MEISEI INDUSTRIAL Co (TSE:1976) ROCE % : 0.00% (As of Sep. 2024)

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What is MEISEI INDUSTRIAL 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. MEISEI INDUSTRIAL Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

MEISEI INDUSTRIAL Co ROCE % Historical Data

The historical data trend for MEISEI INDUSTRIAL 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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MEISEI INDUSTRIAL Co ROCE % Chart

MEISEI INDUSTRIAL Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.02

11.90

9.56

11.25

13.06

MEISEI INDUSTRIAL Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															6.22	12.24	13.15	21.09	-

MEISEI INDUSTRIAL Co ROCE % Calculation

MEISEI INDUSTRIAL 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 )
	=	8552	/	( ( (77508 - 14056)	+	(84432 - 16956) )	/ 2 )
	=	8552	/	( (63452	+	67476)	/ 2 )
	=	8552	/	65464
	=	13.06 %

MEISEI INDUSTRIAL 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (84432 - 16956)	+	(84892 - 14155) )	/ 2 )
	=	0	/	( ( 67476	+	70737 )	/ 2 )
	=	0	/	69106.5
	=	0.00 %

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

MEISEI INDUSTRIAL Co (TSE:1976) 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.

MEISEI INDUSTRIAL Co ROCE % Related Terms

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MEISEI INDUSTRIAL Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MEISEI INDUSTRIAL Co Ltd (TSE:1976) » Definitions » ROCE %

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Address

1-8-5 Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003

Website

http://www.meisei-kogyo.co.jp

MEISEI INDUSTRIAL Co Ltd is principally engaged in the construction works business. The company operates through two segments namely Construction and Boiler. Its Construction segment is involved in manufacturing, sale, and operations related to insulation work, interior decorating and other related activities. The Boiler segment comprises of installation operation related to boiler facilities and industrial machinery. Its geographical area of operations includes Japan, Asia, and other countries.

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