THKLY (THK Co) ROCE % : 6.05% (As of Jun. 2024)

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What is THK 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. THK Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.05%.

THK Co ROCE % Historical Data

The historical data trend for THK 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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THK Co ROCE % Chart

THK Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.13

-2.00

7.38

7.75

5.39

THK Co 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															3.11	4.28	2.55	6.05	4.16

THK Co ROCE % Calculation

THK Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	181.641	/	( ( (4153.021 - 764.646)	+	(3864.045 - 511.475) )	/ 2 )
	=	181.641	/	( (3388.375	+	3352.57)	/ 2 )
	=	181.641	/	3370.4725
	=	5.39 %

THK Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	196.096	/	( ( (3792.753 - 541.702)	+	(3717.066 - 481.895) )	/ 2 )
	=	196.096	/	( ( 3251.051	+	3235.171 )	/ 2 )
	=	196.096	/	3243.111
	=	6.05 %

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

THK Co (OTCPK:THKLY) 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.

THK Co ROCE % Related Terms

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THK Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » THK Co Ltd (OTCPK:THKLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

THKLF:USA 6481:Japan 1TK:Germany

Address

3-11-6, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8503

Website

http://www.thk.com

THK Co Ltd is a Japan-based company that primarily manufactures machinery parts, including linear motion guides and ball screws, and transportation-equipment-related parts. The company operates through two segments. The industrial machinery segment provides products that are essential components in the production of machine tools and semiconductor production equipment. This segment also manufactures and sells electric actuators and unit products. The automotive and transportation segment develops and provides automotive components that support vehicles' basic functions. The company generates the majority of its revenue from the Japanese domestic market.