MSBPF (Mitsubishi Pencil Co) ROCE % : 19.08% (As of Jun. 2024)

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What is Mitsubishi Pencil 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. Mitsubishi Pencil Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 19.08%.

Mitsubishi Pencil Co ROCE % Historical Data

The historical data trend for Mitsubishi Pencil 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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Mitsubishi Pencil Co ROCE % Chart

Mitsubishi Pencil Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.02

5.74

7.48

8.53

11.61

Mitsubishi Pencil Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.14	8.23	17.02	10.51	19.08

Mitsubishi Pencil Co ROCE % Calculation

Mitsubishi Pencil Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	99.45	/	( ( (969.508 - 128.451)	+	(1010.352 - 137.504) )	/ 2 )
	=	99.45	/	( (841.057	+	872.848)	/ 2 )
	=	99.45	/	856.9525
	=	11.61 %

Mitsubishi Pencil Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	169.896	/	( ( (1127.957 - 249.902)	+	(1149.544 - 247.137) )	/ 2 )
	=	169.896	/	( ( 878.055	+	902.407 )	/ 2 )
	=	169.896	/	890.231
	=	19.08 %

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

Mitsubishi Pencil Co (OTCPK:MSBPF) 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 Pencil Co ROCE % Related Terms

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Mitsubishi Pencil Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Pencil Co Ltd (OTCPK:MSBPF) » Definitions » ROCE %

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7976:Japan

Address

5-23-37, Higashi-ohi, Shinagawa-ku, Tokyo, JPN, 140-8537

Website

http://www.mpuni.co.jp

Mitsubishi Pencil Co Ltd manufactures and distributes writing instruments, office supplies, and other products. The company operates in two business segments. The writing material and writing-material-related product segment is engaged in the manufacture and sale of pencils, ballpoint pens, rubbers, office automation equipment, correction tapes, sharpeners, cosmetics, and other products. The other segment provides adhesive tapes and handicraft products. The Japan-based company has operations across Europe, Asia, Oceania, and the Americas.

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