Topy Industries (TSE:7231) ROCE % : 4.80% (As of Dec. 2023)

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What is Topy Industries 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. Topy Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.80%.

Topy Industries ROCE % Historical Data

The historical data trend for Topy Industries'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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Topy Industries ROCE % Chart

Topy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.27

1.28

0.76

1.22

4.18

Topy Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.03	3.20	5.50	5.24	4.80

Topy Industries ROCE % Calculation

Topy Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	8189	/	( ( (282195 - 87196)	+	(292322 - 95295) )	/ 2 )
	=	8189	/	( (194999	+	197027)	/ 2 )
	=	8189	/	196013
	=	4.18 %

Topy Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	9896	/	( ( (312274 - 105846)	+	(309744 - 103642) )	/ 2 )
	=	9896	/	( ( 206428	+	206102 )	/ 2 )
	=	9896	/	206265
	=	4.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Topy Industries (TSE:7231) 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.

Topy Industries ROCE % Related Terms

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Topy Industries (TSE:7231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Topy Industries Ltd (TSE:7231) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8634

Website

http://www.topy.co.jp

Topy Industries Ltd is a Japanese producer of steel and automotive and industrial machinery components. Topy's largest segment by revenue, automotive and industrial machinery components, produces steel and aluminum wheels for passenger cars, commercial trucks, and buses; ultra-large-diameter wheels for mining dump trucks; industrial spring steel fasteners; and undercarriage components such as track shoes, cutting edges, links, and rollers. In its second- largest segment, the company produces general steel sections, deformed and flat bars, mast rail sections for forklifts, and universal mill plates.

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