Mizuho Leasing Co (TSE:8425) ROCE % : 3.97% (As of Dec. 2023)

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What is Mizuho Leasing 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. Mizuho Leasing Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.97%.

Mizuho Leasing Co ROCE % Historical Data

The historical data trend for Mizuho Leasing 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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Mizuho Leasing Co ROCE % Chart

Mizuho Leasing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.19

2.86

3.04

1.83

3.23

Mizuho Leasing Co 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															4.22	1.76	3.03	4.51	3.97

Mizuho Leasing Co ROCE % Calculation

Mizuho Leasing Co'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 )
	=	41649	/	( ( (2748810 - 1548375)	+	(2954634 - 1573455) )	/ 2 )
	=	41649	/	( (1200435	+	1381179)	/ 2 )
	=	41649	/	1290807
	=	3.23 %

Mizuho Leasing Co'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 )
	=	60284	/	( ( (3182602 - 1674520)	+	(3170603 - 1643852) )	/ 2 )
	=	60284	/	( ( 1508082	+	1526751 )	/ 2 )
	=	60284	/	1517416.5
	=	3.97 %

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

Mizuho Leasing Co (TSE:8425) 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.

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Mizuho Leasing Co (TSE:8425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mizuho Leasing Co Ltd (TSE:8425) » Definitions » ROCE %

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Address

2-6 Toranomon 1-chome, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.mizuho-ls.co.jp

Mizuho Leasing Co Ltd is a Japanese firm which provides total financial services to a range of customers from large companies to small and medium-sized companies. The company has four segments namely Leasing, Installment Sales, Loans and Other. The Leasing segment is engaged in leasing and renting services for industrial machinery, transportation equipment, and information-related equipment. Installment Sales segment is engaged in installment sales of production equipment, construction and engineering machinery, and commercial equipment. Loans segment is engaged in corporate finance, vessel finance, and factoring services. Other segment is engaged in investing in securities that are held for the purpose of generating operational revenues, as well as engaged in assurance services.

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