Taisei (FRA:TKK1) ROCE % : 9.82% (As of Mar. 2024)

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What is Taisei 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. Taisei's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.82%.

Taisei ROCE % Historical Data

The historical data trend for Taisei'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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Taisei ROCE % Chart

Taisei Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.49

13.35

10.09

6.50

4.82

Taisei Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-1.13	9.46	2.86	9.82	10.31

Taisei ROCE % Calculation

Taisei'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 )
	=	357.226	/	( ( (14092.122 - 7145.939)	+	(15865.518 - 7999.647) )	/ 2 )
	=	357.226	/	( (6946.183	+	7865.871)	/ 2 )
	=	357.226	/	7406.027
	=	4.82 %

Taisei's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	720.46	/	( ( (13506.101 - 6700.399)	+	(15865.518 - 7999.647) )	/ 2 )
	=	720.46	/	( ( 6805.702	+	7865.871 )	/ 2 )
	=	720.46	/	7335.7865
	=	9.82 %

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

Taisei (FRA:TKK1) 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.

Taisei ROCE % Related Terms

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Taisei Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taisei Corp (FRA:TKK1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TISCY:USA 1801:Japan TKK1:Germany

Address

Shinjuku Center Building, 1-25-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0606

Website

http://www.taisei.co.jp

Taisei Corp provides civil engineering and building development services in many different areas. It enters contracts to develop and enhance urbanization in designated regions. The company has four operating segments: civil engineering (majority of total revenue), building construction, real estate development, and other. It participates in all phases of project development, including planning, design, construction, and aftermarket services. Multiple projects are conducted simultaneously as the company showcases its expansive network and technical know-how. Taisei's projects range from traffic infrastructure and tunnels to airport facilities and high-rise building offices. Customers in Japan account for majority of total sales.

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