Trust Co (TSE:3347) ROCE % : 16.38% (As of Sep. 2024)

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What is Trust 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. Trust Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.38%.

Trust Co ROCE % Historical Data

The historical data trend for Trust 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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Trust Co ROCE % Chart

Trust Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.28

4.54

13.05

17.05

14.65

Trust 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															10.54	14.51	15.80	16.38	12.29

Trust Co ROCE % Calculation

Trust 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 )
	=	2989.997	/	( ( (39480.401 - 21409.394)	+	(50134.935 - 27393.734) )	/ 2 )
	=	2989.997	/	( (18071.007	+	22741.201)	/ 2 )
	=	2989.997	/	20406.104
	=	14.65 %

Trust 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 )
	=	4101.88	/	( ( (0 - 0)	+	(55268.023 - 30232.939) )	/ 1 )
	=	4101.88	/	( ( 0	+	25035.084 )	/ 1 )
	=	4101.88	/	25035.084
	=	16.38 %

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

Trust Co (TSE:3347) 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.

Trust Co ROCE % Related Terms

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Trust Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Trust Co Ltd (TSE:3347) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-32, Nishiki, 3-chome, Naka-ku, Nagoya, Aichi, JPN, 460-0003

Website

https://www.trust-ltd.co.jp

Trust Co Ltd operates as a second hand car exporter. The company is engaged in a B2C business model where it sells the products directly to customers. It is organized into segments based on the products and services it handles, with the reportable segments being the Used car export business which exports and sells used cars mainly to individual customers overseas using an internet website; the Rental car business segment which derives maximum revenue, provides rental car services and car leasing services nationwide in conjunction with the franchise business; and Overseas car dealer business segment which operates a car dealership in the Republic of South Africa, selling new and used cars and repairing cars. Geographically, it generates maximum revenue from Japan.

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