TKP (TSE:3479) ROCE % : 8.19% (As of Nov. 2023)

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What is TKP 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. TKP's annualized ROCE % for the quarter that ended in Nov. 2023 was 8.19%.

TKP ROCE % Historical Data

The historical data trend for TKP'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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TKP ROCE % Chart

TKP Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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6.71

-2.35

-3.17

-3.09

7.30

TKP 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															-16.20	11.45	6.10	8.19	3.86

TKP ROCE % Calculation

TKP'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 )
	=	4687	/	( ( (72089 - 12467)	+	(79327 - 10584) )	/ 2 )
	=	4687	/	( (59622	+	68743)	/ 2 )
	=	4687	/	64182.5
	=	7.30 %

TKP's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	5236	/	( ( (73934 - 9830)	+	(74109 - 10372) )	/ 2 )
	=	5236	/	( ( 64104	+	63737 )	/ 2 )
	=	5236	/	63920.5
	=	8.19 %

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

TKP (TSE:3479) 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.

TKP ROCE % Related Terms

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TKP (TSE:3479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TKP Corp (TSE:3479) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Ichigaya Hachiman-cho, TKP Ichigaya Building 2nd Floor, Shinjuku-ku, Tokyo, JPN, 162-0844

Website

http://www.tkp.jp

TKP Corp is a Japan based real estate company. It offers conference rooms and banquet halls on a rental basis. The company is also intended to provide in-house production of services associated with conferences such as food and beverage catering, hotels and resorts, call center, and BPO among other services.

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