Mitsubishi Chemical Group (TSE:4188) ROCE % : 7.06% (As of Dec. 2023)

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What is Mitsubishi Chemical Group 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 Chemical Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.06%.

Mitsubishi Chemical Group ROCE % Historical Data

The historical data trend for Mitsubishi Chemical Group'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 Chemical Group ROCE % Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.95

4.29

1.53

7.86

4.82

Mitsubishi Chemical Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.31	13.40	7.66	6.73	7.06

Mitsubishi Chemical Group ROCE % Calculation

Mitsubishi Chemical Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	199354	/	( ( (5573871 - 1419293)	+	(5773903 - 1663830) )	/ 2 )
	=	199354	/	( (4154578	+	4110073)	/ 2 )
	=	199354	/	4132325.5
	=	4.82 %

Mitsubishi Chemical Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	308280	/	( ( (6119725 - 1674324)	+	(5984611 - 1691336) )	/ 2 )
	=	308280	/	( ( 4445401	+	4293275 )	/ 2 )
	=	308280	/	4369338
	=	7.06 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Mitsubishi Chemical Group (TSE:4188) 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 Chemical Group ROCE % Related Terms

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Mitsubishi Chemical Group (TSE:4188) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (TSE:4188) » Definitions » ROCE %

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MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

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