Toyo Denki Seizo KK (TSE:6505) ROCE % : 0.00% (As of Nov. 2024)

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What is Toyo Denki Seizo 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 Denki Seizo KK's annualized ROCE % for the quarter that ended in Nov. 2024 was 0.00%.

Toyo Denki Seizo KK ROCE % Historical Data

The historical data trend for Toyo Denki Seizo 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 Denki Seizo KK ROCE % Chart

Toyo Denki Seizo KK Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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4.10

3.01

-3.02

3.16

3.83

Toyo Denki Seizo KK Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
ROCE %	Get a 7-Day Free Trial															2.44	3.10	1.83	7.36	-

Toyo Denki Seizo KK ROCE % Calculation

Toyo Denki Seizo KK's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	1443	/	( ( (49682 - 10699)	+	(51652 - 15240) )	/ 2 )
	=	1443	/	( (38983	+	36412)	/ 2 )
	=	1443	/	37697.5
	=	3.83 %

Toyo Denki Seizo KK's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: May. 2024 )		(Q: Nov. 2024 )
	=	0	/	( ( (51652 - 15240)	+	(53796 - 18082) )	/ 2 )
	=	0	/	( ( 36412	+	35714 )	/ 2 )
	=	0	/	36063
	=	0.00 %

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

Toyo Denki Seizo KK (TSE:6505) 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 Denki Seizo KK ROCE % Related Terms

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Toyo Denki Seizo KK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Denki Seizo KK (TSE:6505) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Tatemono Yaesu Building 5F 1-4-16, Yaesu, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.toyodenki.co.jp

Toyo Denki Seizo KK operates in transportation business, industrial business, ICT solution business, and development center. In the transportation business, it is engaged in electrical equipment for railway vehicles. In the industrial business, the company develops industrial electrical equipment such as motors and inverters for production equipment machines. In the ICT solution business, it develops and manufactures station equipment and remote monitoring systems. At the Development Center, the group is working to expand new businesses and products.

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