Toagosei Co (Toagosei Co) ROCE % : 6.27% (As of Mar. 2024)

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What is Toagosei 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. Toagosei Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.27%.

Toagosei Co ROCE % Historical Data

The historical data trend for Toagosei 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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Toagosei Co ROCE % Chart

Toagosei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.42

5.99

8.38

7.10

7.28

Toagosei 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															5.43	7.97	6.86	9.77	6.27

Toagosei Co ROCE % Calculation

Toagosei 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 )
	=	119.633	/	( ( (1965.203 - 280.118)	+	(1891.111 - 288.093) )	/ 2 )
	=	119.633	/	( (1685.085	+	1603.018)	/ 2 )
	=	119.633	/	1644.0515
	=	7.28 %

Toagosei 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 )
	=	98.812	/	( ( (1891.111 - 288.093)	+	(1812.418 - 263.165) )	/ 2 )
	=	98.812	/	( ( 1603.018	+	1549.253 )	/ 2 )
	=	98.812	/	1576.1355
	=	6.27 %

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

Toagosei Co (OTCPK:TOAGF) 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.

Toagosei Co ROCE % Related Terms

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Toagosei Co (Toagosei Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toagosei Co Ltd (OTCPK:TOAGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4045:Japan

Address

1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419

Website

http://www.toagosei.co.jp

Toagosei Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into four segments based on product type. The acrylic products segment, which generates more revenue than any other segment, sells acrylate esters, acrylic polymers, and UV-curable resins, which are used in paints, textiles and cosmetics, and electronics. The commodity chemicals segment sells caustic soda, sulfuric acid, and sodium hypochlorite, which are used to make paper, fertilizers, and water treatment products. The specialty chemicals segment sells adhesives, electronic materials, and construction materials. The plastics segment sells piping equipment and nursing care products. The majority of revenue comes from Japan.

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