Toshin Holdings Co (TSE:9444) ROCE % : 6.69% (As of Jan. 2024)

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What is Toshin Holdings 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. Toshin Holdings Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.69%.

Toshin Holdings Co ROCE % Historical Data

The historical data trend for Toshin Holdings 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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Toshin Holdings Co ROCE % Chart

Toshin Holdings Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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2.65

2.83

-2.52

3.73

4.53

Toshin Holdings Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															6.19	-2.58	9.01	6.17	6.69

Toshin Holdings Co ROCE % Calculation

Toshin Holdings Co's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	661.637	/	( ( (23527.331 - 9044.102)	+	(23256.232 - 8501.654) )	/ 2 )
	=	661.637	/	( (14483.229	+	14754.578)	/ 2 )
	=	661.637	/	14618.9035
	=	4.53 %

Toshin Holdings Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1102.296	/	( ( (25173.84 - 8597.345)	+	(24788.839 - 8427.709) )	/ 2 )
	=	1102.296	/	( ( 16576.495	+	16361.13 )	/ 2 )
	=	1102.296	/	16468.8125
	=	6.69 %

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

Toshin Holdings Co (TSE:9444) 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.

Toshin Holdings Co ROCE % Related Terms

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Toshin Holdings Co (TSE:9444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Toshin Holdings Co Ltd (TSE:9444) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Aichi Prefecture, Naka-ku Sakae, 3-4-21 Toshin Sakae Building, Nagoya, JPN, 460 0008

Website

http://www.toshin-group.com

Toshin Holdings Co Ltd is engaged in the sale of mobile phone and other communication equipment. It also offers leasing and sale of real estate properties, provides asset management services, operates golf courses and restaurants, sales drinking water. Its other business includes OA equipment sales, air conditioner sales, drinking water sales, rental conference room operation, golfers salon management.

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