Toyo Kanetsu KK (TSE:6369) ROCE % : 9.77% (As of Sep. 2024)

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What is Toyo Kanetsu KK 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 Kanetsu KK's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.77%.

Toyo Kanetsu KK ROCE % Historical Data

The historical data trend for Toyo Kanetsu KK'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 Kanetsu KK ROCE % Chart

Toyo Kanetsu KK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.70

6.72

8.23

7.53

10.80

Toyo Kanetsu KK 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															11.55	16.45	23.10	13.23	9.77

Toyo Kanetsu KK ROCE % Calculation

Toyo Kanetsu KK'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 )
	=	4904	/	( ( (64001 - 17430)	+	(67891 - 23685) )	/ 2 )
	=	4904	/	( (46571	+	44206)	/ 2 )
	=	4904	/	45388.5
	=	10.80 %

Toyo Kanetsu KK'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 )
	=	4204	/	( ( (0 - 0)	+	(60838 - 17791) )	/ 1 )
	=	4204	/	( ( 0	+	43047 )	/ 1 )
	=	4204	/	43047
	=	9.77 %

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

Toyo Kanetsu KK (TSE:6369) 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.

Toyo Kanetsu KK ROCE % Related Terms

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Toyo Kanetsu KK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Kanetsu KK (TSE:6369) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-1, Minamisuna 2-chome, Koto-ku, Tokyo, JPN, 136-8666

Website

http://www.toyokanetsu.co.jp

Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.

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