MIRAI (FRA:837) ROCE % : 3.54% (As of Apr. 2023)

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What is MIRAI 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. MIRAI's annualized ROCE % for the quarter that ended in Apr. 2023 was 3.54%.

MIRAI ROCE % Historical Data

The historical data trend for MIRAI'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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MIRAI ROCE % Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

ROCE %

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3.30

3.79

3.46

2.96

3.09

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROCE %	Get a 7-Day Free Trial									2.96	3.19	3.10	3.07	3.54

MIRAI ROCE % Calculation

MIRAI's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	34.732	/	( ( (1228.566 - 88.894)	+	(1192.675 - 87.736) )	/ 2 )
	=	34.732	/	( (1139.672	+	1104.939)	/ 2 )
	=	34.732	/	1122.3055
	=	3.09 %

MIRAI's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	37.788	/	( ( (1192.675 - 87.736)	+	(1192.176 - 161.742) )	/ 2 )
	=	37.788	/	( ( 1104.939	+	1030.434 )	/ 2 )
	=	37.788	/	1067.6865
	=	3.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2023) EBIT data.

MIRAI (FRA:837) 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.

MIRAI ROCE % Related Terms

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MIRAI (FRA:837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (FRA:837) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3476:Japan

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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