Mitsui (TSE:8031) ROCE % : 7.12% (As of Sep. 2024)

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What is Mitsui 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. Mitsui's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.12%.

Mitsui ROCE % Historical Data

The historical data trend for Mitsui'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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Mitsui ROCE % Chart

Mitsui Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.82

5.31

11.58

13.29

11.94

Mitsui Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.27	12.04	12.98	12.06	7.12

Mitsui ROCE % Calculation

Mitsui'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 )
	=	1470457	/	( ( (15380916 - 3766637)	+	(16899502 - 3891538) )	/ 2 )
	=	1470457	/	( (11614279	+	13007964)	/ 2 )
	=	1470457	/	12311121.5
	=	11.94 %

Mitsui'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 )
	=	903880	/	( ( (0 - 0)	+	(16295414 - 3600403) )	/ 1 )
	=	903880	/	( ( 0	+	12695011 )	/ 1 )
	=	903880	/	12695011
	=	7.12 %

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

Mitsui (TSE:8031) 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.

Mitsui ROCE % Related Terms

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Mitsui Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui & Co Ltd (TSE:8031) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MITSY:USA MITSF:USA 8031:Japan 8031:Japan 8031:Japan MTS1:Germany MTS1:Germany

Address

1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8631

Website

https://www.mitsui.com

Mitsui & Co Ltd is a general trading company with a wide range of business activities in the areas of iron and steel, mineral and metal resources, machinery and infrastructure, chemicals, energy, lifestyle, innovation, and corporate development. The firm also participates in the development of natural resources, and it has minority interests in several upstream resource projects, which include iron ore and coal projects in Australia; copper mining projects in Chile; and oil and gas projects in Asia, the Middle East, and the United States.

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