Toei Animation Co (TSE:4816) ROCE % : 20.80% (As of Dec. 2023)

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What is Toei Animation 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. Toei Animation Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.80%.

Toei Animation Co ROCE % Historical Data

The historical data trend for Toei Animation 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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Toei Animation Co ROCE % Chart

Toei Animation Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.83

22.38

19.42

20.16

28.09

Toei Animation 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															26.80	24.82	13.70	33.42	20.80

Toei Animation Co ROCE % Calculation

Toei Animation 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 )
	=	29809	/	( ( (126883 - 29966)	+	(150508 - 35150) )	/ 2 )
	=	29809	/	( (96917	+	115358)	/ 2 )
	=	29809	/	106137.5
	=	28.09 %

Toei Animation 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 )
	=	25976	/	( ( (155503 - 32697)	+	(153111 - 26173) )	/ 2 )
	=	25976	/	( ( 122806	+	126938 )	/ 2 )
	=	25976	/	124872
	=	20.80 %

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

Toei Animation Co (TSE:4816) 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.

Toei Animation Co ROCE % Related Terms

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Toei Animation Co (TSE:4816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toei Animation Co Ltd (TSE:4816) » Definitions » ROCE %

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TOEAF:USA

Address

4-10-1, Nakano, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.toei-anim.co.jp

Toei Animation Co Ltd is a Japanese animation company. It is engaged in the planning and production of animation products for theaters and televisions (TVs), the sale of broadcasting rights, as well as the sale of packaged software rights of the Company's animation products with a focus on digital versatile discs (DVDs). The company develops characters into diverse types of merchandise such as toys, games, stationery goods, food products, clothing, and for campaigns and promotions. It produces works of animation mainly of television series along with other types of work such as theatrical features and original video animation.

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