MrMax Holdings (TSE:8203) ROCE % : 3.87% (As of Nov. 2023)

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What is MrMax Holdings 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. MrMax Holdings's annualized ROCE % for the quarter that ended in Nov. 2023 was 3.87%.

MrMax Holdings ROCE % Historical Data

The historical data trend for MrMax Holdings'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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MrMax Holdings ROCE % Chart

MrMax Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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6.13

4.10

10.68

8.35

8.15

MrMax Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															4.18	8.69	5.05	8.53	3.87

MrMax Holdings ROCE % Calculation

MrMax Holdings's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	4548	/	( ( (82216 - 26717)	+	(81932 - 25854) )	/ 2 )
	=	4548	/	( (55499	+	56078)	/ 2 )
	=	4548	/	55788.5
	=	8.15 %

MrMax Holdings's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	2140	/	( ( (82429 - 28881)	+	(85816 - 28880) )	/ 2 )
	=	2140	/	( ( 53548	+	56936 )	/ 2 )
	=	2140	/	55242
	=	3.87 %

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

MrMax Holdings (TSE:8203) 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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MrMax Holdings (TSE:8203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » MrMax Holdings Ltd (TSE:8203) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-7 Matsuda, Higashi-ku, Fukuoka, JPN, 812-0064

Website

http://www.mrmax.co.jp

MrMax Holdings Ltd is an online and physical discount store that sells household and consumer products. The company offers products such as T.V, phones, kitchen and household electronic appliances, sanitary products, clothes, sports goods, foods, and beverages, carry cases, and others.

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