Mitsubishi HC Capital (TSE:8593) ROCE % : 1.92% (As of Sep. 2024)

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What is Mitsubishi HC Capital 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. Mitsubishi HC Capital's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.92%.

Mitsubishi HC Capital ROCE % Historical Data

The historical data trend for Mitsubishi HC Capital'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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Mitsubishi HC Capital ROCE % Chart

Mitsubishi HC Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.53

2.02

2.66

2.25

2.41

Mitsubishi HC Capital 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															1.71	2.15	3.04	3.03	1.92

Mitsubishi HC Capital ROCE % Calculation

Mitsubishi HC Capital'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 )
	=	178737	/	( ( (10726196 - 3512353)	+	(11149858 - 3545972) )	/ 2 )
	=	178737	/	( (7213843	+	7603886)	/ 2 )
	=	178737	/	7408864.5
	=	2.41 %

Mitsubishi HC Capital'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 )
	=	150652	/	( ( (0 - 0)	+	(11436397 - 3599336) )	/ 1 )
	=	150652	/	( ( 0	+	7837061 )	/ 1 )
	=	150652	/	7837061
	=	1.92 %

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

Mitsubishi HC Capital (TSE:8593) 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.

Mitsubishi HC Capital ROCE % Related Terms

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Mitsubishi HC Capital Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mitsubishi HC Capital Inc (TSE:8593) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MIUFY:USA 5B4:Germany

Address

5-1, Marunouchi 1-chome, Shin-Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6525

Website

https://www.mitsubishi-hc-capital.com

Mitsubishi HC Capital Inc is a provider of leases and rental solutions. It offers finance leases, operating leases, real estate leases, auto leases, carbon-neutral and green leases, personal computer rentals, measuring equipment rentals, machine tool rentals, as well as real estate-related finance, sales receivable factoring, medical fee factoring, installment sales, used machinery purchasing and sales, and insurance, among others.

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