Tokai Tokyo Financial Holdings (TSE:8616) ROCE % : 4.31% (As of Dec. 2023)

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What is Tokai Tokyo Financial 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. Tokai Tokyo Financial Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.31%.

Tokai Tokyo Financial Holdings ROCE % Historical Data

The historical data trend for Tokai Tokyo Financial 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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Tokai Tokyo Financial Holdings ROCE % Chart

Tokai Tokyo Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.32

3.63

3.30

1.01

4.76

Tokai Tokyo Financial 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															-0.49	4.67	5.00	4.31	5.96

Tokai Tokyo Financial Holdings ROCE % Calculation

Tokai Tokyo Financial 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 )
	=	15308	/	( ( (1056020 - 754508)	+	(1400360 - 1058720) )	/ 2 )
	=	15308	/	( (301512	+	341640)	/ 2 )
	=	15308	/	321576
	=	4.76 %

Tokai Tokyo Financial 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 )
	=	13036	/	( ( (1314477 - 1012170)	+	(1325667 - 1022894) )	/ 2 )
	=	13036	/	( ( 302307	+	302773 )	/ 2 )
	=	13036	/	302540
	=	4.31 %

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

Tokai Tokyo Financial Holdings (TSE:8616) 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.

Tokai Tokyo Financial Holdings ROCE % Related Terms

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Tokai Tokyo Financial Holdings (TSE:8616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tokai Tokyo Financial Holdings Inc (TSE:8616) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TO91:Germany

Address

6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027

Website

http://www.tokaitokyo-fh.jp

Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.

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