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Image Scan Holdings (LSE:IGE) ROCE % : 39.59% (As of Sep. 2024)


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What is Image Scan Holdings 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. Image Scan Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 39.59%.

Image Scan Holdings ROCE % Historical Data

The historical data trend for Image Scan Holdings'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.

* Premium members only.

Image Scan Holdings ROCE % Chart

Image Scan Holdings Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.22 11.45 -20.20 6.39 12.26

Image Scan Holdings Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.13 2.71 10.18 -14.90 39.59

Image Scan Holdings ROCE % Calculation

Image Scan Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=0.212/( ( (2.422 - 0.784) + (2.692 - 0.871) )/ 2 )
=0.212/( (1.638+1.821)/ 2 )
=0.212/1.7295
=12.26 %

Image Scan Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=0.658/( ( (2.256 - 0.753) + (2.692 - 0.871) )/ 2 )
=0.658/( ( 1.503 + 1.821 )/ 2 )
=0.658/1.662
=39.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

* 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.

Image Scan Holdings  (LSE:IGE) 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.

Image Scan Holdings ROCE % Related Terms

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Image Scan Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Image Scan Holdings PLC (LSE:IGE) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
Sileby Road, 16-18 Hayhill Industrial Estate, Loughborough, Barrow-upon-Soar, Leicestershire, GBR, LE12 8LD
Website
https://www.ish.co.uk
Image Scan Holdings PLC is an x-ray technology specialist operating globally in the security and industrial inspection sectors. Its principal activity is designing, manufacturing, and supply of portable and fixed x-ray security screening systems to governments, security organizations, and law enforcement agencies. It has only one business segment, being the continuing development and sale of X-ray imaging techniques and products. The company geographically operates in UK, Europe, the Middle East and Africa, Asia, Indian Subcontinent and America, out of which it derives maximum revenue from the Middle East and Africa.