IMD International Medical Devices SpA (FRA:X74) ROCE % : 18.68% (As of Jun. 2023)

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What is IMD International Medical Devices SpA 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. IMD International Medical Devices SpA's annualized ROCE % for the quarter that ended in Jun. 2023 was 18.68%.

IMD International Medical Devices SpA ROCE % Historical Data

The historical data trend for IMD International Medical Devices SpA'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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IMD International Medical Devices SpA ROCE % Chart

IMD International Medical Devices SpA Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

49.70

29.88

17.02

IMD International Medical Devices SpA Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	35.82	27.17	18.68	-

IMD International Medical Devices SpA ROCE % Calculation

IMD International Medical Devices SpA'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 )
	=	3.692	/	( ( (32.799 - 14.191)	+	(36.187 - 11.411) )	/ 2 )
	=	3.692	/	( (18.608	+	24.776)	/ 2 )
	=	3.692	/	21.692
	=	17.02 %

IMD International Medical Devices SpA's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	3.476	/	( ( (32.799 - 14.191)	+	(0 - 0) )	/ 1 )
	=	3.476	/	( ( 18.608	+	0 )	/ 1 )
	=	3.476	/	18.608
	=	18.68 %

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

IMD International Medical Devices SpA (FRA:X74) 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.

IMD International Medical Devices SpA ROCE % Related Terms

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IMD International Medical Devices SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » IMD International Medical Devices SpA (FRA:X74) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IMD:Italy

Address

Via E. Fermi 26, Grassobbio, ITA, 24050

Website

https://www.inter-med.it

IMD International Medical Devices SpA is a company manufacturing X-ray medical equipment with a complete range of mobile imaging systems.

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