Mitsubishi Logistics (TSE:9301) ROCE % : 3.08% (As of Mar. 2024)

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What is Mitsubishi Logistics 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 Logistics's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.08%.

Mitsubishi Logistics ROCE % Historical Data

The historical data trend for Mitsubishi Logistics'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 Logistics ROCE % Chart

Mitsubishi Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.29

13.24

5.72

8.69

7.44

Mitsubishi Logistics 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															8.82	6.24	4.48	16.76	3.08

Mitsubishi Logistics ROCE % Calculation

Mitsubishi Logistics'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 )
	=	39761	/	( ( (573689 - 90396)	+	(679143 - 93828) )	/ 2 )
	=	39761	/	( (483293	+	585315)	/ 2 )
	=	39761	/	534304
	=	7.44 %

Mitsubishi Logistics'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 )
	=	17076	/	( ( (634439 - 112334)	+	(679143 - 93828) )	/ 2 )
	=	17076	/	( ( 522105	+	585315 )	/ 2 )
	=	17076	/	553710
	=	3.08 %

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

Mitsubishi Logistics (TSE:9301) 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 Logistics (TSE:9301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsubishi Logistics Corp (TSE:9301) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MIB:Germany

Address

19-1, Nihonbashi, Nihonbashi Dia Building, 1-chome Chuo-ku, Tokyo, JPN, 103-8630

Website

http://www.mitsubishi-logistics.co.jp

Mitsubishi Logistics Corp is a logistics and real estate investment company, domiciled in Japan. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and lease office buildings and other commercial real estates. Mitsubishi Logistics derives the vast majority of revenue domestically.

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