Towa Hi System Co (TSE:4172) ROCE % : 21.36% (As of Mar. 2024)

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What is Towa Hi System 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. Towa Hi System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.36%.

Towa Hi System Co ROCE % Historical Data

The historical data trend for Towa Hi System 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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Towa Hi System Co ROCE % Chart

Towa Hi System Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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15.38

14.88

19.30

11.59

6.22

Towa Hi System Co Quarterly Data
	Sep18	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													16.02	-7.19	-3.61	5.89	21.36

Towa Hi System Co ROCE % Calculation

Towa Hi System Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	230.931	/	( ( (4045.753 - 408.417)	+	(4061.635 - 278.804) )	/ 2 )
	=	230.931	/	( (3637.336	+	3782.831)	/ 2 )
	=	230.931	/	3710.0835
	=	6.22 %

Towa Hi System Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	823.492	/	( ( (3999.691 - 244.964)	+	(4368.186 - 413.883) )	/ 2 )
	=	823.492	/	( ( 3754.727	+	3954.303 )	/ 2 )
	=	823.492	/	3854.515
	=	21.36 %

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

Towa Hi System Co (TSE:4172) 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.

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Towa Hi System Co (TSE:4172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Towa Hi System Co Ltd (TSE:4172) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-12-33 Noda, Kita-ku, Okayama, JPN, 700-0971

Website

https://www.towa-hi-sys.co.jp

Towa Hi System Co Ltd is involved in the research and development, sales and support of integrated electronic medical record system for dental clinics.

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