Mazda Motor (FRA:MZA) ROCE % : 10.90% (As of Dec. 2023)

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What is Mazda Motor 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. Mazda Motor's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.90%.

Mazda Motor ROCE % Historical Data

The historical data trend for Mazda Motor'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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Mazda Motor ROCE % Chart

Mazda Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.46

3.07

0.50

5.68

8.37

Mazda Motor 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															3.02	10.04	12.34	21.30	10.90

Mazda Motor ROCE % Calculation

Mazda Motor'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 )
	=	1246.982	/	( ( (22728.432 - 6883.531)	+	(22774.521 - 8812.97) )	/ 2 )
	=	1246.982	/	( (15844.901	+	13961.551)	/ 2 )
	=	1246.982	/	14903.226
	=	8.37 %

Mazda Motor'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 )
	=	1531.18	/	( ( (22216.663 - 8214.868)	+	(22386.814 - 8302.738) )	/ 2 )
	=	1531.18	/	( ( 14001.795	+	14084.076 )	/ 2 )
	=	1531.18	/	14042.9355
	=	10.90 %

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

Mazda Motor (FRA:MZA) 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.

Mazda Motor ROCE % Related Terms

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Mazda Motor (FRA:MZA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mazda Motor Corp (FRA:MZA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MZDAY:USA MZDAF:USA 7261:Japan MZA0:Germany

Address

3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima, JPN, 730-8670

Website

http://www.mazda.com

Mazda Motor Corp is a Japanese automobile manufacturer. The company primarily manufactures passenger cars and commercial vehicles. Also, Mazda manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of Mazda's production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets. The company derives more than half its consolidated revenue from operations in Japan, followed by North America, and then Europe.

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