Toyota Motor (BUE:TM) ROCE % : 6.20% (As of Sep. 2024)

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What is Toyota Motor 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. Toyota Motor's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.20%.

Toyota Motor ROCE % Historical Data

The historical data trend for Toyota Motor'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 Motor ROCE % Chart

Toyota Motor Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.93

9.05

9.67

9.48

18.96

Toyota Motor Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															15.26	13.51	14.76	12.16	6.20

Toyota Motor ROCE % Calculation

Toyota Motor'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 )
	=	39531951.74	/	( ( (109816857.844 - 35411413.295)	+	(506754798.002 - 164081017.527) )	/ 2 )
	=	39531951.74	/	( (74405444.549	+	342673780.475)	/ 2 )
	=	39531951.74	/	208539612.512
	=	18.96 %

Toyota Motor's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	23856476.852	/	( ( (533450013.712 - 171346930.502)	+	(592885934.273 - 185995836.559) )	/ 2 )
	=	23856476.852	/	( ( 362103083.21	+	406890097.714 )	/ 2 )
	=	23856476.852	/	384496590.462
	=	6.20 %

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

Toyota Motor (BUE:TM) 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 Motor ROCE % Related Terms

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Toyota Motor Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TOYOF:USA TM:USA TMN:Mexico 7203:Japan 7203:Japan 0LG5:UK TYT:UK TOMA:Germany TOM:Germany TOM:Germany TOMA:Germany TOM:Germany TMCO34:Brazil TOM:Bulgaria TOM:Austria

Address

1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571

Website

https://www.global.toyota

Founded in 1937, Toyota is one of the world's largest automakers, with 11.1 million units sold at retail in fiscal 2024, including 10.3 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 52% excluding mini-vehicles, while US share is around 15%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2024 sales excluding financial services were JPY 41.6 trillion. Toyota also has a financing arm and manufactures homes and boats.