Toppan Holdings (TSE:7911) ROCE % : 12.78% (As of Dec. 2023)

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What is Toppan Holdings 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. Toppan Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.78%.

Toppan Holdings ROCE % Historical Data

The historical data trend for Toppan Holdings'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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Toppan Holdings ROCE % Chart

Toppan Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.20

7.49

9.94

6.39

7.17

Toppan Holdings 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															0.85	3.65	3.34	12.78	8.65

Toppan Holdings ROCE % Calculation

Toppan Holdings'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 )
	=	131184	/	( ( (2238817 - 467394)	+	(2432887 - 544227) )	/ 2 )
	=	131184	/	( (1771423	+	1888660)	/ 2 )
	=	131184	/	1830041.5
	=	7.17 %

Toppan Holdings'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 )
	=	236188	/	( ( (2322882 - 484487)	+	(2347310 - 490455) )	/ 2 )
	=	236188	/	( ( 1838395	+	1856855 )	/ 2 )
	=	236188	/	1847625
	=	12.78 %

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

Toppan Holdings (TSE:7911) 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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Toppan Holdings (TSE:7911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toppan Holdings Inc (TSE:7911) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOPPY:USA TONPF:USA TPX:Germany

Address

1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560

Website

https://www.holdings.toppan.com

Toppan Holdings Inc provides a range of products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop innovative solutions for customers. Operations and sales are located in Japan.

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