ICARES Medicus (ROCO:6612) ROCE % : 8.80% (As of Mar. 2024)

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What is ICARES Medicus 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. ICARES Medicus's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.80%.

ICARES Medicus ROCE % Historical Data

The historical data trend for ICARES Medicus'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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ICARES Medicus ROCE % Chart

ICARES Medicus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.08

10.08

9.06

15.96

8.81

ICARES Medicus 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															12.97	18.42	15.66	-1.00	8.80

ICARES Medicus ROCE % Calculation

ICARES Medicus's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	120.461	/	( ( (1043.411 - 93.004)	+	(1908.658 - 123.736) )	/ 2 )
	=	120.461	/	( (950.407	+	1784.922)	/ 2 )
	=	120.461	/	1367.6645
	=	8.81 %

ICARES Medicus'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 )
	=	159.408	/	( ( (1908.658 - 123.736)	+	(1997.002 - 158.846) )	/ 2 )
	=	159.408	/	( ( 1784.922	+	1838.156 )	/ 2 )
	=	159.408	/	1811.539
	=	8.80 %

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

ICARES Medicus (ROCO:6612) 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.

ICARES Medicus ROCE % Related Terms

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ICARES Medicus (ROCO:6612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ICARES Medicus Inc (ROCO:6612) » Definitions » ROCE %

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N/A

Address

Number 16, Sec.2, Sheng Yi Road, 4th Floor, Hsinchu County, Zhubei, TWN, 30261

Website

https://www.icaresmedicus.com

ICARES Medicus Inc is engaged in providing high-grade nanomedical lubricious coatings and various surface treatments for implantable or interventional medical devices and designing, development, manufacturing and sale of intraocular lenses and nanomedical devices. Its products include Artificial Lens.

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