Morinaga Milk Industry Co (FRA:MO8) ROCE % : 7.06% (As of Sep. 2024)

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What is Morinaga Milk Industry 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. Morinaga Milk Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.06%.

Morinaga Milk Industry Co ROCE % Historical Data

The historical data trend for Morinaga Milk Industry 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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Morinaga Milk Industry Co ROCE % Chart

Morinaga Milk Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.06

8.61

15.62

7.21

23.97

Morinaga Milk Industry Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.91	6.40	-3.21	9.12	7.06

Morinaga Milk Industry Co ROCE % Calculation

Morinaga Milk Industry 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 )
	=	551.821	/	( ( (3406.069 - 1094.316)	+	(3475.658 - 1183.214) )	/ 2 )
	=	551.821	/	( (2311.753	+	2292.444)	/ 2 )
	=	551.821	/	2302.0985
	=	23.97 %

Morinaga Milk Industry Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	169.72	/	( ( (0 - 0)	+	(3423.849 - 1018.697) )	/ 1 )
	=	169.72	/	( ( 0	+	2405.152 )	/ 1 )
	=	169.72	/	2405.152
	=	7.06 %

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

Morinaga Milk Industry Co (FRA:MO8) 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.

Morinaga Milk Industry Co ROCE % Related Terms

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Morinaga Milk Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morinaga Milk Industry Co Ltd (FRA:MO8) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2264:Japan MO8:Germany

Address

33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website

http://www.morinagamilk.co.jp

Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.

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