Mitsubishi Steel Mfg.Co (TSE:5632) ROCE % : 2.95% (As of Sep. 2024)

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What is Mitsubishi Steel Mfg.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 Steel Mfg.Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.95%.

Mitsubishi Steel Mfg.Co ROCE % Historical Data

The historical data trend for Mitsubishi Steel Mfg.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 Steel Mfg.Co ROCE % Chart

Mitsubishi Steel Mfg.Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-14.69

-5.78

11.44

6.14

2.37

Mitsubishi Steel Mfg.Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-3.14	1.39	3.40	2.95	8.86

Mitsubishi Steel Mfg.Co ROCE % Calculation

Mitsubishi Steel Mfg.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 )
	=	2435	/	( ( (156409 - 49388)	+	(147071 - 48659) )	/ 2 )
	=	2435	/	( (107021	+	98412)	/ 2 )
	=	2435	/	102716.5
	=	2.37 %

Mitsubishi Steel Mfg.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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2820	/	( ( (0 - 0)	+	(138232 - 42766) )	/ 1 )
	=	2820	/	( ( 0	+	95466 )	/ 1 )
	=	2820	/	95466
	=	2.95 %

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

Mitsubishi Steel Mfg.Co (TSE:5632) 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 Steel Mfg.Co ROCE % Related Terms

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Mitsubishi Steel Mfg.Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mitsubishi Steel Mfg.Co Ltd (TSE:5632) » Definitions » ROCE %

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0BK:Germany

Address

Harumi Park Bldg., 2-22, Harumi 3-chome, Chuo-ku, Tokyo, JPN, 1048550

Website

http://www.mitsubishisteel.co.jp

Mitsubishi Steel Mfg.Co Ltd engages in the manufacture and sale of special steels, spring, casting and forging materials, and machinery. It offers its products in varied categories; special steel bars unit handles the manufacture and sale of steel bars that includes machine structural alloy steel, carbon steel for machine structural use, and bearing steel. Springs products include coil, leaf, and precision springs, press assembly, and shoe plate for rubber pad. Formed and fabricated products cover the manufacture and sale of steel and precision casting, precision machined component, alloy material, and special alloy and fine powder. Machinery business manufactures and sells press machine, general industrial and plant machinery, environmental equipment, and magnetic separator.

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