Nittetsu Mining Co (TSE:1515) ROCE % : 6.49% (As of Sep. 2024)

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What is Nittetsu Mining 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. Nittetsu Mining Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.49%.

Nittetsu Mining Co ROCE % Historical Data

The historical data trend for Nittetsu Mining 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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Nittetsu Mining Co ROCE % Chart

Nittetsu Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.08

5.11

11.37

9.44

7.20

Nittetsu Mining 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															9.23	6.79	3.82	15.46	6.49

Nittetsu Mining Co ROCE % Calculation

Nittetsu Mining 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 )
	=	12077	/	( ( (208335 - 48258)	+	(229577 - 54230) )	/ 2 )
	=	12077	/	( (160077	+	175347)	/ 2 )
	=	12077	/	167712
	=	7.20 %

Nittetsu Mining 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 )
	=	11704	/	( ( (0 - 0)	+	(233443 - 53005) )	/ 1 )
	=	11704	/	( ( 0	+	180438 )	/ 1 )
	=	11704	/	180438
	=	6.49 %

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

Nittetsu Mining Co (TSE:1515) 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.

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Nittetsu Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nittetsu Mining Co Ltd (TSE:1515) » Definitions » ROCE %

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Address

Yusen Building 3-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8377

Website

https://www.nittetsukou.co.jp

Nittetsu Mining Co Ltd is a Japanese mining company that deals in both metal and non-metal mineral resources. The company comprises the following main business segments - Non-Metallic Minerals, Metallic Minerals, Machinery and Environmental Engineering, Real Estate, and Renewable Energy. The company also involved in the purchasing and distribution of coal and petroleum products, machinery and environment-related products.

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