Maezawa Industries (TSE:6489) ROCE % : 35.87% (As of Feb. 2024)

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What is Maezawa Industries 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. Maezawa Industries's annualized ROCE % for the quarter that ended in Feb. 2024 was 35.87%.

Maezawa Industries ROCE % Historical Data

The historical data trend for Maezawa Industries'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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Maezawa Industries ROCE % Chart

Maezawa Industries Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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6.67

8.01

14.82

12.95

12.91

Maezawa Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															30.31	17.57	-6.16	12.82	35.87

Maezawa Industries ROCE % Calculation

Maezawa Industries's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	3338	/	( ( (35626 - 11048)	+	(40076 - 12931) )	/ 2 )
	=	3338	/	( (24578	+	27145)	/ 2 )
	=	3338	/	25861.5
	=	12.91 %

Maezawa Industries's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	9904	/	( ( (35465 - 8587)	+	(39560 - 11215) )	/ 2 )
	=	9904	/	( ( 26878	+	28345 )	/ 2 )
	=	9904	/	27611.5
	=	35.87 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Maezawa Industries (TSE:6489) 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.

Maezawa Industries ROCE % Related Terms

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Maezawa Industries (TSE:6489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maezawa Industries Inc (TSE:6489) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-7-2 Yaesu, Chuo-ku, Tokyo, JPN, 104-8351

Website

http://www.maezawa.co.jp

Maezawa Industries Inc is a provider of water and environmental engineering services. The company manufactures and sells equipment and valves for both water and sewage facilities. Its product portfolio includes Gate valves, Control valves, Butterfly valves, Check valves, Eccentric valves, Air valves, Hydrants, Maintenance valves, ESO valves, Sluice Gates, and environmental systems including water purification, sewage treatment soil purification, and system consultation services. Its water treatment solutions include High-quality water supply, water purification, wastewater treatment, and industrial environment.

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