Makino Milling Machine Co (TSE:6135) ROCE % : 6.44% (As of Dec. 2023)

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What is Makino Milling Machine 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. Makino Milling Machine Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.44%.

Makino Milling Machine Co ROCE % Historical Data

The historical data trend for Makino Milling Machine 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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Makino Milling Machine Co ROCE % Chart

Makino Milling Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.23

-0.98

6.33

8.01

7.41

Makino Milling Machine Co 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															10.67	8.96	6.10	6.44	8.11

Makino Milling Machine Co ROCE % Calculation

Makino Milling Machine Co'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 )
	=	19936	/	( ( (348461 - 90698)	+	(362335 - 82124) )	/ 2 )
	=	19936	/	( (257763	+	280211)	/ 2 )
	=	19936	/	268987
	=	7.41 %

Makino Milling Machine 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 )
	=	17396	/	( ( (349748 - 76419)	+	(346914 - 80170) )	/ 2 )
	=	17396	/	( ( 273329	+	266744 )	/ 2 )
	=	17396	/	270036.5
	=	6.44 %

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

Makino Milling Machine Co (TSE:6135) 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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Makino Milling Machine Co (TSE:6135) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makino Milling Machine Co Ltd (TSE:6135) » Definitions » ROCE %

Comparable Companies

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MKMLF:USA

Address

3-19 Nakane 2-chome, Meguro-ku, Tokyo, JPN, 152-8578

Website

http://www.makino.co.jp

Makino Milling Machine Co., Ltd. is a software and engineering service provider offering machine tool builders. The company manufactures, sells and exports machines. It primarily offers numeric control (NC) electrical discharge machines, NC milling machines, milling machines, computer-aided design (CAD) computer-aided manufacturing (CAM) systems, and other products. Its product application is spread into various industries such as automotive, aerospace, general machining, medical and construction. The firm also engages in the business of equipment financing.

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