Toyo Securities Co (TSE:8614) ROCE % : 0.00% (As of Sep. 2024)

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What is Toyo Securities 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. Toyo Securities Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Toyo Securities Co ROCE % Historical Data

The historical data trend for Toyo Securities 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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Toyo Securities Co ROCE % Chart

Toyo Securities Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-4.13

1.51

0.25

-4.82

2.57

Toyo Securities Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															1.04	2.50	0.98	5.83	-

Toyo Securities Co ROCE % Calculation

Toyo Securities Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1147	/	( ( (66190 - 25176)	+	(80750 - 32330) )	/ 2 )
	=	1147	/	( (41014	+	48420)	/ 2 )
	=	1147	/	44717
	=	2.57 %

Toyo Securities Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (80750 - 32330)	+	(80034 - 33499) )	/ 2 )
	=	0	/	( ( 48420	+	46535 )	/ 2 )
	=	0	/	47477.5
	=	0.00 %

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

Toyo Securities Co (TSE:8614) 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 Securities Co ROCE % Related Terms

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Toyo Securities Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Toyo Securities Co Ltd (TSE:8614) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-1 Hacchobori 4-Chome, Chuo-Ku, Tokyo, JPN, 104-8678

Website

http://www.toyo-sec.co.jp

Toyo Securities Co Ltd is a Japan-based company engaged in the securities business. The company provides the variety of financial services such as dealing, brokerage, underwriting, public offering and distribution of securities. In addition, it also offers asset management, advice and consultancy services, insurance products, as well as provision of internet and phone trading services.

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