IMC (International Market Centers) ROC %: 2.76% (As of Dec. 2014)


What is International Market Centers ROC %?

International Market Centers IMC ROC % is 2.76% as of Dec. 2014.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. International Market Centers's annualized return on capital (ROC %) for the quarter that ended in Dec. 2014 was 2.76%.

As of today (2026-06-27), International Market Centers's WACC % is 0.00%. International Market Centers's ROC % is 0.00% (calculated using TTM income statement data). International Market Centers earns returns that do not match up to its cost of capital. It will destroy value as it grows.

International Market Centers  (NYSE:IMC) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, International Market Centers's WACC % is 0.00%. International Market Centers's ROC % is 0.00% (calculated using TTM income statement data). International Market Centers earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

International Market Centers ROC % Related Terms

International Market Centers ROC % Historical Data

* Premium members only.

The historical data trend for International Market Centers's ROC % 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.

International Market Centers ROC % Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
ROC %
-3.68 0.38 2.76

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
ROC % -3.68 0.38 2.76

International Market Centers ROC % Calculation

International Market Centers's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2014 is calculated as:

ROC % (A: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2013 ) + Invested Capital (A: Dec. 2014 ))/ count )
=21.12 * ( 1 - 0% )/( (789.53 + 740.33)/ 2 )
=21.12/764.93
=2.76 %

where

Invested Capital(A: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=839.341 - 26.876 - ( 22.935 - max(0, 30.373 - 97.623+22.935))
=789.53

Invested Capital(A: Dec. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=788.612 - 24.105 - ( 24.177 - max(0, 27.349 - 68.745+24.177))
=740.33

International Market Centers's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2014 is calculated as:

ROC % (Q: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2013 ) + Invested Capital (Q: Dec. 2014 ))/ count )
=21.12 * ( 1 - 0% )/( (789.53 + 740.33)/ 2 )
=21.12/764.93
=2.76 %

where

Invested Capital(Q: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=839.341 - 26.876 - ( 22.935 - max(0, 30.373 - 97.623+22.935))
=789.53

Invested Capital(Q: Dec. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=788.612 - 24.105 - ( 24.177 - max(0, 27.349 - 68.745+24.177))
=740.33

Note: The Operating Income data used here is one times the annual (Dec. 2014) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 2.76% mean?
International Market Centers (IMC) has a ROC % of 2.76% as of Dec. 2014. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on International Market Centers and its competitors.
Is International Market Centers' ROC % too high?
International Market Centers' current ROC % is 2.76%. The REITs industry median ROC % is 3.74. International Market Centers' value of 2.76% is 26.2% below this industry median.
How does International Market Centers' ROC % compare to HMG and AIII?
International Market Centers' ROC % of 2.76% can be compared against companies in the REITs industry. The industry median ROC % is 3.74. International Market Centers' value of 2.76% is 26.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a REITs company?
The median ROC % among REITs companies is 3.74, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Market Centers's current ROC % of 2.76% is 26.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on International Market Centers and its competitors. For the REITs industry, the median ROC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Market Centers's current ROC % is 2.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Market Centers stock overvalued right now?
International Market Centers (IMC) has a current ROC % of 2.76%. The current ROC % is 2.76% and 26.2% below the REITs industry median of 3.74. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For International Market Centers (IMC), the current ROC % is 2.76% as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.