MORIO DENKI Co (TSE:6647) ROCE % : -0.42% (As of Dec. 2023)

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What is MORIO DENKI 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. MORIO DENKI Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.42%.

MORIO DENKI Co ROCE % Historical Data

The historical data trend for MORIO DENKI 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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MORIO DENKI Co ROCE % Chart

MORIO DENKI Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.11

9.50

6.96

9.28

5.49

MORIO DENKI Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.22	11.66	7.83	9.10	-0.42

MORIO DENKI Co ROCE % Calculation

MORIO DENKI Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	279.124	/	( ( (7945.207 - 2859.499)	+	(7774.012 - 2692.267) )	/ 2 )
	=	279.124	/	( (5085.708	+	5081.745)	/ 2 )
	=	279.124	/	5083.7265
	=	5.49 %

MORIO DENKI 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 )
	=	-22.3	/	( ( (7878.617 - 2540.838)	+	(7540.862 - 2281.752) )	/ 2 )
	=	-22.3	/	( ( 5337.779	+	5259.11 )	/ 2 )
	=	-22.3	/	5298.4445
	=	-0.42 %

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

MORIO DENKI Co (TSE:6647) 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.

MORIO DENKI Co ROCE % Related Terms

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MORIO DENKI Co (TSE:6647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MORIO DENKI Co Ltd (TSE:6647) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-34-1, Tateishi, Katsushika-ku, Tokyo, JPN, 125-0062

Website

http://www.morio.co.jp

MORIO DENKI CO., Ltd. is an electrical equipment manufacturer. The company supplies various kinds of electric and electronic equipment for public transportation uses, such as rolling stock component parts at the core, traffic information display system, and electric equipment for ships.

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