Toda Kogyo (TSE:4100) ROCE % : 0.00% (As of Sep. 2024)

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What is Toda Kogyo 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. Toda Kogyo's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Toda Kogyo ROCE % Historical Data

The historical data trend for Toda Kogyo'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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Toda Kogyo ROCE % Chart

Toda Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-16.76

-14.41

15.77

14.10

-8.01

Toda Kogyo Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															9.81	4.23	10.15	-55.67	-

Toda Kogyo ROCE % Calculation

Toda Kogyo'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 )
	=	-2664	/	( ( (52016 - 17604)	+	(53714 - 21629) )	/ 2 )
	=	-2664	/	( (34412	+	32085)	/ 2 )
	=	-2664	/	33248.5
	=	-8.01 %

Toda Kogyo'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 )
	=	0	/	( ( (53714 - 21629)	+	(55669 - 21295) )	/ 2 )
	=	0	/	( ( 32085	+	34374 )	/ 2 )
	=	0	/	33229.5
	=	0.00 %

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

Toda Kogyo (TSE:4100) 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.

Toda Kogyo ROCE % Related Terms

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Toda Kogyo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toda Kogyo Corp (TSE:4100) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23 Kyobashi-cho, Taiju Seimei Hiroshima Ekimae Building, 9th Floor, Minami-ku, Hiroshima, JPN, 732-0828

Website

https://www.todakogyo.co.jp

Toda Kogyo Corp trades in functional pigments and electronic materials. It offers electronic printing materials, such as toner materials for printers and copying machines, carriers for color printers and copying machines, and magnetic materials for printers and copying machines. It also provides electromagnetic compatibility/immunity solutions, including electric-wave absorber materials/electromagnetic interference. In addition, the firm offers lithium cobaltate, lithium-nickel oxide, and lithium manganate battery materials for personal computers, mobile phones. Additionally, it offers pigments for colored pavements, reflective pigments, and pigments for coatings and resins; and magnetic recording materials for digital recording media used with computers and videotapes for broadcasting.

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