Meidensha (Meidensha) ROCE % : 10.69% (As of Dec. 2023)

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What is Meidensha 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. Meidensha's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.69%.

Meidensha ROCE % Historical Data

The historical data trend for Meidensha'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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Meidensha ROCE % Chart

Meidensha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.76

7.42

6.81

5.59

5.62

Meidensha 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															0.58	29.90	-5.02	2.02	10.69

Meidensha ROCE % Calculation

Meidensha'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 )
	=	83.942	/	( ( (2453.242 - 880.488)	+	(2299.717 - 885.105) )	/ 2 )
	=	83.942	/	( (1572.754	+	1414.612)	/ 2 )
	=	83.942	/	1493.683
	=	5.62 %

Meidensha'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 )
	=	137.6	/	( ( (2059.657 - 795.644)	+	(2189.337 - 880.051) )	/ 2 )
	=	137.6	/	( ( 1264.013	+	1309.286 )	/ 2 )
	=	137.6	/	1286.6495
	=	10.69 %

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

Meidensha (OTCPK:MEIVF) 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.

Meidensha ROCE % Related Terms

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Meidensha (Meidensha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meidensha Corp (OTCPK:MEIVF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6508:Japan MW7:Germany

Address

ThinkPark Tower, 2-1-1 Osaki, Shinagawa-ku, Tokyo, JPN, 141-6029

Website

http://www.meidensha.co.jp

Meidensha Corp is a Japan-based conglomerate that operates through four segments. The company's social infrastructure systems segment, which accounts for the majority of the company's sales, is engaged in businesses related to social infrastructure such as power generation and electricity transmission. The industrial system segment supplies industrial components, dynamometer systems, automatic guided vehicles, and other industrial products to the general manufacturing industry. The maintenance and service segment provides maintaining services. The real estate segment is involved in real estate rentals. The company generates the majority of its sales from the Japanese domestic market.

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