Toyo Seikan Group Holdings (FRA:TQN) ROCE % : 1.68% (As of Sep. 2024)

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What is Toyo Seikan Group Holdings 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 Seikan Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.68%.

Toyo Seikan Group Holdings ROCE % Historical Data

The historical data trend for Toyo Seikan Group Holdings'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 Seikan Group Holdings ROCE % Chart

Toyo Seikan Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.05

2.94

7.45

1.73

3.98

Toyo Seikan Group Holdings 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															5.41	1.55	7.35	1.68	7.73

Toyo Seikan Group Holdings ROCE % Calculation

Toyo Seikan Group Holdings'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 )
	=	232.458	/	( ( (8142.127 - 2032.73)	+	(7247.527 - 1661.524) )	/ 2 )
	=	232.458	/	( (6109.397	+	5586.003)	/ 2 )
	=	232.458	/	5847.7
	=	3.98 %

Toyo Seikan Group Holdings'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 )
	=	95.524	/	( ( (0 - 0)	+	(7528.481 - 1835.871) )	/ 1 )
	=	95.524	/	( ( 0	+	5692.61 )	/ 1 )
	=	95.524	/	5692.61
	=	1.68 %

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

Toyo Seikan Group Holdings (FRA:TQN) 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 Seikan Group Holdings ROCE % Related Terms

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Toyo Seikan Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Toyo Seikan Group Holdings Ltd (FRA:TQN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5901:Japan TQN:Germany

Address

2-18-1 Higashi-Gotanda, Osaki Forest Building, Shinagawa-ku, Tokyo, JPN, 141-8640

Website

http://www.toyo-seikan.co.jp

Toyo Seikan Group Holdings is a holding company that, through its subsidiaries, manufactures and sells packaging, steel plates, functional materials, and packaging machinery. The company also has a logistics business that engages in motor truck transportation and warehouse operations, as well as a real estate business. The vast majority of revenue comes from the firm's packaging business, which sells metal cans, plastic containers, caps, bottles, paper containers, and aerosol products. The packaging business also sells equipment that shapes and manufactures packaging products. The vast majority of revenue comes from Japan.

Toyo Seikan Group Holdings Headlines

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