Mitsubishi Research Institute (TSE:3636) ROCE % : 30.62% (As of Mar. 2024)

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What is Mitsubishi Research Institute 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. Mitsubishi Research Institute's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.62%.

Mitsubishi Research Institute ROCE % Historical Data

The historical data trend for Mitsubishi Research Institute'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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Mitsubishi Research Institute ROCE % Chart

Mitsubishi Research Institute Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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8.90

15.18

10.08

14.92

11.24

Mitsubishi Research Institute 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															32.99	-1.48	0.87	10.99	30.62

Mitsubishi Research Institute ROCE % Calculation

Mitsubishi Research Institute's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	9643	/	( ( (114652 - 30239)	+	(118009 - 30777) )	/ 2 )
	=	9643	/	( (84413	+	87232)	/ 2 )
	=	9643	/	85822.5
	=	11.24 %

Mitsubishi Research Institute'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 )
	=	27472	/	( ( (115144 - 27763)	+	(130392 - 38342) )	/ 2 )
	=	27472	/	( ( 87381	+	92050 )	/ 2 )
	=	27472	/	89715.5
	=	30.62 %

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

Mitsubishi Research Institute (TSE:3636) 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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Mitsubishi Research Institute (TSE:3636) Business Description

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Address

10-3, Nagatacho 2-Chome Chiyoda-Ku, Tokyo, JPN, 100-8141

Website

http://www.mri.co.jp

Mitsubishi Research Institute Inc is an international research and consulting firm. The company assists its clients in developing comprehensive solutions to meet their diverse needs by integrating think-tank, consulting and IT solution services. The Think Tank and Consulting segment offers research, survey analysis, project appraisal, strategic planning, and other organizational development services. The IT Solutions segment provides IT support and consulting, software development, data processing, system machinery, core system outsourcing, and business process outsourcing services. The business activity is primarily functioned through the regions of Japan.

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