u3092\u8a55\u4fa1\u3059\u308b\u5fc5\u8981\u6027\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4f01\u696d\u306f\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u8996\u70b9\u3067\u8cc7\u672c\u306e\u914d\u5206\u3092\u6700\u9069\u5316\u3057\u3001\u5404\u4e8b\u696d\u5358\u4f4d\u304c\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u8cc7\u672c\u3092\u904b\u7528\u3057\u3066\u3044\u308b\u304b\u3092\u628a\u63e1\u3067\u304d\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>PBR\u306f\u4f01\u696d\u306e\u682a\u4fa1\u304c\u5e33\u7c3f\u4fa1\u5024\u306b\u5bfe\u3057\u3066\u3069\u308c\u3060\u3051\u5272\u9ad8\u307e\u305f\u306f\u5272\u5b89\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u8a55\u4fa1\u57fa\u6e96\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n<p>ROIC\u3068PBR\u3092\u4f75\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u5b9f\u969b\u306e\u4fa1\u5024\u3068\u5e02\u5834\u8a55\u4fa1\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u3088\u308a\u6b63\u78ba\u306b\u5224\u65ad\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2>ROIC\u7d4c\u55b6\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u5c0e\u5165\u76ee\u7684<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8904\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-1.jpeg\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1000\" height=\"563\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-1.jpeg 1000w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-1-300x169.jpeg 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>\u7d4c\u55b6\u306bROIC\u3092\u5c0e\u5165\u3059\u308b\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u4e3b\u306b\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<ul>\n<li>ROE\u3084ROA\u306e\u554f\u984c\u70b9\u3092\u89e3\u6c7a\u3067\u304d\u308b<\/li>\n<li>\u4e8b\u696d\u3084\u90e8\u9580\u3054\u3068\u306b\u5206\u3051\u3066\u7b97\u51fa\u3067\u304d\u308b<\/li>\n<li>\u3055\u3089\u306a\u308b\u8cc7\u91d1\u8abf\u9054\u306b\u3064\u306a\u304c\u308b<\/li>\n<\/ul>\n<h3>ROE\u3084ROA\u306e\u554f\u984c\u70b9\u3092\u89e3\u6c7a\u3067\u304d\u308b<\/h3>\n<p>ROE\u3084ROA\u306e\u554f\u984c\u70b9\u3092\u89e3\u6c7a\u3067\u304d\u308b\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002ROE\u3068ROA\u306e\u554f\u984c\u70b9\u306f\u3001\u305d\u308c\u305e\u308c\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p>ROE\uff1a\u8ca0\u50b5\u6bd4\u7387\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044<br 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loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8906\" src=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-3.jpeg\" alt=\"ROIC\u7d4c\u55b6\u3068\u306f\uff1f\u610f\u5473\u3084WACC\u30fbROE\u30fbROA\u3068\u306e\u9055\u3044\u30fb\u8a08\u7b97\u5f0f\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac\" width=\"1000\" height=\"667\" srcset=\"https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-3.jpeg 1000w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-3-300x200.jpeg 300w, https:\/\/biz.moneyforward.com\/ipo\/wp-content\/uploads\/2024\/07\/erp-247-3-768x512.jpeg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" 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