Macnica Holdings (TSE:3132) ROCE % : 21.62% (As of Dec. 2023)

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What is Macnica Holdings 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. Macnica Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.62%.

Macnica Holdings ROCE % Historical Data

The historical data trend for Macnica Holdings'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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Macnica Holdings ROCE % Chart

Macnica Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.56

7.32

10.78

20.64

28.58

Macnica Holdings 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															32.35	30.54	35.49	29.77	21.62

Macnica Holdings ROCE % Calculation

Macnica Holdings'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 )
	=	60049	/	( ( (362584 - 161249)	+	(517620 - 298764) )	/ 2 )
	=	60049	/	( (201335	+	218856)	/ 2 )
	=	60049	/	210095.5
	=	28.58 %

Macnica Holdings'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 )
	=	54104	/	( ( (551041 - 300951)	+	(516847 - 266370) )	/ 2 )
	=	54104	/	( ( 250090	+	250477 )	/ 2 )
	=	54104	/	250283.5
	=	21.62 %

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

Macnica Holdings (TSE:3132) 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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Macnica Holdings (TSE:3132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Macnica Holdings Inc (TSE:3132) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-3 Shinyokohama, Kohoku Ward, Kanagawa Prefecture, Yokohama, JPN

Website

http://www.macfehd.co.jp

Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business and the Network Business. The IC, Electronic Devices, and Other Business handle the sales of products such as ICs and electronic devices and the Network Business is responsible for the sales of network-related hardware, software, and services.

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