MIT Holdings Co (TSE:4016) ROCE % : 17.05% (As of Feb. 2024)

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What is MIT 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. MIT Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 17.05%.

MIT Holdings Co ROCE % Historical Data

The historical data trend for MIT 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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MIT Holdings Co ROCE % Chart

MIT Holdings Co Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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19.45

20.74

5.43

10.43

9.00

MIT Holdings Co Quarterly Data
	Nov18	Nov19	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial												-3.36	10.65	7.57	16.35	17.05

MIT Holdings Co ROCE % Calculation

MIT Holdings Co's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	108.769	/	( ( (1792.327 - 693.03)	+	(2274.294 - 957.738) )	/ 2 )
	=	108.769	/	( (1099.297	+	1316.556)	/ 2 )
	=	108.769	/	1207.9265
	=	9.00 %

MIT Holdings Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	221.584	/	( ( (2274.294 - 957.738)	+	(2314.564 - 1031.157) )	/ 2 )
	=	221.584	/	( ( 1316.556	+	1283.407 )	/ 2 )
	=	221.584	/	1299.9815
	=	17.05 %

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

MIT Holdings Co (TSE:4016) 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.

MIT Holdings Co ROCE % Related Terms

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MIT Holdings Co (TSE:4016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MIT Holdings Co Ltd (TSE:4016) » Definitions » ROCE %

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Address

2-6-1 Nakase, Chiba Mihama-ku, World Business Garden Marive West 24th Floor, Chiba, JPN, 261-7124

Website

https://www.mit-hd.co.jp

MIT Holdings Co Ltd is engaged in developing an information service business based on IT technology. The company's services include system integration services such as development, operation and maintenance, infrastructure construction; and solution services such as digital books, CAD, face recognition.

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