Tokyo Base Co (TSE:3415) ROCE % : 29.29% (As of Jan. 2024)

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What is Tokyo Base 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 Base Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 29.29%.

Tokyo Base Co ROCE % Historical Data

The historical data trend for Tokyo Base 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 Base Co ROCE % Chart

Tokyo Base Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Jan23

ROCE %

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38.01

24.89

20.30

-0.67

-2.83

Tokyo Base Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															12.56	5.98	21.24	-3.97	29.29

Tokyo Base Co ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Feb. 2021 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Feb. 2021 )		(A: Jan. 2023 )
	=	-153.628	/	( ( (7556.924 - 3315.925)	+	(11195.631 - 4588.425) )	/ 2 )
	=	-153.628	/	( (4240.999	+	6607.206)	/ 2 )
	=	-153.628	/	5424.1025
	=	-2.83 %

Tokyo Base Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	2040.816	/	( ( (11760.998 - 5384.4)	+	(11888.137 - 4329.691) )	/ 2 )
	=	2040.816	/	( ( 6376.598	+	7558.446 )	/ 2 )
	=	2040.816	/	6967.522
	=	29.29 %

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

Tokyo Base Co (TSE:3415) 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 Base Co ROCE % Related Terms

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Tokyo Base Co (TSE:3415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Base Co Ltd (TSE:3415) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-5 Shibuya, MFPR Shibuya Building, 2nd Floor, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.tokyobase.co.jp

Tokyo Base Co Ltd is engaged in the retail sale of apparel goods for men and women. The company operates its stores under the STUDIOUS, UNITED TOKYO, CITY, and PUBLIC TOKYO brand names. The company products include tops, bottoms, shoes, bags, accessories and other goods.

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