Takasago Thermal Engineering Co (TSE:1969) ROCE % : 24.21% (As of Dec. 2023)

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What is Takasago Thermal Engineering 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. Takasago Thermal Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.21%.

Takasago Thermal Engineering Co ROCE % Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co ROCE % Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.40

13.48

9.60

10.21

10.00

Takasago Thermal Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.67	16.44	7.22	13.59	24.21

Takasago Thermal Engineering Co ROCE % Calculation

Takasago Thermal Engineering Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	17130	/	( ( (300736 - 134342)	+	(313391 - 137146) )	/ 2 )
	=	17130	/	( (166394	+	176245)	/ 2 )
	=	17130	/	171319.5
	=	10.00 %

Takasago Thermal Engineering 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 )
	=	43424	/	( ( (304416 - 127436)	+	(319244 - 137517) )	/ 2 )
	=	43424	/	( ( 176980	+	181727 )	/ 2 )
	=	43424	/	179353.5
	=	24.21 %

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

Takasago Thermal Engineering Co (TSE:1969) 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.

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Takasago Thermal Engineering Co (TSE:1969) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » ROCE %

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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