Toyoda Gosei Co (Toyoda Gosei Co) ROCE % : 7.91% (As of Mar. 2024)

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What is Toyoda Gosei Co 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. Toyoda Gosei Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.91%.

Toyoda Gosei Co ROCE % Historical Data

The historical data trend for Toyoda Gosei Co'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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Toyoda Gosei Co ROCE % Chart

Toyoda Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.22

7.20

6.24

5.57

10.71

Toyoda Gosei Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.62	10.27	10.50	15.29	7.91

Toyoda Gosei Co ROCE % Calculation

Toyoda Gosei Co'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 )
	=	524.247	/	( ( (6473.681 - 1466.712)	+	(6229.847 - 1447.791) )	/ 2 )
	=	524.247	/	( (5006.969	+	4782.056)	/ 2 )
	=	524.247	/	4894.5125
	=	10.71 %

Toyoda Gosei Co'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 )
	=	385.264	/	( ( (6203.783 - 1241.597)	+	(6229.847 - 1447.791) )	/ 2 )
	=	385.264	/	( ( 4962.186	+	4782.056 )	/ 2 )
	=	385.264	/	4872.121
	=	7.91 %

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

Toyoda Gosei Co (OTCPK:TGOSY) 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.

Toyoda Gosei Co ROCE % Related Terms

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Toyoda Gosei Co (Toyoda Gosei Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyoda Gosei Co Ltd (OTCPK:TGOSY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TGOSF:USA 7282:Japan 11T:Germany

Address

1 Haruhinagahata, Aichi, Kiyosu, JPN, 452-8564

Website

http://www.toyoda-gosei.co.jp

Toyoda Gosei Co Ltd is a manufacturer of resins and rubber parts for automobiles. The company's products fall in three categories: automotive parts, LEDs, and general industry products. The automotive parts segment, making up the lion's share of Toyoda Gosei's generated revenue, produces weather strips, fuel tank and engine peripheral parts, chassis and drivetrain parts, interior and exterior parts, and safety systems such as airbags. In its other business segments, the company produces LEDs for crystal displays, LED light solutions and glass-encapsulated LEDs, air conditioning products, home construction components, and industrial and construction machinery parts.

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