TOKYO TEKKO Co (TSE:5445) ROCE % : 0.00% (As of Sep. 2024)

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What is TOKYO TEKKO 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 TEKKO Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

TOKYO TEKKO Co ROCE % Historical Data

The historical data trend for TOKYO TEKKO 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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TOKYO TEKKO Co ROCE % Chart

TOKYO TEKKO Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.76

14.63

-10.26

10.28

19.79

TOKYO TEKKO Co 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															19.60	15.55	21.75	23.24	-

TOKYO TEKKO Co ROCE % Calculation

TOKYO TEKKO Co'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 )
	=	11419	/	( ( (69773 - 15267)	+	(77903 - 16980) )	/ 2 )
	=	11419	/	( (54506	+	60923)	/ 2 )
	=	11419	/	57714.5
	=	19.79 %

TOKYO TEKKO Co'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	/	( ( (77903 - 16980)	+	(74597 - 12536) )	/ 2 )
	=	0	/	( ( 60923	+	62061 )	/ 2 )
	=	0	/	61492
	=	0.00 %

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

TOKYO TEKKO Co (TSE:5445) 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 TEKKO Co ROCE % Related Terms

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TOKYO TEKKO Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TOKYO TEKKO Co Ltd (TSE:5445) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-21, Ageba-cho, Shinjyuku-ku, Tokyo, JPN, 1620824

Website

http://www.tokyotekko.co.jp

TOKYO TEKKO Co Ltd is engaged in the production and sale of steel bars and processed products. It operates through Steel Business and Others segment. The firm's steel business provides reinforced concrete steel bars, mechanical joints, and steel reinforced products. Additionally, it is engaged in the provision of freight transportation and equipment maintenance services.

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