Toshiba Tec (TSE:6588) ROCE % : 7.31% (As of Dec. 2023)

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What is Toshiba Tec 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. Toshiba Tec's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.31%.

Toshiba Tec ROCE % Historical Data

The historical data trend for Toshiba Tec'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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Toshiba Tec ROCE % Chart

Toshiba Tec Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.70

6.97

0.20

5.70

3.18

Toshiba Tec 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															14.72	7.32	0.96	7.84	7.31

Toshiba Tec ROCE % Calculation

Toshiba Tec'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 )
	=	5294	/	( ( (310256 - 137014)	+	(310692 - 150546) )	/ 2 )
	=	5294	/	( (173242	+	160146)	/ 2 )
	=	5294	/	166694
	=	3.18 %

Toshiba Tec'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 )
	=	11232	/	( ( (326754 - 163665)	+	(300638 - 156449) )	/ 2 )
	=	11232	/	( ( 163089	+	144189 )	/ 2 )
	=	11232	/	153639
	=	7.31 %

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

Toshiba Tec (TSE:6588) 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.

Toshiba Tec ROCE % Related Terms

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Toshiba Tec (TSE:6588) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Toshiba Tec Corp (TSE:6588) » Definitions » ROCE %

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TSHTY:USA TECA:Germany

Address

1-11-1, Osaki, Shinagawa-ku, Gate City Ohsaki West Tower, Tokyo, JPN, 141-8562

Website

http://www.toshibatec.co.jp

Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.

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