Toa (Construction) (TSE:1885) ROCE % : 28.12% (As of Sep. 2024)

View and export this data going back to 1961. Start your Free Trial

What is Toa (Construction) 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. Toa (Construction)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 28.12%.

Toa (Construction) ROCE % Historical Data

The historical data trend for Toa (Construction)'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.

* Premium members only.

Toa (Construction) ROCE % Chart

Toa (Construction) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

8.36

10.34

10.11

7.07

15.37

Toa (Construction) 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															23.01	12.54	7.38	28.12	26.09

Toa (Construction) ROCE % Calculation

Toa (Construction)'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 )
	=	16627	/	( ( (226928 - 122249)	+	(272936 - 161276) )	/ 2 )
	=	16627	/	( (104679	+	111660)	/ 2 )
	=	16627	/	108169.5
	=	15.37 %

Toa (Construction)'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 )
	=	31688	/	( ( (0 - 0)	+	(271473 - 158798) )	/ 1 )
	=	31688	/	( ( 0	+	112675 )	/ 1 )
	=	31688	/	112675
	=	28.12 %

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

Toa (Construction) (TSE:1885) 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.

Toa (Construction) ROCE % Related Terms

Thank you for viewing the detailed overview of Toa (Construction)'s ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Toa (Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toa Corporation (Construction) (TSE:1885) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-1, Nishi-shinjuku, Shinjuku-ku, Tokyo, JPN, 163-1031

Website

https://www.toa-const.co.jp

Toa Corporation (Construction) is a Japan-based engineering and construction company. The company's business activities encompass Contracting, planning, designing, execution and supervision of civil engineering and architectural works; including consulting services, Dredging, reclamation and land preparation, Planning, designing, supervision and contract works for regional, urban and ocean development.

Toa (Construction) Headlines

No Headlines