Tri Chemical Laboratories (TSE:4369) ROCE % : 11.59% (As of Jan. 2024)

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What is Tri Chemical Laboratories 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. Tri Chemical Laboratories's annualized ROCE % for the quarter that ended in Jan. 2024 was 11.59%.

Tri Chemical Laboratories ROCE % Historical Data

The historical data trend for Tri Chemical Laboratories'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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Tri Chemical Laboratories ROCE % Chart

Tri Chemical Laboratories Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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36.63

30.40

25.73

23.34

11.43

Tri Chemical Laboratories Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															18.46	8.67	7.50	11.59	14.65

Tri Chemical Laboratories ROCE % Calculation

Tri Chemical Laboratories's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	3300.443	/	( ( (32115.559 - 3675.67)	+	(31864.933 - 2553.693) )	/ 2 )
	=	3300.443	/	( (28439.889	+	29311.24)	/ 2 )
	=	3300.443	/	28875.5645
	=	11.43 %

Tri Chemical Laboratories'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 )
	=	3371.564	/	( ( (31603.621 - 2755.497)	+	(31864.933 - 2553.693) )	/ 2 )
	=	3371.564	/	( ( 28848.124	+	29311.24 )	/ 2 )
	=	3371.564	/	29079.682
	=	11.59 %

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

Tri Chemical Laboratories (TSE:4369) 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.

Tri Chemical Laboratories ROCE % Related Terms

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Tri Chemical Laboratories (TSE:4369) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tri Chemical Laboratories Inc (TSE:4369) » Definitions » ROCE %

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22E:Germany

Address

8154-217 Uenohara, Uenohara-shi, Yamanashi, JPN, 409-0112

Website

http://www.trichemical.com

Tri Chemical Laboratories Inc is engaged in the manufacturing of high-purity chemical compounds for the semiconductor industry.

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