Mitsubishi Paper Mills (TSE:3864) ROCE % : -6.74% (As of Dec. 2023)

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What is Mitsubishi Paper Mills 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 Paper Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.74%.

Mitsubishi Paper Mills ROCE % Historical Data

The historical data trend for Mitsubishi Paper Mills'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 Paper Mills ROCE % Chart

Mitsubishi Paper Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.82

-1.15

1.92

-0.38

6.33

Mitsubishi Paper Mills 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															8.68	5.54	5.17	-6.74	22.04

Mitsubishi Paper Mills ROCE % Calculation

Mitsubishi Paper Mills'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 )
	=	7840	/	( ( (227058 - 110457)	+	(235380 - 104272) )	/ 2 )
	=	7840	/	( (116601	+	131108)	/ 2 )
	=	7840	/	123854.5
	=	6.33 %

Mitsubishi Paper Mills's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7424	/	( ( (231622 - 119108)	+	(223098 - 115296) )	/ 2 )
	=	-7424	/	( ( 112514	+	107802 )	/ 2 )
	=	-7424	/	110158
	=	-6.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Mitsubishi Paper Mills (TSE:3864) 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.

Mitsubishi Paper Mills ROCE % Related Terms

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Mitsubishi Paper Mills (TSE:3864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mitsubishi Paper Mills Ltd (TSE:3864) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MPX:Germany

Address

2-10-14 Ryogoku, Sumida-ku, Tokyo, JPN, 130-0026

Website

http://www.mpm.co.jp

Mitsubishi Paper Mills Ltd is a paper and paper manufacturing company. The company manufactures printing paper, printing plate materials and printing systems supporting offset and other printing. Its segments consist of Paper and Pulp, Imaging Media, Speciality Materials and Warehouse and Transportation. The company generates maximum revenue from the Paper and Pulp segment. Its offers graphic arts material; photographic materials; inkjet media; thermo memory; battery separator; air filter and others. Geographically, it derives a majority of revenue from Japan and also has a presence in Europe; Asia; North America and Other Countries.

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