Toyota Tsusho (TSE:8015) ROCE % : 9.33% (As of Mar. 2024)

View and export this data going back to 1977. Start your Free Trial

What is Toyota Tsusho 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. Toyota Tsusho's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.33%.

Toyota Tsusho ROCE % Historical Data

The historical data trend for Toyota Tsusho'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.

* Premium members only.

Toyota Tsusho ROCE % Chart

Toyota Tsusho Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

9.76

8.57

10.98

13.32

13.00

Toyota Tsusho Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.51	15.12	13.28	13.89	9.33

Toyota Tsusho ROCE % Calculation

Toyota Tsusho's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	530529	/	( ( (6377064 - 2676775)	+	(7059994 - 2595607) )	/ 2 )
	=	530529	/	( (3700289	+	4464387)	/ 2 )
	=	530529	/	4082338
	=	13.00 %

Toyota Tsusho'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 )
	=	403928	/	( ( (6853143 - 2656281)	+	(7059994 - 2595607) )	/ 2 )
	=	403928	/	( ( 4196862	+	4464387 )	/ 2 )
	=	403928	/	4330624.5
	=	9.33 %

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

Toyota Tsusho (TSE:8015) 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.

Toyota Tsusho ROCE % Related Terms

Thank you for viewing the detailed overview of Toyota Tsusho's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Toyota Tsusho (TSE:8015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Toyota Tsusho Corp (TSE:8015) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TYHOF:USA 9TO:Germany

Address

9-8, Meieki 4-chome, Nakamura-ku, Nagoya, JPN, 450-8575

Website

http://www.toyota-tsusho.com

Toyota Tsusho Corporation is a trading company. The company has six major divisions. The Metal division processes and distributes various steel products, and others. Global Parts and Logistics division is engaged in warehousing and logistics services and others. Automobile division is engaged in automobile parts selling, used vehicles and parts exporting/importing, and others. Machinery, Energy and Plant Project division provides mechanical equipment, various industrial machineries, petroleum products and others. Chemical and Electronics division provides semiconductors, electronic devices, software, chemicals, resins and others. Food and Customer Services division manufactures and sells apparel, food and others. Asian market accounts for majority of the company's sales.

Toyota Tsusho (TSE:8015) Headlines

No Headlines