Tess Holdings Co (TSE:5074) ROCE % : 10.94% (As of Mar. 2024)

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What is Tess Holdings 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. Tess Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.94%.

Tess Holdings Co ROCE % Historical Data

The historical data trend for Tess Holdings 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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Tess Holdings Co ROCE % Chart

Tess Holdings Co Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

2.63

6.75

6.76

7.11

8.27

Tess Holdings Co Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											7.23	10.08	3.30	5.11	10.94

Tess Holdings Co ROCE % Calculation

Tess Holdings Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	6108	/	( ( (94256 - 21584)	+	(94089 - 19009) )	/ 2 )
	=	6108	/	( (72672	+	75080)	/ 2 )
	=	6108	/	73876
	=	8.27 %

Tess Holdings Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	10024	/	( ( (110027 - 21471)	+	(117758 - 23010) )	/ 2 )
	=	10024	/	( ( 88556	+	94748 )	/ 2 )
	=	10024	/	91652
	=	10.94 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Tess Holdings Co (TSE:5074) 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.

Tess Holdings Co ROCE % Related Terms

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Tess Holdings Co (TSE:5074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tess Holdings Co Ltd (TSE:5074) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9VI:Germany

Address

6-1-1 Nishinakajima, Yodogawa-ku, Shin-Osaka Prime Tower, Osaka, JPN, 532-0011

Website

https://www.tess-hd.co.jp

Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.

Tess Holdings Co (TSE:5074) Headlines

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