Tohbu Network Co (TSE:9036) ROCE % : 1.24% (As of Dec. 2023)

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What is Tohbu Network 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. Tohbu Network Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.24%.

Tohbu Network Co ROCE % Historical Data

The historical data trend for Tohbu Network 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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Tohbu Network Co ROCE % Chart

Tohbu Network Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.95

3.39

3.33

1.98

2.72

Tohbu Network Co 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															1.62	1.35	5.01	2.74	1.24

Tohbu Network Co ROCE % Calculation

Tohbu Network Co'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 )
	=	579.848	/	( ( (22339.285 - 1354.451)	+	(23459.042 - 1772.777) )	/ 2 )
	=	579.848	/	( (20984.834	+	21686.265)	/ 2 )
	=	579.848	/	21335.5495
	=	2.72 %

Tohbu Network Co'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 )
	=	279.824	/	( ( (24532.459 - 2234.528)	+	(24479.077 - 1750.606) )	/ 2 )
	=	279.824	/	( ( 22297.931	+	22728.471 )	/ 2 )
	=	279.824	/	22513.201
	=	1.24 %

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

Tohbu Network Co (TSE:9036) 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.

Tohbu Network Co ROCE % Related Terms

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Tohbu Network Co (TSE:9036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tohbu Network Co Ltd (TSE:9036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Sakaecho 2 Kanagawa-ku, Kanagawa-ku, 9 East Eastern Yokohama Building, Yokohama, JPN, 221-00529

Website

http://www.tohbu.co.jp

Tohbu Network Co., Ltd is engaged in cargo car transport business, cargo use transportation business, specified passenger car transportation business, real estate leasing business, warehouse industry, worker dispatch business, industrial waste collection, and sales business of petroleum and high pressure gases.

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