TV Tokyo Holdings (TSE:9413) ROCE % : 12.75% (As of Dec. 2023)

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What is TV Tokyo 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. TV Tokyo Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.75%.

TV Tokyo Holdings ROCE % Historical Data

The historical data trend for TV Tokyo 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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TV Tokyo Holdings ROCE % Chart

TV Tokyo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.67

5.66

5.13

9.81

10.14

TV Tokyo Holdings 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															13.17	6.74	11.02	6.97	12.75

TV Tokyo Holdings ROCE % Calculation

TV Tokyo Holdings'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 )
	=	9752	/	( ( (134076 - 39836)	+	(139933 - 41841) )	/ 2 )
	=	9752	/	( (94240	+	98092)	/ 2 )
	=	9752	/	96166
	=	10.14 %

TV Tokyo Holdings'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 )
	=	12668	/	( ( (137567 - 39470)	+	(139300 - 38732) )	/ 2 )
	=	12668	/	( ( 98097	+	100568 )	/ 2 )
	=	12668	/	99332.5
	=	12.75 %

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

TV Tokyo Holdings (TSE:9413) 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.

TV Tokyo Holdings ROCE % Related Terms

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TV Tokyo Holdings (TSE:9413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Tokyo Holdings Corp (TSE:9413) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007

Website

http://www.txhd.co.jp

TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.

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