Masimo (LTS:0JZ2) ROCE % : 5.99% (As of Mar. 2024)

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What is Masimo 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. Masimo's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.99%.

Masimo ROCE % Historical Data

The historical data trend for Masimo'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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Masimo ROCE % Chart

Masimo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.01

19.54

17.73

10.43

5.47

Masimo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.96	5.89	4.41	6.03	5.99

Masimo ROCE % Calculation

Masimo'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 )
	=	138.4	/	( ( (3210.6 - 630)	+	(3041.5 - 563.8) )	/ 2 )
	=	138.4	/	( (2580.6	+	2477.7)	/ 2 )
	=	138.4	/	2529.15
	=	5.47 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	147.6	/	( ( (3041.5 - 563.8)	+	(2957.7 - 504.2) )	/ 2 )
	=	147.6	/	( ( 2477.7	+	2453.5 )	/ 2 )
	=	147.6	/	2465.6
	=	5.99 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Masimo (LTS:0JZ2) 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.

Masimo ROCE % Related Terms

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Masimo (LTS:0JZ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Masimo Corp (LTS:0JZ2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MASI:USA MASI:Mexico 3M4:Germany 3M4:Germany

Address

52 Discovery, Irvine, CA, USA, 92618

Website

https://www.masimo.com

Masimo Corp is a global technology company. The company's segment includes healthcare and non-healthcare. The healthcare business segment is a key revenue driver, develops, manufactures, and markets a variety of noninvasive patient monitoring technologies, hospital automation and connectivity solutions, remote monitoring devices and consumer health products. Its non-healthcare segment includes consumer audio business develops, manufactures, markets sells and licenses premium and luxury audio sound products and related integration technologies.

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