Tobu Railway Co (TSE:9001) ROCE % : 7.04% (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Tobu Railway 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. Tobu Railway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.04%.

Tobu Railway Co ROCE % Historical Data

The historical data trend for Tobu Railway 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.

* Premium members only.

Tobu Railway Co ROCE % Chart

Tobu Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

4.76

-1.25

2.32

3.97

5.66

Tobu Railway Co 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															1.41	7.71	4.93	7.04	3.19

Tobu Railway Co ROCE % Calculation

Tobu Railway Co'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 )
	=	73493	/	( ( (1738195 - 459439)	+	(1704063 - 386322) )	/ 2 )
	=	73493	/	( (1278756	+	1317741)	/ 2 )
	=	73493	/	1298248.5
	=	5.66 %

Tobu Railway 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 )
	=	90104	/	( ( (1722616 - 445938)	+	(1723847 - 441389) )	/ 2 )
	=	90104	/	( ( 1276678	+	1282458 )	/ 2 )
	=	90104	/	1279568
	=	7.04 %

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

Tobu Railway Co (TSE:9001) 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.

Tobu Railway Co ROCE % Related Terms

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

Tobu Railway Co (TSE:9001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tobu Railway Co Ltd (TSE:9001) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2 1-2 Oshiage, Sumida-ku, Tokyo, JPN, 131-8522

Website

http://www.tobu.co.jp

Tobu Railway is a transportation and industrial company domiciled in Japan. The company organises itself into five segments: transportation, leisure, real estate, retail distribution, and others. Transportation, which contributes the most significant portion of revenue, operates passenger transportation services through rail, bus, and taxi, and freight and delivery services. Retail distribution, the next most significant segment, operates department stores and a chain of supermarkets. The leisure segment operates hotels, theme parks, golf courses, and related leisure businesses. The real estate segment leases real estate and operates bicycle and parking lot businesses.

Tobu Railway Co (TSE:9001) Headlines

No Headlines