Tabio (TSE:2668) ROCE % : 2.28% (As of Feb. 2024)

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What is Tabio 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. Tabio's annualized ROCE % for the quarter that ended in Feb. 2024 was 2.28%.

Tabio ROCE % Historical Data

The historical data trend for Tabio'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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Tabio ROCE % Chart

Tabio Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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0.90

-21.99

1.84

5.29

9.96

Tabio Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															11.17	21.85	-3.89	19.46	2.28

Tabio ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	534.864	/	( ( (7733.982 - 2373.095)	+	(7680.247 - 2297.042) )	/ 2 )
	=	534.864	/	( (5360.887	+	5383.205)	/ 2 )
	=	534.864	/	5372.046
	=	9.96 %

Tabio's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	123.88	/	( ( (8948.945 - 3461.765)	+	(7680.247 - 2297.042) )	/ 2 )
	=	123.88	/	( ( 5487.18	+	5383.205 )	/ 2 )
	=	123.88	/	5435.1925
	=	2.28 %

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

Tabio (TSE:2668) 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.

Tabio ROCE % Related Terms

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Tabio (TSE:2668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tabio Corp (TSE:2668) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Osaka-shi Nanbanaka chome 10 Number 70 Number, Namba Parks in Parks Tower 16F, Naniwa-ku, Osaka, JPN, 556-0011

Website

http://www.tabio.com

Tabio Corp is a Japan-based company engaged in the planning, manufacturing, wholesale, and retail of socks, hosiery, and tights. The company also offers pantyhose/stockings, leggings, leg warmers, rubber mouth looses, and other related products.

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