Takara Holdings (FRA:TAX) ROCE % : 9.67% (As of Dec. 2023)

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What is Takara 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. Takara Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.67%.

Takara Holdings ROCE % Historical Data

The historical data trend for Takara 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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Takara Holdings ROCE % Chart

Takara Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.99

7.20

8.39

15.40

12.46

Takara 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															20.03	4.13	9.00	6.24	9.67

Takara Holdings ROCE % Calculation

Takara 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 )
	=	279.618	/	( ( (2775.349 - 606.094)	+	(2789.29 - 471.345) )	/ 2 )
	=	279.618	/	( (2169.255	+	2317.945)	/ 2 )
	=	279.618	/	2243.6
	=	12.46 %

Takara 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 )
	=	213.916	/	( ( (2667.324 - 487.035)	+	(2768.817 - 522.515) )	/ 2 )
	=	213.916	/	( ( 2180.289	+	2246.302 )	/ 2 )
	=	213.916	/	2213.2955
	=	9.67 %

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

Takara Holdings (FRA:TAX) 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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Takara Holdings (FRA:TAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Takara Holdings Inc (FRA:TAX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2531:Japan

Address

20 Naginataboko-cho, Shijo-dori Karasuma Higashi-iru, Shimogyo-ku, Kyoto, JPN, 600-8688

Website

http://www.takara.co.jp

Takara Holdings Inc operates three businesses: Alcoholic Beverages and Seasonings, Biomedical, and Health Foods. Roughly 80% of the company's sales come from Japan. The Alcoholic Beverages and Seasonings business, which manufactures shochu, sake, light-alcohol refreshers, seasonings, and raw alcohol, generates the vast majority of the company's revenue. Most remaining revenue comes from the biomedical business, which primarily manufactures and sells reagents and other instruments for biomedical researchers but also provides contract research services and develops health food ingredients. Takara's foods business develops and sells health food products that are largely based on seaweed, algae, and herbs.

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