MISUMI Group (MISUMI Group) ROCE % : 9.14% (As of Mar. 2024)

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What is MISUMI Group 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. MISUMI Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.14%.

MISUMI Group ROCE % Historical Data

The historical data trend for MISUMI Group'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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MISUMI Group ROCE % Chart

MISUMI Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.62

9.97

18.18

14.11

10.74

MISUMI Group 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															9.24	11.54	11.56	13.02	9.14

MISUMI Group ROCE % Calculation

MISUMI Group'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 )
	=	262.758	/	( ( (2831.407 - 366.156)	+	(2760.118 - 333.263) )	/ 2 )
	=	262.758	/	( (2465.251	+	2426.855)	/ 2 )
	=	262.758	/	2446.053
	=	10.74 %

MISUMI Group'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 )
	=	220.268	/	( ( (2691.783 - 296.746)	+	(2760.118 - 333.263) )	/ 2 )
	=	220.268	/	( ( 2395.037	+	2426.855 )	/ 2 )
	=	220.268	/	2410.946
	=	9.14 %

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

MISUMI Group (OTCPK:MSSMY) 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.

MISUMI Group ROCE % Related Terms

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MISUMI Group (MISUMI Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (OTCPK:MSSMY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MSUXF:USA 9962:Japan MS3:Germany

Address

Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583

Website

http://www.misumi.co.jp

MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

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