TOHOKU CHEMICAL Co (TSE:7446) ROCE % : 10.46% (As of Mar. 2024)

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What is TOHOKU CHEMICAL 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. TOHOKU CHEMICAL Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.46%.

TOHOKU CHEMICAL Co ROCE % Historical Data

The historical data trend for TOHOKU CHEMICAL 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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TOHOKU CHEMICAL Co ROCE % Chart

TOHOKU CHEMICAL Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.19

8.74

10.81

13.32

10.42

TOHOKU CHEMICAL Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.74	7.89	4.88	4.39	10.46

TOHOKU CHEMICAL Co ROCE % Calculation

TOHOKU CHEMICAL Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	806.89	/	( ( (17519.61 - 10085.006)	+	(18920.74 - 10872.953) )	/ 2 )
	=	806.89	/	( (7434.604	+	8047.787)	/ 2 )
	=	806.89	/	7741.1955
	=	10.42 %

TOHOKU CHEMICAL Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	898.724	/	( ( (19681.74 - 11286.235)	+	(19758.275 - 10976.812) )	/ 2 )
	=	898.724	/	( ( 8395.505	+	8781.463 )	/ 2 )
	=	898.724	/	8588.484
	=	10.46 %

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

TOHOKU CHEMICAL Co (TSE:7446) 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.

TOHOKU CHEMICAL Co ROCE % Related Terms

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TOHOKU CHEMICAL Co (TSE:7446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOHOKU CHEMICAL Co Ltd (TSE:7446) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1-3-1 Kanda, Aomori-Prefecture, Hirosaki, JPN, 36-8061

Website

http://t-kagaku.co.jp

TOHOKU CHEMICAL Co., LTD. is a Japan based trading company specializing in the field of chemical-related products. The company deals with a wide range of commodities in chemical industrial reagents, clinical diagnostic reagents, food additives, health-related merchandise and agricultural materials.

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