TOYO (FRA:TOY) ROCE % : 2.82% (As of Sep. 2024)

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What is TOYO 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. TOYO's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.82%.

TOYO ROCE % Historical Data

The historical data trend for TOYO'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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TOYO ROCE % Chart

TOYO Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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7.05

7.70

7.84

6.67

11.36

TOYO Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.51	35.22	-3.31	2.82	-0.99

TOYO ROCE % Calculation

TOYO's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	20.967	/	( ( (253.223 - 68.608)	+	(246.652 - 62.292) )	/ 2 )
	=	20.967	/	( (184.615	+	184.36)	/ 2 )
	=	20.967	/	184.4875
	=	11.36 %

TOYO'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 )
	=	5.148	/	( ( (227.121 - 45.892)	+	(246.652 - 62.292) )	/ 2 )
	=	5.148	/	( ( 181.229	+	184.36 )	/ 2 )
	=	5.148	/	182.7945
	=	2.82 %

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

TOYO (FRA:TOY) 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.

TOYO ROCE % Related Terms

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TOYO Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TOYO Corp (FRA:TOY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8151:Japan TOY:Germany

Address

1-6, Yaesu 1-chome, Chuo-ku, Tokyo, JPN, 103-8284

Website

http://www.toyo.co.jp

TOYO Corporation is a Japanese company engaged in the development, manufacture, inspection, and installation of electronic measuring instruments. It manufactures products for the areas including information and communications technologies, mechatronics, materials, energy, electromagnetic compatibility, antenna systems, ocean, defense and security, software quality and productivity and medical systems. Its products include automatic radiated immunity measurement system, motor torque test system, noise and vibration analysis system, engine test bench measurement system, precision gear noise measurement system, among others. The company also offers maintenance, repair, calibration, technical support service, seminars, and operation training for its products.

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