Tokyo Chuo Auction Holdings (HKSE:01939) ROCE % : 2.00% (As of Sep. 2023)

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What is Tokyo Chuo Auction Holdings 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 Chuo Auction Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.00%.

Tokyo Chuo Auction Holdings ROCE % Historical Data

The historical data trend for Tokyo Chuo Auction Holdings'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 Chuo Auction Holdings ROCE % Chart

Tokyo Chuo Auction Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.36

3.94

4.01

4.06

-2.38

Tokyo Chuo Auction Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										9.61	-1.77	6.91	-12.20	2.00

Tokyo Chuo Auction Holdings ROCE % Calculation

Tokyo Chuo Auction Holdings'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 )
	=	-7.442	/	( ( (581.081 - 252.247)	+	(466.001 - 168.455) )	/ 2 )
	=	-7.442	/	( (328.834	+	297.546)	/ 2 )
	=	-7.442	/	313.19
	=	-2.38 %

Tokyo Chuo Auction Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	5.866	/	( ( (466.001 - 168.455)	+	(435.973 - 146.506) )	/ 2 )
	=	5.866	/	( ( 297.546	+	289.467 )	/ 2 )
	=	5.866	/	293.5065
	=	2.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Tokyo Chuo Auction Holdings (HKSE:01939) 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 Chuo Auction Holdings ROCE % Related Terms

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Tokyo Chuo Auction Holdings (HKSE:01939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Chuo Auction Holdings Ltd (HKSE:01939) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-5 Kyobashi, Chou-Ku, 2nd and 3rd Floor, Kyobashi Square, Tokyo, JPN, 104-0031

Website

https://www.chuo-auction.com.hk

Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.

Tokyo Chuo Auction Holdings (HKSE:01939) Headlines

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