Toho Holdings Co (TSE:8129) ROCE % : 9.76% (As of Dec. 2023)

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What is Toho Holdings 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 Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.76%.

Toho Holdings Co ROCE % Historical Data

The historical data trend for Toho Holdings 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 Holdings Co ROCE % Chart

Toho Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.08

8.73

3.45

6.66

7.13

Toho Holdings 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															11.89	8.62	3.51	14.18	9.76

Toho Holdings Co ROCE % Calculation

Toho Holdings Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	20492	/	( ( (702376 - 402819)	+	(715288 - 440188) )	/ 2 )
	=	20492	/	( (299557	+	275100)	/ 2 )
	=	20492	/	287328.5
	=	7.13 %

Toho Holdings 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 )
	=	29036	/	( ( (801379 - 502754)	+	(804873 - 508471) )	/ 2 )
	=	29036	/	( ( 298625	+	296402 )	/ 2 )
	=	29036	/	297513.5
	=	9.76 %

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

Toho Holdings Co (TSE:8129) 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 Holdings Co ROCE % Related Terms

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Toho Holdings Co (TSE:8129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Toho Holdings Co Ltd (TSE:8129) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655

Website

http://www.tohohd.co.jp

Toho Holdings Co., Ltd. is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

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