Mortgage Service Japan (TSE:7192) ROCE % : 18.27% (As of Dec. 2023)

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What is Mortgage Service Japan 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. Mortgage Service Japan's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.27%.

Mortgage Service Japan ROCE % Historical Data

The historical data trend for Mortgage Service Japan'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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Mortgage Service Japan ROCE % Chart

Mortgage Service Japan Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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25.06

27.00

21.55

22.19

17.87

Mortgage Service Japan 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															19.57	10.74	16.26	18.24	18.27

Mortgage Service Japan ROCE % Calculation

Mortgage Service Japan'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 )
	=	1510.872	/	( ( (22501.26 - 14395.128)	+	(22207.591 - 13406.44) )	/ 2 )
	=	1510.872	/	( (8106.132	+	8801.151)	/ 2 )
	=	1510.872	/	8453.6415
	=	17.87 %

Mortgage Service Japan'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 )
	=	1672.12	/	( ( (22268.784 - 13264.845)	+	(22419.449 - 13120.991) )	/ 2 )
	=	1672.12	/	( ( 9003.939	+	9298.458 )	/ 2 )
	=	1672.12	/	9151.1985
	=	18.27 %

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

Mortgage Service Japan (TSE:7192) 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.

Mortgage Service Japan ROCE % Related Terms

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Mortgage Service Japan (TSE:7192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mortgage Service Japan Ltd (TSE:7192) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-1 Nishi-Shinbashi, Minato-ku, Landic 2nd Shimbashi Building, Tokyo, JPN, 105-0003

Website

http://www.m-s-j.jp

Mortgage Service Japan Ltd provides mortgage services. The Company offers house loans, defect warranty liability insurance on houses as well as integrated housing-solutions such as system development, and cloud platform services. It also engaged in education, publishing, consulting field.

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