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Meiji Holdings Co (TSE:2269) 10-Year ROIIC %

: 13.18% (As of Mar. 2023)
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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Meiji Holdings Co's 10-Year ROIIC % for the quarter that ended in Mar. 2023 was 13.18%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Meiji Holdings Co's 10-Year ROIIC % or its related term are showing as below:

TSE:2269's 10-Year ROIIC % is ranked better than
72.81% of 1721 companies
in the Consumer Packaged Goods industry
Industry Median: 2.91 vs TSE:2269: 13.18

Meiji Holdings Co 10-Year ROIIC % Historical Data

The historical data trend for Meiji Holdings Co's 10-Year ROIIC % 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.

Meiji Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
10-Year ROIIC %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.48 25.95 20.05 22.44 13.18

Meiji Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
10-Year ROIIC % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 13.18 - - -

Competitive Comparison

For the Packaged Foods subindustry, Meiji Holdings Co's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Meiji Holdings Co 10-Year ROIIC % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Meiji Holdings Co's 10-Year ROIIC % falls into.



Meiji Holdings Co 10-Year ROIIC % Calculation

Meiji Holdings Co's 10-Year ROIIC % for the quarter that ended in Mar. 2023 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 56530.2396 (Mar. 2023) - 17278.9838 (Mar. 2013) )/( 949087 (Mar. 2023) - 651284 (Mar. 2013) )
=39251.2558/297803
=13.18%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Meiji Holdings Co  (TSE:2269) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Meiji Holdings Co 10-Year ROIIC % Related Terms

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Meiji Holdings Co (TSE:2269) Business Description

Traded in Other Exchanges
Address
4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (TSE:2269) Headlines

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