Mitsui High-tec (TSE:6966) ROCE % : 13.58% (As of Jan. 2024)

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What is Mitsui High-tec 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. Mitsui High-tec's annualized ROCE % for the quarter that ended in Jan. 2024 was 13.58%.

Mitsui High-tec ROCE % Historical Data

The historical data trend for Mitsui High-tec'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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Mitsui High-tec ROCE % Chart

Mitsui High-tec Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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0.11

4.54

16.81

19.78

16.18

Mitsui High-tec Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															0.09	14.59	18.62	17.07	13.58

Mitsui High-tec ROCE % Calculation

Mitsui High-tec's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	21964	/	( ( (159803 - 37334)	+	(195696 - 46733) )	/ 2 )
	=	21964	/	( (122469	+	148963)	/ 2 )
	=	21964	/	135716
	=	16.18 %

Mitsui High-tec's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	20120	/	( ( (193043 - 45739)	+	(195696 - 46733) )	/ 2 )
	=	20120	/	( ( 147304	+	148963 )	/ 2 )
	=	20120	/	148133.5
	=	13.58 %

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

Mitsui High-tec (TSE:6966) 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.

Mitsui High-tec ROCE % Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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