Mitsubishi Gas Chemical Co (TSE:4182) ROCE % : 7.95% (As of Dec. 2023)

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What is Mitsubishi Gas Chemical 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. Mitsubishi Gas Chemical Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.95%.

Mitsubishi Gas Chemical Co ROCE % Historical Data

The historical data trend for Mitsubishi Gas Chemical 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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Mitsubishi Gas Chemical Co ROCE % Chart

Mitsubishi Gas Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.77

7.79

10.08

9.36

7.76

Mitsubishi Gas Chemical 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															3.53	12.07	8.89	7.95	1.25

Mitsubishi Gas Chemical Co ROCE % Calculation

Mitsubishi Gas Chemical 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 )
	=	63451	/	( ( (1029317 - 220442)	+	(1068010 - 241480) )	/ 2 )
	=	63451	/	( (808875	+	826530)	/ 2 )
	=	63451	/	817702.5
	=	7.76 %

Mitsubishi Gas Chemical Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	66776	/	( ( (1163009 - 288582)	+	(1060801 - 256169) )	/ 2 )
	=	66776	/	( ( 874427	+	804632 )	/ 2 )
	=	66776	/	839529.5
	=	7.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Mitsubishi Gas Chemical Co (TSE:4182) 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.

Mitsubishi Gas Chemical Co ROCE % Related Terms

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Mitsubishi Gas Chemical Co (TSE:4182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (TSE:4182) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

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