Modern Mobility Aids (Modern Mobility Aids) ROCE % : 0.00% (As of Mar. 2015)

View and export this data going back to 2010. Start your Free Trial

What is Modern Mobility Aids 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. Modern Mobility Aids's annualized ROCE % for the quarter that ended in Mar. 2015 was 0.00%.

Modern Mobility Aids ROCE % Historical Data

The historical data trend for Modern Mobility Aids'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.

Modern Mobility Aids ROCE % Chart

Modern Mobility Aids Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

ROCE %

Modern Mobility Aids Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Modern Mobility Aids ROCE % Calculation

Modern Mobility Aids's annualized ROCE % for the fiscal year that ended in Jun. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2014 )		(A: Jun. 2013 )		(A: Jun. 2014 )
	=	-0.248	/	( ( (0 - 0.52)	+	(0.058 - 0.725) )	/ 2 )
	=	-0.248	/	( (-0.52	+	-0.667)	/ 2 )
	=	-0.248	/	-0.5935
	=	41.79 %

Modern Mobility Aids's ROCE % of for the quarter that ended in Mar. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2015 )		(Q: Dec. 2014 )		(Q: Mar. 2015 )
	=	-0.748	/	( ( (0.069 - 0.609)	+	(0.068 - 0.52) )	/ 2 )
	=	-0.748	/	( ( -0.54	+	-0.452 )	/ 2 )
	=	-0.748	/	-0.496
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2015) EBIT data.

Modern Mobility Aids (OTCPK:MDRM) 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.

Modern Mobility Aids ROCE % Related Terms

Thank you for viewing the detailed overview of Modern Mobility Aids's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Modern Mobility Aids (Modern Mobility Aids) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Modern Mobility Aids Inc (OTCPK:MDRM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

79 Bramsteele Road, Brampton, ON, CAN, L6W3K6

Website

https://www.modernmobilityaids.com

Modern Mobility Aids Inc plays a vital role in fostering telehealth innovation, driving technological advancements, and improving access to healthcare services. It is focused on investing in people, products, and ventures that challenge and disrupt the telehealth category.