Mitsubishi Materials (FRA:MUJ) ROCE % : 2.27% (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Mitsubishi Materials 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. Mitsubishi Materials's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.27%.

Mitsubishi Materials ROCE % Historical Data

The historical data trend for Mitsubishi Materials'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.

* Premium members only.

Mitsubishi Materials ROCE % Chart

Mitsubishi Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-3.16

4.01

6.88

1.74

4.49

Mitsubishi Materials Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.28	2.16	9.97	2.27	11.73

Mitsubishi Materials ROCE % Calculation

Mitsubishi Materials'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 )
	=	330.348	/	( ( (13219.211 - 5718.424)	+	(13310.882 - 6104.646) )	/ 2 )
	=	330.348	/	( (7500.787	+	7206.236)	/ 2 )
	=	330.348	/	7353.5115
	=	4.49 %

Mitsubishi Materials'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 )
	=	159.536	/	( ( (0 - 0)	+	(14161.464 - 7133.061) )	/ 1 )
	=	159.536	/	( ( 0	+	7028.403 )	/ 1 )
	=	159.536	/	7028.403
	=	2.27 %

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

Mitsubishi Materials (FRA:MUJ) 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.

Mitsubishi Materials ROCE % Related Terms

Thank you for viewing the detailed overview of Mitsubishi Materials's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsubishi Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mitsubishi Materials Corp (FRA:MUJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MIMTF:USA 5711:Japan MUJ:Germany

Address

3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8117

Website

http://www.mmc.co.jp/corporate/ja/index.html

Mitsubishi Materials Corp has operations across thirty countries and multiple divisions, including cement, metals, advanced materials and tools, electronic materials and components, and aluminum. The metals division, which accounts for roughly half of group revenue, is engaged in copper mine development, smelting, and processing, along with the production and sales of precious metals. The cement business is the group's second- largest division, engaged in the production and sale of Portland cement, ready-mixed concrete, and other cement-related products. The aluminum division manufactures aluminum beverage cans, rolled aluminum products, and processed products.

Mitsubishi Materials Headlines

From GuruFocus

BlackRock Announces Closing of Reorganizations of Two Municipal Closed-End Funds

By Business Wire Business Wire • 04-11-2022

BlackRock MuniHoldings New Jersey Quality Fund Inc's Dividend Analysis

By GuruFocus Research • 10-13-2023