Tomoe Engineering Co (TSE:6309) ROCE % : 12.32% (As of Jan. 2024)

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What is Tomoe Engineering 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. Tomoe Engineering Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 12.32%.

Tomoe Engineering Co ROCE % Historical Data

The historical data trend for Tomoe Engineering 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.

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Tomoe Engineering Co ROCE % Chart

Tomoe Engineering Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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8.31

7.69

9.52

11.50

11.07

Tomoe Engineering Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															6.29	17.25	9.73	11.26	12.32

Tomoe Engineering Co ROCE % Calculation

Tomoe Engineering Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	4024.026	/	( ( (45742.272 - 10675.412)	+	(49007.016 - 11359.356) )	/ 2 )
	=	4024.026	/	( (35066.86	+	37647.66)	/ 2 )
	=	4024.026	/	36357.26
	=	11.07 %

Tomoe Engineering Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	4668.868	/	( ( (49007.016 - 11359.356)	+	(47743.726 - 9622.906) )	/ 2 )
	=	4668.868	/	( ( 37647.66	+	38120.82 )	/ 2 )
	=	4668.868	/	37884.24
	=	12.32 %

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

Tomoe Engineering Co (TSE:6309) 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.

Tomoe Engineering Co ROCE % Related Terms

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Tomoe Engineering Co (TSE:6309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tomoe Engineering Co Ltd (TSE:6309) » Definitions » ROCE %

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Address

12F Art-Village Osaki Centraltower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.tomo-e.co.jp

Tomoe Engineering Co Ltd is engaged in the manufacture and distribution of machinery. The product line includes - HED type centrifugal dehydrator, Tomoe belt concentrator, and rotary pressurized dehydrator, and others. The company is also involved in the import and export of synthetic resins, industrial chemicals, inorganic materials, electronic materials, liquors, and related products.

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