Toyota Industries (TSE:6201) ROCE %

: 6.61% (As of Dec. 2023)

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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. Toyota Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.61%.

Toyota Industries ROCE % Historical Data

The historical data trend for Toyota Industries'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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Toyota Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

4.97

4.75

4.03

4.38

4.41

Toyota Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																5.95	2.45	6.83	3.88	6.61

Toyota Industries ROCE % Calculation

Toyota Industries'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 )
	=	276943	/	( ( (7627120 - 1372721)	+	(7821185 - 1517112) )	/ 2 )
	=	276943	/	( (6254399	+	6304073)	/ 2 )
	=	276943	/	6279236
	=	4.41 %

Toyota Industries'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 )
	=	521520	/	( ( (9533665 - 1470828)	+	(9245855 - 1540454) )	/ 2 )
	=	521520	/	( ( 8062837	+	7705401 )	/ 2 )
	=	521520	/	7884119
	=	6.61 %

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

Toyota Industries (TSE:6201) 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.

Toyota Industries ROCE % Related Terms

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Toyota Industries (TSE:6201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Toyota Industries Corp (TSE:6201) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TYIDY:USA TYIDF:USA TAH:Germany

Address

2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671

Website

https://www.toyota-industries.com

Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (TSE:6201) Headlines

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