Minami Acoustics (SZSE:301383) ROCE % : 9.72% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Minami Acoustics 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. Minami Acoustics's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.72%.

Minami Acoustics ROCE % Historical Data

The historical data trend for Minami Acoustics'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.

* Premium members only.

Minami Acoustics ROCE % Chart

Minami Acoustics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.57

36.85

24.93

9.30

11.22

Minami Acoustics Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									13.88	12.57	13.78	3.73	9.72

Minami Acoustics ROCE % Calculation

Minami Acoustics's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	142.725	/	( ( (1102.57 - 488.89)	+	(2555.296 - 624.175) )	/ 2 )
	=	142.725	/	( (613.68	+	1931.121)	/ 2 )
	=	142.725	/	1272.4005
	=	11.22 %

Minami Acoustics'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 )
	=	189.888	/	( ( (2555.296 - 624.175)	+	(2477.412 - 500.565) )	/ 2 )
	=	189.888	/	( ( 1931.121	+	1976.847 )	/ 2 )
	=	189.888	/	1953.984
	=	9.72 %

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

Minami Acoustics (SZSE:301383) 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.

Minami Acoustics ROCE % Related Terms

Thank you for viewing the detailed overview of Minami Acoustics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Minami Acoustics (SZSE:301383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minami Acoustics Ltd (SZSE:301383) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 66, Baokuang Road, Shangou Industrial Zone, Yudu County, Jiangxi, Ganzhou, CHN, 342300

Website

http://www.minamiacoustics.com

Minami Acoustics Ltd focuses on the research & development, production and sales of electroacoustic components and accessories, and has production and manufacturing bases in Zhongshan, Yudu and Malaysia respectively. The main business is the research and development, manufacturing and sales of micro electroacoustic components, consumer, industrial and vehicle-mounted electroacoustic products, and health acoustic products.

Minami Acoustics (SZSE:301383) Headlines

No Headlines