Takadakiko (Steel Construction) Co (TSE:5923) ROCE % : 2.23% (As of Dec. 2023)

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What is Takadakiko (Steel 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. Takadakiko (Steel Construction) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.23%.

Takadakiko (Steel Construction) Co ROCE % Historical Data

The historical data trend for Takadakiko (Steel 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.

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Takadakiko (Steel Construction) Co ROCE % Chart

Takadakiko (Steel Construction) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.92

5.96

3.55

4.26

2.30

Takadakiko (Steel Construction) 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															3.06	1.52	8.80	8.80	2.23

Takadakiko (Steel Construction) Co ROCE % Calculation

Takadakiko (Steel Construction) 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 )
	=	440.597	/	( ( (24546.118 - 5384.786)	+	(27278.323 - 8064.926) )	/ 2 )
	=	440.597	/	( (19161.332	+	19213.397)	/ 2 )
	=	440.597	/	19187.3645
	=	2.30 %

Takadakiko (Steel 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 )
	=	457.256	/	( ( (26755.083 - 6256.499)	+	(27241.949 - 6673.635) )	/ 2 )
	=	457.256	/	( ( 20498.584	+	20568.314 )	/ 2 )
	=	457.256	/	20533.449
	=	2.23 %

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

Takadakiko (Steel Construction) Co (TSE:5923) 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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Takadakiko (Steel Construction) Co (TSE:5923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takadakiko (Steel Construction) Co Ltd (TSE:5923) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-70 Nanbanaka, 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0011

Website

http://www.takadakiko.com

Takada Kiko Co Ltd is engaged in the designing, manufacturing, and installation of steel bridges, building construction, school gymnasiums, and installation work on upper part of steel bridge, pavement, work, signs, and protective fences.

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