Totetsu Kogyo Co (TSE:1835) ROCE % : 9.58% (As of Sep. 2024)

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What is Totetsu Kogyo 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. Totetsu Kogyo Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.58%.

Totetsu Kogyo Co ROCE % Historical Data

The historical data trend for Totetsu Kogyo 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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Totetsu Kogyo Co ROCE % Chart

Totetsu Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.35

14.97

7.82

11.10

11.09

Totetsu Kogyo Co 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															14.40	17.74	7.69	9.58	17.93

Totetsu Kogyo Co ROCE % Calculation

Totetsu Kogyo 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 )
	=	12300.635	/	( ( (149700.578 - 43383.237)	+	(168117.929 - 52620.523) )	/ 2 )
	=	12300.635	/	( (106317.341	+	115497.406)	/ 2 )
	=	12300.635	/	110907.3735
	=	11.09 %

Totetsu Kogyo Co'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 )
	=	11175.864	/	( ( (0 - 0)	+	(150677.054 - 34020.111) )	/ 1 )
	=	11175.864	/	( ( 0	+	116656.943 )	/ 1 )
	=	11175.864	/	116656.943
	=	9.58 %

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

Totetsu Kogyo Co (TSE:1835) 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.

Totetsu Kogyo Co ROCE % Related Terms

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Totetsu Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Totetsu Kogyo Co Ltd (TSE:1835) » Definitions » ROCE %

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Address

4th Floor, JR Shinanomachi Building, 34 Shinanomachi, Shinjuku-ku, Tokyo, JPN, 160-8589

Website

http://www.totetsu.co.jp

Totetsu Kogyo Co Ltd is a construction company. Its operating segments are Civil Engineering, Railway track maintenance, Architectural and Environmental segment. It undertakes various projects such as construction, renovation, reinforcement of elevated bridges and railway platform edge doors for passenger protection along with building new railway tracks for the Shinkansen, public and private sectors. The company is also engaged in construction and maintenance of station buildings for railway lines, apartment houses, office buildings, hotels, shops, and schools. Additionally, it also provides environmental technology and services, like construction of solar power generation systems, greening of buildings, and implementing energy conservation systems for air conditioning.

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