Tokyo Ohka Kogyo Co (TSE:4186) ROCE % : 14.55% (As of Dec. 2023)

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What is Tokyo Ohka Kogyo Co 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. Tokyo Ohka Kogyo Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.55%.

Tokyo Ohka Kogyo Co ROCE % Historical Data

The historical data trend for Tokyo Ohka Kogyo Co'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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Tokyo Ohka Kogyo Co ROCE % Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.32

9.01

14.63

16.46

10.72

Tokyo Ohka Kogyo Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.70	8.71	11.86	7.79	14.55

Tokyo Ohka Kogyo Co ROCE % Calculation

Tokyo Ohka Kogyo Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	21999	/	( ( (238075 - 40781)	+	(251864 - 38627) )	/ 2 )
	=	21999	/	( (197294	+	213237)	/ 2 )
	=	21999	/	205265.5
	=	10.72 %

Tokyo Ohka Kogyo Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	30480	/	( ( (245164 - 39479)	+	(251864 - 38627) )	/ 2 )
	=	30480	/	( ( 205685	+	213237 )	/ 2 )
	=	30480	/	209461
	=	14.55 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tokyo Ohka Kogyo Co (TSE:4186) 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.

Tokyo Ohka Kogyo Co ROCE % Related Terms

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Tokyo Ohka Kogyo Co (TSE:4186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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