Taoka Chemical Co (TSE:4113) ROCE % : 4.81% (As of Dec. 2023)

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What is Taoka Chemical 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. Taoka Chemical Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.81%.

Taoka Chemical Co ROCE % Historical Data

The historical data trend for Taoka Chemical 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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Taoka Chemical Co ROCE % Chart

Taoka Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.28

21.11

14.32

2.34

5.31

Taoka Chemical 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															-1.37	0.60	11.09	4.81	4.75

Taoka Chemical Co ROCE % Calculation

Taoka Chemical 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 )
	=	1137.577	/	( ( (31069.018 - 9634.286)	+	(29719.683 - 8278.43) )	/ 2 )
	=	1137.577	/	( (21434.732	+	21441.253)	/ 2 )
	=	1137.577	/	21437.9925
	=	5.31 %

Taoka Chemical 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 )
	=	1033.672	/	( ( (30315.837 - 8786.934)	+	(30030.256 - 8598.085) )	/ 2 )
	=	1033.672	/	( ( 21528.903	+	21432.171 )	/ 2 )
	=	1033.672	/	21480.537
	=	4.81 %

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

Taoka Chemical Co (TSE:4113) 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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Taoka Chemical Co (TSE:4113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taoka Chemical Co Ltd (TSE:4113) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-11 Nishi-mikuni, Yodogawa-ku, Osaka, JPN, 532 0006

Website

http://www.taoka-chem.co.jp

Taoka Chemical Company, Limited is a Japanese manufacturer of specialty chemicals. Its products include intermediates like pharmaceutical, agricultural and recording materials, materials for electronic components, dyes; functional Chemicals like rubber additives and instant adhesives; functional Process Resins such as paper chemicals and varnishes; Plasticizers, and others.

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