Miroku (TSE:7983) ROCE % : 3.04% (As of Jan. 2024)

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What is Miroku 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. Miroku's annualized ROCE % for the quarter that ended in Jan. 2024 was 3.04%.

Miroku ROCE % Historical Data

The historical data trend for Miroku'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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Miroku ROCE % Chart

Miroku Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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9.72

4.45

3.47

5.01

4.62

Miroku Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															8.26	6.98	4.07	-0.79	3.04

Miroku ROCE % Calculation

Miroku's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	797.612	/	( ( (19272.341 - 2716.497)	+	(20904.602 - 2957.914) )	/ 2 )
	=	797.612	/	( (16555.844	+	17946.688)	/ 2 )
	=	797.612	/	17251.266
	=	4.62 %

Miroku's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	569.076	/	( ( (20904.602 - 2957.914)	+	(22479.112 - 3009.372) )	/ 2 )
	=	569.076	/	( ( 17946.688	+	19469.74 )	/ 2 )
	=	569.076	/	18708.214
	=	3.04 %

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

Miroku (TSE:7983) 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.

Miroku ROCE % Related Terms

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Miroku (TSE:7983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miroku Corp (TSE:7983) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

537-1 Shinohara, Nankoku, Kochi, JPN, 783-0006

Website

http://www.miroku-jp.com

Miroku Corp is engaged in manufacturing and selling hunting guns, machine tools, automotive-related products. Its products include shotguns, rifles for sports, and hunting gun-related goods, hole drilling machines and industrial tools, steering wheels, and automotive-related products.

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