Makita (Makita) ROCE % : 8.56% (As of Mar. 2024)

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What is Makita 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. Makita's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.56%.

Makita ROCE % Historical Data

The historical data trend for Makita'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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Makita ROCE % Chart

Makita Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.42

13.98

12.19

3.73

7.80

Makita Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.10	8.18	7.44	8.27	8.56

Makita ROCE % Calculation

Makita'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 )
	=	472.652	/	( ( (8224.717 - 2181.532)	+	(7047.242 - 971.008) )	/ 2 )
	=	472.652	/	( (6043.185	+	6076.234)	/ 2 )
	=	472.652	/	6059.7095
	=	7.80 %

Makita's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	517.08	/	( ( (6925.89 - 916.826)	+	(7047.242 - 971.008) )	/ 2 )
	=	517.08	/	( ( 6009.064	+	6076.234 )	/ 2 )
	=	517.08	/	6042.649
	=	8.56 %

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

Makita (OTCPK:MKTAY) 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.

Makita ROCE % Related Terms

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Makita (Makita) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

6586:Japan MK2A:Germany

Address

3-11-8, Sumiyoshi-cho, Aichi Prefecture, Anjo, JPN, 446-8502

Website

http://www.makita.co.jp

Makita manufactures and sells professional-grade power tools, outdoor power equipment, and other tools, such as lithium-ion battery-powered drills, impact drivers, lawn mowers, chainsaws, and hedge trimmers. The company was founded in 1915 as an electric motor sales and repair company in Nagoya, Japan, and later became a power tools manufacturer, since marketing its first portable electrical planer in Japan in 1958. While the company has local production bases in key regions globally, above 60% of its product volume is manufactured in China. Its headquarters is currently in Anjo, Japan.

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