Maruyama MFG Co (TSE:6316) ROCE % : 9.56% (As of Mar. 2024)

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What is Maruyama 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. Maruyama MFG Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.56%.

Maruyama MFG Co ROCE % Historical Data

The historical data trend for Maruyama 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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Maruyama MFG Co ROCE % Chart

Maruyama MFG Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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2.34

3.90

6.14

8.17

8.56

Maruyama MFG 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															7.15	16.18	9.22	-4.62	9.56

Maruyama MFG Co ROCE % Calculation

Maruyama MFG Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	1793	/	( ( (34459 - 14293)	+	(36733 - 15001) )	/ 2 )
	=	1793	/	( (20166	+	21732)	/ 2 )
	=	1793	/	20949
	=	8.56 %

Maruyama MFG 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 )
	=	2068	/	( ( (35660 - 14601)	+	(38082 - 15886) )	/ 2 )
	=	2068	/	( ( 21059	+	22196 )	/ 2 )
	=	2068	/	21627.5
	=	9.56 %

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

Maruyama MFG Co (TSE:6316) 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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Maruyama MFG Co (TSE:6316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Maruyama MFG Co Inc (TSE:6316) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

4-15 , Uchikanda 3-chome, Tokyo, JPN

Website

http://www.maruyama.co.jp

Maruyama MFG Co Inc is a Japan-based company engaged in the manufacture and sale of agricultural machines and environmental sanitation machines. It also manufactures and sells firefighting equipment, industrial pumps, cleaning equipment, construction machinery, engines, cars and other vehicles used for agriculture. In addition, the group is also involved in the contracted design, construction of plumbing and fire-prevention equipment real estate and leasing business. The group conducts its business operations in Japan and internationally.

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