Toho Co (TSE:9602) ROCE % : 17.27% (As of Feb. 2024)

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What is Toho 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. Toho Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 17.27%.

Toho Co ROCE % Historical Data

The historical data trend for Toho 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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Toho Co ROCE % Chart

Toho Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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13.14

5.48

10.01

10.94

13.20

Toho Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															7.38	15.72	11.43	9.14	17.27

Toho Co ROCE % Calculation

Toho Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	67010	/	( ( (534097 - 65762)	+	(615826 - 69141) )	/ 2 )
	=	67010	/	( (468335	+	546685)	/ 2 )
	=	67010	/	507510
	=	13.20 %

Toho Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	90884	/	( ( (564677 - 58952)	+	(615826 - 69141) )	/ 2 )
	=	90884	/	( ( 505725	+	546685 )	/ 2 )
	=	90884	/	526205
	=	17.27 %

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

Toho Co (TSE:9602) 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.

Toho Co ROCE % Related Terms

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Toho Co (TSE:9602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toho Co Ltd (TSE:9602) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TKCOF:USA TOH:Germany

Address

1-2-2 Yurakucho Chiyoda-ku, Tokyo, JPN, 100-8415

Website

http://www.toho.co.jp

Toho is a diversified media company, with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.

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