Tobila Systems (TSE:4441) ROCE % : 42.46% (As of Apr. 2024)

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What is Tobila Systems 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. Tobila Systems's annualized ROCE % for the quarter that ended in Apr. 2024 was 42.46%.

Tobila Systems ROCE % Historical Data

The historical data trend for Tobila Systems'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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Tobila Systems ROCE % Chart

Tobila Systems Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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58.53

38.98

34.82

26.34

34.98

Tobila Systems Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															34.80	30.90	40.81	41.79	42.46

Tobila Systems ROCE % Calculation

Tobila Systems's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	750.188	/	( ( (2667.177 - 710.635)	+	(3646.902 - 1314.354) )	/ 2 )
	=	750.188	/	( (1956.542	+	2332.548)	/ 2 )
	=	750.188	/	2144.545
	=	34.98 %

Tobila Systems's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	941.352	/	( ( (3452.691 - 1341.778)	+	(3830.883 - 1508.101) )	/ 2 )
	=	941.352	/	( ( 2110.913	+	2322.782 )	/ 2 )
	=	941.352	/	2216.8475
	=	42.46 %

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

Tobila Systems (TSE:4441) 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.

Tobila Systems ROCE % Related Terms

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Tobila Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tobila Systems Inc (TSE:4441) » Definitions » ROCE %

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Address

122-5-12 Pacific Square Nagoya 3rd Floor, Naka Ward, Aichi Prefecture, Nagoya, JPN, 460-0003

Website

https://www.tobila.com

Tobila Systems Inc develops telecommunication related systems. It develops and provides nuisance information filter systems for mobile, Fixed-line Telephone and other businesses. Geographically, the activities are carried out through Japan.

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