Prism Medical (Prism Medical) ROCE % : 15.33% (As of May. 2016)

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What is Prism Medical 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. Prism Medical's annualized ROCE % for the quarter that ended in May. 2016 was 15.33%.

Prism Medical ROCE % Historical Data

The historical data trend for Prism Medical'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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Prism Medical ROCE % Chart

Prism Medical Annual Data

Trend

Nov06

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

ROCE %

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22.51

9.88

0.43

62.54

4.15

Prism Medical Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16
ROCE %	Get a 7-Day Free Trial															7.68	-5.83	4.41	3.71	15.33

Prism Medical ROCE % Calculation

Prism Medical's annualized ROCE % for the fiscal year that ended in Nov. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2015 )		(A: Nov. 2014 )		(A: Nov. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2015 )		(A: Nov. 2014 )		(A: Nov. 2015 )
	=	0.975	/	( ( (41.052 - 15.443)	+	(38.407 - 16.977) )	/ 2 )
	=	0.975	/	( (25.609	+	21.43)	/ 2 )
	=	0.975	/	23.5195
	=	4.15 %

Prism Medical's ROCE % of for the quarter that ended in May. 2016 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2016 )		(Q: Feb. 2016 )		(Q: May. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2016 )		(Q: Feb. 2016 )		(Q: May. 2016 )
	=	3.252	/	( ( (37.671 - 16.799)	+	(41.195 - 19.652) )	/ 2 )
	=	3.252	/	( ( 20.872	+	21.543 )	/ 2 )
	=	3.252	/	21.2075
	=	15.33 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2016) EBIT data.

Prism Medical (OTCPK:PSDLF) 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.

Prism Medical ROCE % Related Terms

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Prism Medical (Prism Medical) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Prism Medical Ltd (OTCPK:PSDLF) » Definitions » ROCE %

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Website

http://www.prismmedicalltd.com

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom.

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