Murata Manufacturing Co (Murata Manufacturing Co) ROCE % : 12.04% (As of Dec. 2023)

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What is Murata Manufacturing 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. Murata Manufacturing Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.04%.

Murata Manufacturing Co ROCE % Historical Data

The historical data trend for Murata Manufacturing 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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Murata Manufacturing Co ROCE % Chart

Murata Manufacturing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.76

13.76

15.34

17.94

11.73

Murata Manufacturing 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															12.61	4.69	9.47	14.56	12.04

Murata Manufacturing Co ROCE % Calculation

Murata Manufacturing 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 )
	=	2358.371	/	( ( (23690.611 - 2709.268)	+	(21492.373 - 2271.339) )	/ 2 )
	=	2358.371	/	( (20981.343	+	19221.034)	/ 2 )
	=	2358.371	/	20101.1885
	=	11.73 %

Murata Manufacturing 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 )
	=	2200.976	/	( ( (20443.234 - 2309.419)	+	(20753.055 - 2329.813) )	/ 2 )
	=	2200.976	/	( ( 18133.815	+	18423.242 )	/ 2 )
	=	2200.976	/	18278.5285
	=	12.04 %

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

Murata Manufacturing Co (OTCPK:MRAAY) 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.

Murata Manufacturing Co ROCE % Related Terms

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Murata Manufacturing Co (Murata Manufacturing Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Murata Manufacturing Co Ltd (OTCPK:MRAAY) » Definitions » ROCE %

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MRAAF:USA 6981:Japan MUR1:Germany

Address

No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, JPN, 617-8555

Website

http://www.murata.co.jp

Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the global top passive components supplier with 40% market share on MLCC and SAW filters.

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