Menicon Co (STU:5FR) ROCE % : 8.87% (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Menicon 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. Menicon Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.87%.

Menicon Co ROCE % Historical Data

The historical data trend for Menicon 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.

* Premium members only.

Menicon Co ROCE % Chart

Menicon Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

10.57

9.76

9.57

9.62

5.58

Menicon Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.07	6.49	-0.22	8.43	8.87

Menicon Co ROCE % Calculation

Menicon Co'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 )
	=	47.198	/	( ( (1065.771 - 170.163)	+	(1104.182 - 307.363) )	/ 2 )
	=	47.198	/	( (895.608	+	796.819)	/ 2 )
	=	47.198	/	846.2135
	=	5.58 %

Menicon Co'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 )
	=	76.036	/	( ( (0 - 0)	+	(1155.492 - 298.264) )	/ 1 )
	=	76.036	/	( ( 0	+	857.228 )	/ 1 )
	=	76.036	/	857.228
	=	8.87 %

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

Menicon Co (STU:5FR) 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.

Menicon Co ROCE % Related Terms

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

Menicon Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Menicon Co Ltd (STU:5FR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MNNLF:USA 7780:Japan 5FR:Germany

Address

3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006

Website

http://www.menicon.com

Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.

Menicon Co Headlines

No Headlines