Miroku Jyoho Service Co (TSE:9928) ROCE % : 26.33% (As of Dec. 2023)

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What is Miroku Jyoho Service 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. Miroku Jyoho Service Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.33%.

Miroku Jyoho Service Co ROCE % Historical Data

The historical data trend for Miroku Jyoho Service 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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Miroku Jyoho Service Co ROCE % Chart

Miroku Jyoho Service Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.42

9.02

13.63

20.57

19.46

Miroku Jyoho Service 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															31.49	3.91	23.63	22.59	26.33

Miroku Jyoho Service Co ROCE % Calculation

Miroku Jyoho Service 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 )
	=	5745	/	( ( (43487 - 9374)	+	(45793 - 20868) )	/ 2 )
	=	5745	/	( (34113	+	24925)	/ 2 )
	=	5745	/	29519
	=	19.46 %

Miroku Jyoho Service 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 )
	=	7244	/	( ( (45416 - 20171)	+	(44447 - 14675) )	/ 2 )
	=	7244	/	( ( 25245	+	29772 )	/ 2 )
	=	7244	/	27508.5
	=	26.33 %

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

Miroku Jyoho Service Co (TSE:9928) 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 Jyoho Service Co ROCE % Related Terms

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Miroku Jyoho Service Co (TSE:9928) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Miroku Jyoho Service Co Ltd (TSE:9928) » Definitions » ROCE %

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Address

4-29-1 Yotsuya, Tokyo, JPN, 160-0004

Website

http://www.mjs.co.jp

Miroku Jyoho Service Co Ltd offers systems, solutions, and services to accounting firms and their client companies, small and mid-sized companies and data-compatible financial accounting systems. The firm's products include software applications, hardware, and supplies. Its services include tax service, account processing service, management guidance service, IT support and provision of management information services and installation and software and hardware support services etc.

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