Towa (TSE:6315) ROCE % : 17.70% (As of Sep. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Towa 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. Towa's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.70%.

Towa ROCE % Historical Data

The historical data trend for Towa'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.

Towa ROCE % Chart

Towa Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

2.14

11.11

28.32

20.60

15.52

Towa Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.89	11.33	31.35	15.04	17.70

Towa ROCE % Calculation

Towa'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 )
	=	9186.86	/	( ( (73468.553 - 19747.763)	+	(87861.833 - 23197.801) )	/ 2 )
	=	9186.86	/	( (53720.79	+	64664.032)	/ 2 )
	=	9186.86	/	59192.411
	=	15.52 %

Towa'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 )
	=	11275.94	/	( ( (0 - 0)	+	(84881.954 - 21179.572) )	/ 1 )
	=	11275.94	/	( ( 0	+	63702.382 )	/ 1 )
	=	11275.94	/	63702.382
	=	17.70 %

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

Towa (TSE:6315) 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.

Towa ROCE % Related Terms

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

Towa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Towa Corp (TSE:6315) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOWCF:USA TWA:Germany

Address

5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8105

Website

http://www.towajapan.co.jp

Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment.

Towa Headlines

No Headlines