Mitsubishi Logisnext Co (TSE:7105) ROCE % : 7.96% (As of Mar. 2024)

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What is Mitsubishi Logisnext 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. Mitsubishi Logisnext Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.96%.

Mitsubishi Logisnext Co ROCE % Historical Data

The historical data trend for Mitsubishi Logisnext 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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Mitsubishi Logisnext Co ROCE % Chart

Mitsubishi Logisnext Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.02

0.26

1.97

6.56

14.88

Mitsubishi Logisnext Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.86	15.84	17.30	17.09	7.96

Mitsubishi Logisnext Co ROCE % Calculation

Mitsubishi Logisnext Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	43511	/	( ( (475432 - 208709)	+	(531495 - 213374) )	/ 2 )
	=	43511	/	( (266723	+	318121)	/ 2 )
	=	43511	/	292422
	=	14.88 %

Mitsubishi Logisnext Co'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	24924	/	( ( (509936 - 201633)	+	(531495 - 213374) )	/ 2 )
	=	24924	/	( ( 308303	+	318121 )	/ 2 )
	=	24924	/	313212
	=	7.96 %

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

Mitsubishi Logisnext Co (TSE:7105) 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 Logisnext Co ROCE % Related Terms

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Mitsubishi Logisnext Co (TSE:7105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mitsubishi Logisnext Co Ltd (TSE:7105) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-1 Higashikotari, Nagaokakyo-shi, Kyoto, JPN, 617-8585

Website

http://www.logisnext.com

Mitsubishi Logisnext Co Ltd is the manufacturer of material handling equipment. Principally, it is engaged in the development, design, manufacture, and sale of electric and engine-powered forklifts, transportation robots, automated warehouses, local area network and other logistics equipment and systems, electric vehicles, and monorails. The company offers trucks, electric counterbalanced trucks, low lifters, loaders, order pickers, multi-directional trucks, lateral stacking trucks, stackers, power pallet trucks, and towing tractors.

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