Tosoh (TOSCF) ROCE % : 11.23% (As of Dec. 2023)

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What is Tosoh 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. Tosoh's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.23%.

Tosoh ROCE % Historical Data

The historical data trend for Tosoh'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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Tosoh ROCE % Chart

Tosoh Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.23

13.85

20.06

9.33

10.14

Tosoh 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															4.57	9.99	9.93	11.23	11.55

Tosoh ROCE % Calculation

Tosoh'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 )
	=	640.555	/	( ( (8934.704 - 2516.094)	+	(8610.072 - 2394.649) )	/ 2 )
	=	640.555	/	( (6418.61	+	6215.423)	/ 2 )
	=	640.555	/	6317.0165
	=	10.14 %

Tosoh'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 )
	=	688.616	/	( ( (8377.463 - 2325.334)	+	(8775.996 - 2560.28) )	/ 2 )
	=	688.616	/	( ( 6052.129	+	6215.716 )	/ 2 )
	=	688.616	/	6133.9225
	=	11.23 %

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

Tosoh (OTCPK:TOSCF) 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.

Tosoh ROCE % Related Terms

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Tosoh (TOSCF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

4042:Japan TOS:Germany

Address

3-8-2 Shiba, Minata-ku, Tokyo, JPN, 105-8623

Website

http://www.tosoh.com

Tosoh Corp manufactures and sells a variety of petrochemicals, plastics, and chemical-based products. The firm organizes itself into four segments, based on product type. The Petrochemical segment, which generates more revenue than any other segment, sells olefins and polymers, including ethylene and polyvinyl chloride, which are used to make plastics for a variety of end uses. The Chlor-Alkali segment sells caustic soda used to make soap, baking soda, and water treatment products. The Specialty segment sells battery materials, a variety of zirconia products, bromine used in electronics flame retardants, and clinical diagnostics equipment. The Engineering segment provides construction and water treatment services. The majority of revenue comes from Japan.

Tosoh (TOSCF) Headlines

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