Tokyotokeiba Co (TSE:9672) ROCE % : 11.07% (As of Dec. 2024)

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What is Tokyotokeiba 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. Tokyotokeiba Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.07%.

Tokyotokeiba Co ROCE % Historical Data

The historical data trend for Tokyotokeiba 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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Tokyotokeiba Co ROCE % Chart

Tokyotokeiba Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.75

13.68

13.41

11.84

12.82

Tokyotokeiba Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.43	10.89	13.91	15.67	11.07

Tokyotokeiba Co ROCE % Calculation

Tokyotokeiba Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	14135.082	/	( ( (115792.376 - 7914.483)	+	(122405.859 - 9696.501) )	/ 2 )
	=	14135.082	/	( (107877.893	+	112709.358)	/ 2 )
	=	14135.082	/	110293.6255
	=	12.82 %

Tokyotokeiba Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	12369.096	/	( ( (118622.099 - 7832.173)	+	(122405.859 - 9696.501) )	/ 2 )
	=	12369.096	/	( ( 110789.926	+	112709.358 )	/ 2 )
	=	12369.096	/	111749.642
	=	11.07 %

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

Tokyotokeiba Co (TSE:9672) 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.

Tokyotokeiba Co ROCE % Related Terms

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Tokyotokeiba Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tokyotokeiba Co Ltd (TSE:9672) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-8 Omori Kita, Ota-ku, Tokyo, JPN, 143-0016

Website

http://www.tokyotokeiba.co.jp

Tokyotokeiba Co Ltd is a gambling company primarily engaged in horse racing. The company has four major business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.

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