Mitsui Matsushima Holdings Co (TSE:1518) ROCE % : 5.66% (As of Mar. 2024)

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What is Mitsui Matsushima Holdings 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. Mitsui Matsushima Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.66%.

Mitsui Matsushima Holdings Co ROCE % Historical Data

The historical data trend for Mitsui Matsushima Holdings 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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Mitsui Matsushima Holdings Co ROCE % Chart

Mitsui Matsushima Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.65

-3.80

17.66

58.50

32.35

Mitsui Matsushima Holdings Co 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															50.53	60.42	39.43	26.75	5.66

Mitsui Matsushima Holdings Co ROCE % Calculation

Mitsui Matsushima Holdings 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 )
	=	23739	/	( ( (95025 - 26330)	+	(99740 - 21666) )	/ 2 )
	=	23739	/	( (68695	+	78074)	/ 2 )
	=	23739	/	73384.5
	=	32.35 %

Mitsui Matsushima Holdings Co'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 )
	=	4468	/	( ( (103712 - 23887)	+	(99740 - 21666) )	/ 2 )
	=	4468	/	( ( 79825	+	78074 )	/ 2 )
	=	4468	/	78949.5
	=	5.66 %

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

Mitsui Matsushima Holdings Co (TSE:1518) 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 Matsushima Holdings Co ROCE % Related Terms

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Mitsui Matsushima Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mitsui Matsushima Holdings Co Ltd (TSE:1518) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Otemon 1 - 12 Chuo - ku, Otemon Pineville 10 Floor - 11 Floor, Fukuoka, JPN, 810-8527

Website

http://www.mitsui-matsushima.co.jp

Mitsui Matsushima Holdings Co Ltd mainly imports coking coal for steel works and steaming coal for power utilities and cement works from Australia, Canada, the People's Republic of China, Indonesia, the Russian Federation and other countries.

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