TOKYO KOKI Co (TSE:7719) ROCE % : -9.20% (As of Aug. 2024)

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What is TOKYO KOKI 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. TOKYO KOKI Co's annualized ROCE % for the quarter that ended in Aug. 2024 was -9.20%.

TOKYO KOKI Co ROCE % Historical Data

The historical data trend for TOKYO KOKI 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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TOKYO KOKI Co ROCE % Chart

TOKYO KOKI Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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16.23

13.16

6.07

-26.56

10.14

TOKYO KOKI Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															17.46	18.52	2.47	5.96	-9.20

TOKYO KOKI Co ROCE % Calculation

TOKYO KOKI Co's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	224.329	/	( ( (3445.34 - 1305.179)	+	(3664.823 - 1381.601) )	/ 2 )
	=	224.329	/	( (2140.161	+	2283.222)	/ 2 )
	=	224.329	/	2211.6915
	=	10.14 %

TOKYO KOKI Co's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-204.788	/	( ( (3363.309 - 1086.966)	+	(3229.693 - 1054.445) )	/ 2 )
	=	-204.788	/	( ( 2276.343	+	2175.248 )	/ 2 )
	=	-204.788	/	2225.7955
	=	-9.20 %

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

TOKYO KOKI Co (TSE:7719) 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.

TOKYO KOKI Co ROCE % Related Terms

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TOKYO KOKI Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TOKYO KOKI Co Ltd (TSE:7719) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9 Kandasakumacho, Chiyoda-ku, Tokyo, JPN, 101-0025

Website

http://www.tksnet.co.jp

TOKYO KOKI Co Ltd is engaged in the manufacturing and sales of testing and measuring machines and systems. In addition, it is also involved in the manufacturing and distribution of locking nuts, locking springs, special springs, bolts, and other fastening members. Its product offering includes material testing machines, component testing machines, structure testing machines, power testing machines, performance testing equipment, environmental testing equipment, high temperature/ high-pressure environment testing machines, and other testing machines.

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