Toyo Tanso Co (TSE:5310) ROCE % : 16.02% (As of Mar. 2024)

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What is Toyo Tanso 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. Toyo Tanso Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.02%.

Toyo Tanso Co ROCE % Historical Data

The historical data trend for Toyo Tanso 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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Toyo Tanso Co ROCE % Chart

Toyo Tanso Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.01

5.57

8.73

9.66

12.63

Toyo Tanso Co 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															13.39	15.40	10.88	11.02	16.02

Toyo Tanso Co ROCE % Calculation

Toyo Tanso 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 )
	=	10342	/	( ( (89432 - 11147)	+	(96612 - 11111) )	/ 2 )
	=	10342	/	( (78285	+	85501)	/ 2 )
	=	10342	/	81893
	=	12.63 %

Toyo Tanso Co'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 )
	=	13780	/	( ( (96612 - 11111)	+	(97723 - 11136) )	/ 2 )
	=	13780	/	( ( 85501	+	86587 )	/ 2 )
	=	13780	/	86044
	=	16.02 %

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

Toyo Tanso Co (TSE:5310) 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.

Toyo Tanso Co ROCE % Related Terms

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Toyo Tanso Co (TSE:5310) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Tanso Co Ltd (TSE:5310) » Definitions » ROCE %

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Traded in Other Exchanges

T9T:Germany

Address

Nishiyodogawa ku Takeshima 5-7-12, Osaka, JPN, 555-0011

Website

http://www.toyotanso.co.jp

Toyo Tanso Co Ltd is a Japanese corporation engaged in the manufacture of electronic materials such as special graphite and other carbon products which are employed in processes like single crystal silicon pulling furnaces, heaters, and metal-organic chemical vapor deposition devices. Its portfolio of carbon products includes bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes and motor brushes. Toyo attends to various industries ranging from the living space to advanced aerospace and medical fields such as aerospace and medical care, especially solar cells, nuclear power and other environmental and energy fields.

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