Meiho Holdings (TSE:7369) ROCE % : -5.16% (As of Dec. 2023)

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What is Meiho 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. Meiho Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.16%.

Meiho Holdings ROCE % Historical Data

The historical data trend for Meiho 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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Meiho Holdings ROCE % Chart

Meiho Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

22.98

27.86

27.06

19.00

18.84

Meiho Holdings Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										28.21	55.92	-9.25	-4.77	-5.16

Meiho Holdings ROCE % Calculation

Meiho Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	500.753	/	( ( (3712.933 - 1098.985)	+	(4146.868 - 1444.8) )	/ 2 )
	=	500.753	/	( (2613.948	+	2702.068)	/ 2 )
	=	500.753	/	2658.008
	=	18.84 %

Meiho 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 )
	=	-209.932	/	( ( (4503.638 - 1584.263)	+	(7717.996 - 2494.173) )	/ 2 )
	=	-209.932	/	( ( 2919.375	+	5223.823 )	/ 2 )
	=	-209.932	/	4071.599
	=	-5.16 %

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

Meiho Holdings (TSE:7369) 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.

Meiho Holdings ROCE % Related Terms

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Meiho Holdings (TSE:7369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meiho Holdings Inc (TSE:7369) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-21 Fukiagecho, Gifu, JPN, 500-8326

Website

https://meihoholdings.co.jp

Meiho Holdings Inc is engaged in the construction consulting, compensate consulting, land survey, geological survey, temporary staffing services, security, construction and nursing care, . and related operations.

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