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Tohpe (TSE:4614) ROCE % : 2.95% (As of Mar. 2013)


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What is Tohpe 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. Tohpe's annualized ROCE % for the quarter that ended in Mar. 2013 was 2.95%.

Tohpe ROCE % Historical Data

The historical data trend for Tohpe'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.

* Premium members only.

Tohpe ROCE % Chart

Tohpe Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
ROCE %
Get a 7-Day Free Trial -15.45 -0.75 0.80 -2.38 3.75

Tohpe Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
ROCE % Get a 7-Day Free Trial Premium Member Only -0.04 2.13 5.95 1.24 2.95

Tohpe ROCE % Calculation

Tohpe's annualized ROCE % for the fiscal year that ended in Mar. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2013 )  (A: Mar. 2012 )(A: Mar. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2013 )  (A: Mar. 2012 )(A: Mar. 2013 )
=219.018/( ( (14993.428 - 7600.383) + (15343.076 - 11058.215) )/ 2 )
=219.018/( (7393.045+4284.861)/ 2 )
=219.018/5838.953
=3.75 %

Tohpe's ROCE % of for the quarter that ended in Mar. 2013 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2013 )  (Q: Dec. 2012 )(Q: Mar. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2013 )  (Q: Dec. 2012 )(Q: Mar. 2013 )
=176.26/( ( (15224.577 - 7565.29) + (15343.076 - 11058.215) )/ 2 )
=176.26/( ( 7659.287 + 4284.861 )/ 2 )
=176.26/5972.074
=2.95 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2013) EBIT data.

* 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.

Tohpe  (TSE:4614) 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.

Tohpe ROCE % Related Terms

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