Tomen Electronics (TSE:7558) ROCE % : 9.09% (As of Sep. 2014)

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What is Tomen Electronics 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. Tomen Electronics's annualized ROCE % for the quarter that ended in Sep. 2014 was 9.09%.

Tomen Electronics ROCE % Historical Data

The historical data trend for Tomen Electronics'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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Tomen Electronics ROCE % Chart

Tomen Electronics Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

ROCE %

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7.59

11.81

11.79

6.70

7.27

Tomen Electronics Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROCE %	Get a 7-Day Free Trial															5.13	9.03	12.25	2.17	9.09

Tomen Electronics ROCE % Calculation

Tomen Electronics's annualized ROCE % for the fiscal year that ended in Mar. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2014 )		(A: Mar. 2013 )		(A: Mar. 2014 )
	=	3413	/	( ( (72723 - 27968)	+	(80528 - 31424) )	/ 2 )
	=	3413	/	( (44755	+	49104)	/ 2 )
	=	3413	/	46929.5
	=	7.27 %

Tomen Electronics's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2014 )		(Q: Jun. 2014 )		(Q: Sep. 2014 )
	=	4536	/	( ( (83727 - 34921)	+	(83988 - 32982) )	/ 2 )
	=	4536	/	( ( 48806	+	51006 )	/ 2 )
	=	4536	/	49906
	=	9.09 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

Tomen Electronics (TSE:7558) 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.

Tomen Electronics ROCE % Related Terms

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Tomen Electronics (TSE:7558) Business Description

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http://www.tomen-ele.co.jp

Tomen Electronics Corporation is an importer, exporter, and distributor of electronic devices which includes semiconductor, storage and communication unit components, software and others. The company is segmented into Automotive; Consumer; Imaging; Information and communications; Industrial Equipment; Power Electronics and Amusement.

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