TEIKOKU ELECTRIC MFG Co (TSE:6333) ROCE % : 10.88% (As of Sep. 2024)

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What is TEIKOKU ELECTRIC MFG 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. TEIKOKU ELECTRIC MFG Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.88%.

TEIKOKU ELECTRIC MFG Co ROCE % Historical Data

The historical data trend for TEIKOKU ELECTRIC MFG 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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TEIKOKU ELECTRIC MFG Co ROCE % Chart

TEIKOKU ELECTRIC MFG Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.46

8.69

9.59

17.53

14.48

TEIKOKU ELECTRIC MFG 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															13.28	8.46	16.40	10.88	18.76

TEIKOKU ELECTRIC MFG Co ROCE % Calculation

TEIKOKU ELECTRIC MFG 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 )
	=	4906.015	/	( ( (41596.93 - 8221.788)	+	(42040.322 - 7662.777) )	/ 2 )
	=	4906.015	/	( (33375.142	+	34377.545)	/ 2 )
	=	4906.015	/	33876.3435
	=	14.48 %

TEIKOKU ELECTRIC MFG 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 )
	=	3911.84	/	( ( (0 - 0)	+	(44249.282 - 8294.901) )	/ 1 )
	=	3911.84	/	( ( 0	+	35954.381 )	/ 1 )
	=	3911.84	/	35954.381
	=	10.88 %

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

TEIKOKU ELECTRIC MFG Co (TSE:6333) 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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TEIKOKU ELECTRIC MFG Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TEIKOKU ELECTRIC MFG Co Ltd (TSE:6333) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Hirano, Shingu-Cho, Hyogo, Tatsuno-shi, JPN, 679-4395

Website

http://www.teikokudenki.co.jp

TEIKOKU ELECTRIC MFG Co Ltd manufactures canned motor pump. The company provides automotive electrical components like control units as well as substrates for industrial equipment like sequencer substrates. In addition to its pump and electronic component businesses, the company continues to develop other businesses, such as the elevators used in ceiling cranes in factories and warehouses, special equipment like the electromagnets used in accelerator facilities.

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