Tanaka Co (TSE:7619) ROCE % : 15.62% (As of Dec. 2023)

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What is Tanaka 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. Tanaka Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.62%.

Tanaka Co ROCE % Historical Data

The historical data trend for Tanaka 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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Tanaka Co ROCE % Chart

Tanaka Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.26

9.80

7.51

7.34

8.81

Tanaka 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															12.27	2.61	12.67	8.08	15.62

Tanaka Co ROCE % Calculation

Tanaka 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 )
	=	1350.714	/	( ( (25242.038 - 10358.023)	+	(27672.226 - 11896.898) )	/ 2 )
	=	1350.714	/	( (14884.015	+	15775.328)	/ 2 )
	=	1350.714	/	15329.6715
	=	8.81 %

Tanaka 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 )
	=	2569.152	/	( ( (27907.188 - 11660.426)	+	(29255.707 - 12601.383) )	/ 2 )
	=	2569.152	/	( ( 16246.762	+	16654.324 )	/ 2 )
	=	2569.152	/	16450.543
	=	15.62 %

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

Tanaka Co (TSE:7619) 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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Tanaka Co (TSE:7619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tanaka Co Ltd (TSE:7619) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TDJ:Germany

Address

3 Chome-2-2 Minamioi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.tanakashoji.co.jp

Tanaka Co Ltd is a general trading company of electric construction material. The company has five major product lines, namely lighting fixtures, electric wire, distribution board, household appliances, and other. The lighting fixtures include fluorescent lighting equipment for residential use, facility use, and industrial use; incandescent lighting equipment for factories, street lamps, and tunnels; Electric wire products include communication cable, insulation cable for electric distribution and various accessories; Household appliances include home appliances, residential equipment, office equipment, photovoltaic generators; Other products include measuring equipment, power tool, and security equipment.

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