Mainichi Comnet Co (TSE:8908) ROCE % : 24.72% (As of May. 2024)

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What is Mainichi Comnet 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. Mainichi Comnet Co's annualized ROCE % for the quarter that ended in May. 2024 was 24.72%.

Mainichi Comnet Co ROCE % Historical Data

The historical data trend for Mainichi Comnet 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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Mainichi Comnet Co ROCE % Chart

Mainichi Comnet Co Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

ROCE %

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9.01

7.21

8.33

10.18

10.46

Mainichi Comnet Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															23.17	15.31	1.76	-0.72	24.72

Mainichi Comnet Co ROCE % Calculation

Mainichi Comnet Co's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	2281.331	/	( ( (27237.508 - 5716.295)	+	(28821.104 - 6703.688) )	/ 2 )
	=	2281.331	/	( (21521.213	+	22117.416)	/ 2 )
	=	2281.331	/	21819.3145
	=	10.46 %

Mainichi Comnet Co's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	5602.028	/	( ( (28230.16 - 5017.494)	+	(28821.104 - 6703.688) )	/ 2 )
	=	5602.028	/	( ( 23212.666	+	22117.416 )	/ 2 )
	=	5602.028	/	22665.041
	=	24.72 %

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

Mainichi Comnet Co (TSE:8908) 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.

Mainichi Comnet Co ROCE % Related Terms

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Mainichi Comnet Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainichi Comnet Co Ltd (TSE:8908) » Definitions » ROCE %

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N/A

Address

Otemachi 2-1-1 Otemachi Nomura Building, Hikaru 15 order, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.maicom.co.jp

Mainichi Comnet Co., Ltd. is a real estate company engaged in the development and consulting for apartments, student management, rental and business support student life travel business as well as arrangement planning and training camp of the Club Circle.

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