Tokyo Gas Co (Tokyo Gas Co) ROCE % : 3.59% (As of Dec. 2023)

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What is Tokyo Gas 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. Tokyo Gas Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.59%.

Tokyo Gas Co ROCE % Historical Data

The historical data trend for Tokyo Gas 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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Tokyo Gas Co ROCE % Chart

Tokyo Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.76

3.49

5.84

14.21

8.27

Tokyo Gas 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															23.05	14.80	6.12	3.59	9.97

Tokyo Gas Co ROCE % Calculation

Tokyo Gas 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 )
	=	1809.502	/	( ( (26794.178 - 4534.928)	+	(25957.091 - 4472.055) )	/ 2 )
	=	1809.502	/	( (22259.25	+	21485.036)	/ 2 )
	=	1809.502	/	21872.143
	=	8.27 %

Tokyo Gas 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 )
	=	773.016	/	( ( (24157.942 - 3228.564)	+	(27093.786 - 4919.125) )	/ 2 )
	=	773.016	/	( ( 20929.378	+	22174.661 )	/ 2 )
	=	773.016	/	21552.0195
	=	3.59 %

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

Tokyo Gas Co (OTCPK:TKGSF) 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.

Tokyo Gas Co ROCE % Related Terms

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Tokyo Gas Co (Tokyo Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tokyo Gas Co Ltd (OTCPK:TKGSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TKGSY:USA 9531:Japan TOG:Germany

Address

1-5-20 Kaigan Minato-ku, Tokyo, JPN, 105-8527

Website

http://www.tokyo-gas.co.jp

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

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