Top's (TSE:243A) ROCE % : -11.48% (As of Sep. 2024)

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What is Top's 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. Top's's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.48%.

Top's ROCE % Historical Data

The historical data trend for Top's'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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Top's ROCE % Chart

Top's Annual Data

Trend

Sep22

Sep23

Sep24

ROCE %

1.33

3.01

6.91

Top's Semi-Annual Data
	Sep22	Sep23	Mar24	Sep24
ROCE %	-	-	25.32	-11.48

Top's ROCE % Calculation

Top's's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	122.904	/	( ( (2011.446 - 285.276)	+	(2117.722 - 286.697) )	/ 2 )
	=	122.904	/	( (1726.17	+	1831.025)	/ 2 )
	=	122.904	/	1778.5975
	=	6.91 %

Top's'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-215.11	/	( ( (2294.764 - 379.712)	+	(2117.722 - 286.697) )	/ 2 )
	=	-215.11	/	( ( 1915.052	+	1831.025 )	/ 2 )
	=	-215.11	/	1873.0385
	=	-11.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Top's (TSE:243A) 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.

Top's ROCE % Related Terms

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Top's Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Top's Inc (TSE:243A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-16-11 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

https://www.akasaka-tops.co.jp

Top's Inc is engaged in manufacturing and selling of Western-style confectionery. The company is operating restaurants that serve light meals.

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