Miraial Co (TSE:4238) ROCE % : 2.04% (As of Jan. 2024)

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What is Miraial 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. Miraial Co's annualized ROCE % for the quarter that ended in Jan. 2024 was 2.04%.

Miraial Co ROCE % Historical Data

The historical data trend for Miraial 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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Miraial Co ROCE % Chart

Miraial Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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6.58

7.99

9.34

11.51

6.88

Miraial Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															11.36	13.00	7.91	4.59	2.04

Miraial Co ROCE % Calculation

Miraial Co's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	1521.604	/	( ( (26574.539 - 4687.555)	+	(26531.597 - 4183.557) )	/ 2 )
	=	1521.604	/	( (21886.984	+	22348.04)	/ 2 )
	=	1521.604	/	22117.512
	=	6.88 %

Miraial Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	456.184	/	( ( (27129.109 - 4805.57)	+	(26531.597 - 4183.557) )	/ 2 )
	=	456.184	/	( ( 22323.539	+	22348.04 )	/ 2 )
	=	456.184	/	22335.7895
	=	2.04 %

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

Miraial Co (TSE:4238) 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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Miraial Co (TSE:4238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Miraial Co Ltd (TSE:4238) » Definitions » ROCE %

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Address

Tokyu Building, 1-18-2 Nishi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.miraial.co.jp

Miraial Co Ltd is a Japanese company engaged in the production and sale of products that are indispensable to the electronics materials and semiconductor industries. Miraial develops products mainly for the semiconductor industry based on the precision molding and processing technology for high-function plastics. Its products include Front Opening Unified Pod (FOUP), cassettes, boxes, shipping containers, handles, among others.

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