Toei Co (TSE:9605) ROCE % : 11.68% (As of Sep. 2024)

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What is Toei 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. Toei Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.68%.

Toei Co ROCE % Historical Data

The historical data trend for Toei 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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Toei Co ROCE % Chart

Toei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.57

6.75

7.83

12.59

10.44

Toei Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.92	10.28	9.51	10.58	11.68

Toei Co ROCE % Calculation

Toei 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 )
	=	35497	/	( ( (379889 - 57543)	+	(411406 - 53927) )	/ 2 )
	=	35497	/	( (322346	+	357479)	/ 2 )
	=	35497	/	339912.5
	=	10.44 %

Toei 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	43072	/	( ( (0 - 0)	+	(427040 - 58168) )	/ 1 )
	=	43072	/	( ( 0	+	368872 )	/ 1 )
	=	43072	/	368872
	=	11.68 %

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

Toei Co (TSE:9605) 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.

Toei Co ROCE % Related Terms

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Toei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toei Co Ltd (TSE:9605) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-17 Ginza, Chuo-ku, Tokyo, JPN, 104-8108

Website

http://www.toei.co.jp

Toei Co Ltd engaged in the production of theatrical movies, TV dramas, direct-to-video productions, and anime, as well as a diverse range of businesses based on film production. The company releases both domestic and foreign movies, including its own films directly managed theaters and cinema complexes operated by the subsidiary T-Joy Co., Ltd. It also offers a digital cinema system providing packaged video software, such as DVD and Blu-ray discs. Its video distribution services engage in the sales of content to distribution media and the distribution of movies on iTunes in Japan. It operates more than ten official mobile websites via three major carriers namely NTT DOCOMO, au, and SoftBank.

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