Techno Alpha Co (TSE:3089) ROCE % : 9.55% (As of May. 2024)

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What is Techno Alpha 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. Techno Alpha Co's annualized ROCE % for the quarter that ended in May. 2024 was 9.55%.

Techno Alpha Co ROCE % Historical Data

The historical data trend for Techno Alpha 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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Techno Alpha Co ROCE % Chart

Techno Alpha Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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19.82

-0.13

10.65

19.23

12.50

Techno Alpha Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															19.76	-6.55	16.92	17.43	9.55

Techno Alpha Co ROCE % Calculation

Techno Alpha Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	238.383	/	( ( (2771.195 - 933.933)	+	(2973.888 - 996.425) )	/ 2 )
	=	238.383	/	( (1837.262	+	1977.463)	/ 2 )
	=	238.383	/	1907.3625
	=	12.50 %

Techno Alpha Co's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	186.104	/	( ( (2878.258 - 947.015)	+	(2651.191 - 683.029) )	/ 2 )
	=	186.104	/	( ( 1931.243	+	1968.162 )	/ 2 )
	=	186.104	/	1949.7025
	=	9.55 %

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

Techno Alpha Co (TSE:3089) 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.

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Techno Alpha Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Techno Alpha Co Ltd (TSE:3089) » Definitions » ROCE %

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Address

Meiji Yasuda Life Gotanda Building 2F, Nishi-Gotanda 2-27-4, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

https://www.technoalpha.co.jp

Techno Alpha Co Ltd Is engaged in the import and sale of semiconductor manufacturing equipment, electronic materials, environmental equipment, marine equipment dealers, and other manufacturing and technical services of in house developed products.

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