Megmilk Snow Brand Co (TSE:2270) ROCE % : 14.60% (As of Mar. 2024)

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What is Megmilk Snow Brand 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. Megmilk Snow Brand Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.60%.

Megmilk Snow Brand Co ROCE % Historical Data

The historical data trend for Megmilk Snow Brand 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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Megmilk Snow Brand Co ROCE % Chart

Megmilk Snow Brand Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.01

8.29

6.30

4.59

9.39

Megmilk Snow Brand 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															5.76	7.63	8.00	6.91	14.60

Megmilk Snow Brand Co ROCE % Calculation

Megmilk Snow Brand 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 )
	=	28254	/	( ( (410130 - 116904)	+	(431222 - 122474) )	/ 2 )
	=	28254	/	( (293226	+	308748)	/ 2 )
	=	28254	/	300987
	=	9.39 %

Megmilk Snow Brand 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 )
	=	45000	/	( ( (427185 - 119395)	+	(431222 - 122474) )	/ 2 )
	=	45000	/	( ( 307790	+	308748 )	/ 2 )
	=	45000	/	308269
	=	14.60 %

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

Megmilk Snow Brand Co (TSE:2270) 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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Megmilk Snow Brand Co (TSE:2270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Megmilk Snow Brand Co Ltd (TSE:2270) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2270:Japan

Address

5-1, Yotsuya, Honshio-cho, Shinjuku-ku, Tokyo, JPN, 160-8575

Website

http://www.meg-snow.com

Megmilk Snow Brand Co Ltd is involved in manufacturing and selling cow's milk, milk products and other foods. The company has Dairy products, Beverages and Desserts, Feedstuffs and Seed products and International business domains. Its products include producing and selling of butter, margarine, processed cheese, natural cheese and condensed and skim milk, yogurts etc. The firm also operates in nutrition business, dairy products business and functional ingredients business.

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