Micronics Japan Co (Micronics Japan Co) ROCE % : 21.45% (As of Mar. 2024)

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What is Micronics Japan 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. Micronics Japan Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.45%.

Micronics Japan Co ROCE % Historical Data

The historical data trend for Micronics Japan 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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Micronics Japan Co ROCE % Chart

Micronics Japan Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

ROCE %

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12.07

7.58

8.82

34.42

24.88

Micronics Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.67	-2.50	11.01	25.86	21.45

Micronics Japan Co ROCE % Calculation

Micronics Japan Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	76.848	/	( ( (436.93 - 124.911)	+	(403.106 - 97.387) )	/ 2 )
	=	76.848	/	( (312.019	+	305.719)	/ 2 )
	=	76.848	/	308.869
	=	24.88 %

Micronics Japan 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 )
	=	64.264	/	( ( (387.89 - 83.934)	+	(390.646 - 95.269) )	/ 2 )
	=	64.264	/	( ( 303.956	+	295.377 )	/ 2 )
	=	64.264	/	299.6665
	=	21.45 %

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

Micronics Japan Co (OTCPK:MJPNF) 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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Micronics Japan Co (Micronics Japan Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micronics Japan Co Ltd (OTCPK:MJPNF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6871:Japan MJ3:Germany

Address

2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508

Website

http://www.mjc.co.jp

Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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