Toyo Engineering (TSE:6330) ROCE % : 6.47% (As of Sep. 2024)

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What is Toyo Engineering 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. Toyo Engineering's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.47%.

Toyo Engineering ROCE % Historical Data

The historical data trend for Toyo Engineering'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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Toyo Engineering ROCE % Chart

Toyo Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.51

5.42

4.91

5.90

14.52

Toyo Engineering 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															5.91	31.08	8.53	6.47	5.09

Toyo Engineering ROCE % Calculation

Toyo Engineering'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 )
	=	12634	/	( ( (256311 - 174758)	+	(285996 - 193553) )	/ 2 )
	=	12634	/	( (81553	+	92443)	/ 2 )
	=	12634	/	86998
	=	14.52 %

Toyo Engineering'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 )
	=	6444	/	( ( (311784 - 210607)	+	(276916 - 178957) )	/ 2 )
	=	6444	/	( ( 101177	+	97959 )	/ 2 )
	=	6444	/	99568
	=	6.47 %

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

Toyo Engineering (TSE:6330) 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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Toyo Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toyo Engineering Corp (TSE:6330) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-8-1 Akanehama Narashino-shi, Chiba, JPN

Website

http://www.toyo-eng.co.jp

Toyo Engineering Corp provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.

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