Takayoshi Holdings (TSE:9259) ROCE % : 19.96% (As of Mar. 2024)

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What is Takayoshi Holdings 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. Takayoshi Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.96%.

Takayoshi Holdings ROCE % Historical Data

The historical data trend for Takayoshi Holdings'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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Takayoshi Holdings ROCE % Chart

Takayoshi Holdings Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

2.93

28.30

48.60

33.13

21.84

Takayoshi Holdings Quarterly Data
	Sep19	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									24.70	25.68	10.54	25.21	19.96

Takayoshi Holdings ROCE % Calculation

Takayoshi Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	847.549	/	( ( (6726.511 - 3144.711)	+	(7665.089 - 3484.026) )	/ 2 )
	=	847.549	/	( (3581.8	+	4181.063)	/ 2 )
	=	847.549	/	3881.4315
	=	21.84 %

Takayoshi Holdings'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 )
	=	850.536	/	( ( (8077.613 - 3826.621)	+	(7984.63 - 3713.447) )	/ 2 )
	=	850.536	/	( ( 4250.992	+	4271.183 )	/ 2 )
	=	850.536	/	4261.0875
	=	19.96 %

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

Takayoshi Holdings (TSE:9259) 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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Takayoshi Holdings (TSE:9259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Takayoshi Holdings Inc (TSE:9259) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3 Nakase, Mihama-ku, Chiba Makuhari Techno Garden B Building 14th Floor, Chiba-shi, JPN, 261-8501

Website

https://www.takayoshi-inc.com

Takayoshi Inc operates miscellaneous stores. It provides consignment sales system for local food producers such as farmers, restaurants and others.

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