TOKYO PRINTING INK MFG Co (TSE:4635) ROCE % : 6.26% (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is TOKYO PRINTING INK MFG 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. TOKYO PRINTING INK MFG Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

TOKYO PRINTING INK MFG Co ROCE % Historical Data

The historical data trend for TOKYO PRINTING INK MFG 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.

* Premium members only.

TOKYO PRINTING INK MFG Co ROCE % Chart

TOKYO PRINTING INK MFG Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

5.11

3.03

3.12

3.16

8.94

TOKYO PRINTING INK MFG Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															57.97	-25.26	5.73	1.56	6.26

TOKYO PRINTING INK MFG Co ROCE % Calculation

TOKYO PRINTING INK MFG Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	2784	/	( ( (47309 - 16322)	+	(47797 - 16498) )	/ 2 )
	=	2784	/	( (30987	+	31299)	/ 2 )
	=	2784	/	31143
	=	8.94 %

TOKYO PRINTING INK MFG Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2016	/	( ( (50104 - 18044)	+	(51186 - 18819) )	/ 2 )
	=	2016	/	( ( 32060	+	32367 )	/ 2 )
	=	2016	/	32213.5
	=	6.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

TOKYO PRINTING INK MFG Co (TSE:4635) 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.

TOKYO PRINTING INK MFG Co ROCE % Related Terms

Thank you for viewing the detailed overview of TOKYO PRINTING INK MFG Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TOKYO PRINTING INK MFG Co (TSE:4635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOKYO PRINTING INK MFG Co Ltd (TSE:4635) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-4 Oji, Kita-ku, Tokyo, JPN

Website

http://www.tokyoink.co.jp

TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.

TOKYO PRINTING INK MFG Co (TSE:4635) Headlines

No Headlines