TDK (TSE:6762) ROCE % : 14.67% (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is TDK 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. TDK's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.67%.

TDK ROCE % Historical Data

The historical data trend for TDK'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.

* Premium members only.

TDK ROCE % Chart

TDK Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

9.28

8.14

9.98

10.89

9.12

TDK 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															13.56	-2.41	6.02	11.69	14.67

TDK ROCE % Calculation

TDK'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 )
	=	187991	/	( ( (3041653 - 1062358)	+	(3147027 - 1004311) )	/ 2 )
	=	187991	/	( (1979295	+	2142716)	/ 2 )
	=	187991	/	2061005.5
	=	9.12 %

TDK'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 )
	=	343716	/	( ( (3417588 - 1024249)	+	(3314424 - 1021840) )	/ 2 )
	=	343716	/	( ( 2393339	+	2292584 )	/ 2 )
	=	343716	/	2342961.5
	=	14.67 %

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

TDK (TSE:6762) 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.

TDK ROCE % Related Terms

Thank you for viewing the detailed overview of TDK's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TDK (TSE:6762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TDK Corp (TSE:6762) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TTDKY:USA TTDKF:USA TDK:Germany

Address

Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, JPN

Website

http://www.tdk.co.jp

Founded in 1935, TDK has its origin in magnetic materials, being the first company to commercialize ferrite in the world, and it used to be known as one of the major cassette-tape manufacturers. TDK is now the only external supplier for magnetic recording heads for hard disk drives, and the company intends to expand its magnetic sensor business for handsets and automobiles by leveraging its expertise. It is also one of the global top suppliers of passive components for autos and polymer rechargeable batteries for smartphones. The company acquired InvenSense in 2017, making it one of the largest MEMS sensor companies in the world.

TDK (TSE:6762) Headlines

No Headlines