Takuma Co (TSE:6013) ROCE % : 14.27% (As of Dec. 2023)

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What is Takuma 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. Takuma Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.27%.

Takuma Co ROCE % Historical Data

The historical data trend for Takuma 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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Takuma Co ROCE % Chart

Takuma Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.38

10.71

10.85

10.41

12.90

Takuma Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.31	14.92	4.86	5.33	14.27

Takuma Co ROCE % Calculation

Takuma Co'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 )
	=	14104	/	( ( (174535 - 68704)	+	(179688 - 66840) )	/ 2 )
	=	14104	/	( (105831	+	112848)	/ 2 )
	=	14104	/	109339.5
	=	12.90 %

Takuma Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16692	/	( ( (178662 - 62872)	+	(182485 - 64319) )	/ 2 )
	=	16692	/	( ( 115790	+	118166 )	/ 2 )
	=	16692	/	116978
	=	14.27 %

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

Takuma Co (TSE:6013) 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.

Takuma Co ROCE % Related Terms

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Takuma Co (TSE:6013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Takuma Co Ltd (TSE:6013) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2-2-33 Kinraku-cho, Amagasaki, Hyogo, JPN, 660-0806

Website

https://www.takuma.co.jp

Takuma Co Ltd develops a variety of technologies for waste and water treatment. It designs and constructs boilers, plant machinery, pollution-prevention plans, heating and cooling equipment, and sanitation equipment and facilities. Incinerators and recycling centers help sort, treat, and disperse resources in an efficient manner. The majority of customers are in Japan. The company works to provide solid waste treatment plants partnered with a selection of after-sales services and products. Takuma has four operating segments: domestic environment and energy, overseas environment and energy, package boiler, and equipment and system business. Cleaning systems, filters, and other equipment produce comfortable working conditions for customers.

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