Toho Titanium Co (TSE:5727) ROCE % : -1.76% (As of Sep. 2024)

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What is Toho Titanium 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. Toho Titanium Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.76%.

Toho Titanium Co ROCE % Historical Data

The historical data trend for Toho Titanium 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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Toho Titanium Co ROCE % Chart

Toho Titanium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.01

-3.95

7.78

14.47

8.24

Toho Titanium Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.74	11.64	9.60	-1.76	15.69

Toho Titanium Co ROCE % Calculation

Toho Titanium 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 )
	=	6411	/	( ( (111429 - 34165)	+	(126002 - 47592) )	/ 2 )
	=	6411	/	( (77264	+	78410)	/ 2 )
	=	6411	/	77837
	=	8.24 %

Toho Titanium 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1340	/	( ( (0 - 0)	+	(118809 - 42842) )	/ 1 )
	=	-1340	/	( ( 0	+	75967 )	/ 1 )
	=	-1340	/	75967
	=	-1.76 %

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

Toho Titanium Co (TSE:5727) 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.

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Toho Titanium Co Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Titanium Co Ltd (TSE:5727) » Definitions » ROCE %

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TTNNF:USA 40A:Germany

Address

3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510

Website

http://www.toho-titanium.co.jp

Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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