IMI (LSE:IMI) ROCE % : 21.67% (As of Dec. 2024)

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What is IMI 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. IMI's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.67%.

IMI ROCE % Historical Data

The historical data trend for IMI'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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IMI ROCE % Chart

IMI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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17.41

18.43

19.62

19.29

20.90

IMI Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															21.12	18.23	20.99	20.57	21.67

IMI ROCE % Calculation

IMI's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	354.9	/	( ( (2470.4 - 721.6)	+	(2490.5 - 843.9) )	/ 2 )
	=	354.9	/	( (1748.8	+	1646.6)	/ 2 )
	=	354.9	/	1697.7
	=	20.90 %

IMI's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	358.8	/	( ( (2550.1 - 885.9)	+	(2490.5 - 843.9) )	/ 2 )
	=	358.8	/	( ( 1664.2	+	1646.6 )	/ 2 )
	=	358.8	/	1655.4
	=	21.67 %

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

IMI (LSE:IMI) 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.

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IMI Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IMI PLC (LSE:IMI) » Definitions » ROCE %

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IMIUY:USA IMIAF:USA IMIl:UK IMI1:Germany IMI1:Germany

Address

Lakeside, Solihull Parkway, Birmingham Business Park, Birmingham, GBR, B37 7XZ

Website

https://www.imiplc.com

IMI PLC is engaged in designing, building, and servicing engineered products in fluid and motion control applications It develops technologies centered around valves and actuators to improve processes. It focuses on five market sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a service network to provide maintenance and repairs. Geographic Revenue based on Europe, the Americas, Asia Pacific, and the Middle East and Africa.