Kankyou No Mikata (TSE:9224) ROCE % : 5.39% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Kankyou No Mikata 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. Kankyou No Mikata's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.39%.

Kankyou No Mikata ROCE % Historical Data

The historical data trend for Kankyou No Mikata'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.

Kankyou No Mikata ROCE % Chart

Kankyou No Mikata Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-2.18

1.65

6.23

4.66

Kankyou No Mikata Semi-Annual Data
	Sep20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			9.55	3.42	2.74	7.12	5.39

Kankyou No Mikata ROCE % Calculation

Kankyou No Mikata's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	151.877	/	( ( (3708.995 - 920.214)	+	(5037.98 - 1309.7) )	/ 2 )
	=	151.877	/	( (2788.781	+	3728.28)	/ 2 )
	=	151.877	/	3258.5305
	=	4.66 %

Kankyou No Mikata's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	213.772	/	( ( (5037.98 - 1309.7)	+	(5876.134 - 1672.735) )	/ 2 )
	=	213.772	/	( ( 3728.28	+	4203.399 )	/ 2 )
	=	213.772	/	3965.8395
	=	5.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Kankyou No Mikata (TSE:9224) 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.

Kankyou No Mikata ROCE % Related Terms

Thank you for viewing the detailed overview of Kankyou No Mikata's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kankyou No Mikata (TSE:9224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kankyou No Mikata Inc (TSE:9224) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1019 Kamishinden, Shizuoka Prefecture, Yaizu, JPN, 421-0206

Website

https://www.kankyounomikata.co.jp

Kankyou No Mikata Inc is a is a general waste collection and transportation business. The company collect garbage in Yaizu City, Fujieda City, Shimada City, Yoshida Town, Makinohara City, Omaezaki City, and Kawanehon Town in Shizuoka Prefecture. It operations includes regular collection of business waste to collection of oversized waste and waste generated by moving and cleaning up.

Kankyou No Mikata (TSE:9224) Headlines

No Headlines