Mitani (TSE:8066) ROCE % : 16.13% (As of Sep. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Mitani 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. Mitani's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.13%.

Mitani ROCE % Historical Data

The historical data trend for Mitani'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.

* Premium members only.

Mitani ROCE % Chart

Mitani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

12.20

13.17

12.94

13.72

15.67

Mitani 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															16.47	16.18	15.31	16.13	18.32

Mitani ROCE % Calculation

Mitani'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 )
	=	29598	/	( ( (270961 - 89624)	+	(299056 - 102677) )	/ 2 )
	=	29598	/	( (181337	+	196379)	/ 2 )
	=	29598	/	188858
	=	15.67 %

Mitani'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 )
	=	31952	/	( ( (0 - 0)	+	(289904 - 91766) )	/ 1 )
	=	31952	/	( ( 0	+	198138 )	/ 1 )
	=	31952	/	198138
	=	16.13 %

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

Mitani (TSE:8066) 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.

Mitani ROCE % Related Terms

Thank you for viewing the detailed overview of Mitani's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitani Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Corp (TSE:8066) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-5 Marunouchi, Tokyo Marunouchi North Exit Building, 2 Floor, Chiyoda-ku, Tokyo, JPN

Website

http://www.mitani-corp.co.jp

Mitani Corp is in the businesses of Information systems, Construction, Energy and other businesses. The firm's information systems business comprises of system integration focusing on planning, developing, managing and supporting computer systems, networks, and software as well as the sale of related devices. Construction business develops, sells and manages construction materials. Its energy business sells oil, petrochemical products, coal and liquid petroleum gas. Other businesses of the firm include wind power, industrial equipment, storage facilities, lease services, restaurant management and senior lifestyle businesses.

Mitani Headlines

No Headlines