TOYO Construction Co (TSE:1890) ROCE % : 16.00% (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is TOYO Construction 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. TOYO Construction Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.00%.

TOYO Construction Co ROCE % Historical Data

The historical data trend for TOYO Construction 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.

* Premium members only.

TOYO Construction Co ROCE % Chart

TOYO Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

13.20

18.52

11.39

10.97

11.64

TOYO Construction 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															18.41	0.22	17.44	16.00	13.94

TOYO Construction Co ROCE % Calculation

TOYO Construction 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 )
	=	10100	/	( ( (153717 - 70235)	+	(164160 - 74174) )	/ 2 )
	=	10100	/	( (83482	+	89986)	/ 2 )
	=	10100	/	86734
	=	11.64 %

TOYO Construction 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 )
	=	13576	/	( ( (152548 - 68739)	+	(155595 - 69726) )	/ 2 )
	=	13576	/	( ( 83809	+	85869 )	/ 2 )
	=	13576	/	84839
	=	16.00 %

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

TOYO Construction Co (TSE:1890) 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.

TOYO Construction Co ROCE % Related Terms

Thank you for viewing the detailed overview of TOYO Construction Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TOYO Construction Co (TSE:1890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TOYO Construction Co Ltd (TSE:1890) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinbocho, 105-chome, Jinbocho, 11th floor, 10th floor, Mitsui Building, Kanda, Chiyoda-ku, Tokyo, JPN, 135-0064

Website

http://www.toyo-const.co.jp

TOYO Construction Co Ltd is a construction company. Principally, it is engaged in the marine and civil engineering, building construction, real estate, and others businesses. The company undertakes civil engineering works, such as ports, fishery ports, and reclamation and dredging, airport, power station, river and dam, waste disposal site, and waterworks and sewerage service projects. It constructs office, commercial, medical and welfare facilities, factories, education and cultural, distribution and warehouse, sports and leisure, residential, and accommodation projects. In addition, it also provides various overseas projects.

TOYO Construction Co (TSE:1890) Headlines

No Headlines