Mitsui Chemicals (STU:MSI) ROCE % : 4.25% (As of Sep. 2024)

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What is Mitsui Chemicals 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. Mitsui Chemicals's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.25%.

Mitsui Chemicals ROCE % Historical Data

The historical data trend for Mitsui Chemicals'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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Mitsui Chemicals ROCE % Chart

Mitsui Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.73

7.39

13.17

9.91

5.67

Mitsui Chemicals 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															6.08	8.42	5.48	8.32	4.25

Mitsui Chemicals ROCE % Calculation

Mitsui Chemicals'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 )
	=	540.35	/	( ( (14451.889 - 4859.523)	+	(13606.812 - 4154.709) )	/ 2 )
	=	540.35	/	( (9592.366	+	9452.103)	/ 2 )
	=	540.35	/	9522.2345
	=	5.67 %

Mitsui Chemicals'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 )
	=	415.3	/	( ( (0 - 0)	+	(13256.569 - 3492.366) )	/ 1 )
	=	415.3	/	( ( 0	+	9764.203 )	/ 1 )
	=	415.3	/	9764.203
	=	4.25 %

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

Mitsui Chemicals (STU:MSI) 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.

Mitsui Chemicals ROCE % Related Terms

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Mitsui Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (STU:MSI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MITUY:USA MITUF:USA 4183:Japan MSI:Germany

Address

1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122

Website

http://group.mitsuichemicals.com

Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.