Tohoku Electric Power Co (Tohoku Electric Power Co) ROCE % : 6.26% (As of Dec. 2023)

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What is Tohoku Electric Power 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. Tohoku Electric Power Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

Tohoku Electric Power Co ROCE % Historical Data

The historical data trend for Tohoku Electric Power 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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Tohoku Electric Power Co ROCE % Chart

Tohoku Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.43

2.07

-1.48

-4.46

7.17

Tohoku Electric Power Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.98	11.20	10.41	6.26	1.76

Tohoku Electric Power Co ROCE % Calculation

Tohoku Electric Power 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 )
	=	2112.448	/	( ( (38992.566 - 8330.003)	+	(35968.318 - 7727.485) )	/ 2 )
	=	2112.448	/	( (30662.563	+	28240.833)	/ 2 )
	=	2112.448	/	29451.698
	=	7.17 %

Tohoku Electric Power 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 )
	=	1829.096	/	( ( (35958.26 - 7216.477)	+	(36843.469 - 7141.897) )	/ 2 )
	=	1829.096	/	( ( 28741.783	+	29701.572 )	/ 2 )
	=	1829.096	/	29221.6775
	=	6.26 %

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

Tohoku Electric Power Co (OTCPK:TEPCF) 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.

Tohoku Electric Power Co ROCE % Related Terms

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Tohoku Electric Power Co (Tohoku Electric Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tohoku Electric Power Co Inc (OTCPK:TEPCF) » Definitions » ROCE %

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9506:Japan

Address

1-7-1 Honcho, Aoba-ku, Miyagi, Sendai, JPN, 980-8550

Website

https://www.tohoku-epco.co.jp

Tohoku Electric Power Co Inc is an electric utility company operating in and serving the Tohoku region of the Japanese archipelago. The country separates its activities into Electric power, Construction, and Other business segments. Almost all of the company's revenue comes from its Electric power business in the form of electricity sales. Tohoku Electric produces power through its portfolio of facilities utilizing nuclear, liquefied natural gas, coal, oil, hydro, geothermal, solar, and wind fuel sources. Most of the company's energy production comes from its thermal, non-renewable sites, which it then transmits and distributes to mainly residential customers. Tohoku Electric Power produces sizable amounts of Japan's total geothermal and wind energy output, as well.

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