Imdex (ASX:IMD) ROCE % : 9.16% (As of Dec. 2023)

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What is Imdex 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. Imdex's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.16%.

Imdex ROCE % Historical Data

The historical data trend for Imdex'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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Imdex ROCE % Chart

Imdex Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.26

11.96

15.67

19.81

11.13

Imdex Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															22.90	16.28	20.05	8.94	9.16

Imdex ROCE % Calculation

Imdex's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	58.641	/	( ( (393.61 - 53.565)	+	(806.144 - 92.555) )	/ 2 )
	=	58.641	/	( (340.045	+	713.589)	/ 2 )
	=	58.641	/	526.817
	=	11.13 %

Imdex's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	64.202	/	( ( (806.144 - 92.555)	+	(783.135 - 94.542) )	/ 2 )
	=	64.202	/	( ( 713.589	+	688.593 )	/ 2 )
	=	64.202	/	701.091
	=	9.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Imdex (ASX:IMD) 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.

Imdex ROCE % Related Terms

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Imdex (ASX:IMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Imdex Ltd (ASX:IMD) » Definitions » ROCE %

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IMDXF:USA

Address

216 Balcatta Road, Balcatta, Perth, WA, AUS, 6021

Website

https://www.imdexlimited.com

Imdex Ltd is an Australia-based company engaged in providing mining, equipment, technology, and services. It operates in the Minerals sector which involves the principal activities of providing drilling fluid products, advanced downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals sector. The group operates in the Americas; Asia Pacific and Africa/Europe. It derives a majority of revenue from the Americas.

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