Intuitive Surgical (MEX:ISRG) ROCE % : 15.31% (As of Sep. 2024)

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What is Intuitive Surgical 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. Intuitive Surgical's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.31%.

Intuitive Surgical ROCE % Historical Data

The historical data trend for Intuitive Surgical'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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Intuitive Surgical ROCE % Chart

Intuitive Surgical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.16

11.38

16.33

12.82

13.06

Intuitive Surgical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.78	13.26	13.15	16.06	15.31

Intuitive Surgical ROCE % Calculation

Intuitive Surgical'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 )
	=	29990.101	/	( ( (252941.104 - 27725.262)	+	(262107.85 - 28155.185) )	/ 2 )
	=	29990.101	/	( (225215.842	+	233952.665)	/ 2 )
	=	29990.101	/	229584.2535
	=	13.06 %

Intuitive Surgical'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	45468.84	/	( ( (305027.883 - 27251.153)	+	(349372.869 - 33016.695) )	/ 2 )
	=	45468.84	/	( ( 277776.73	+	316356.174 )	/ 2 )
	=	45468.84	/	297066.452
	=	15.31 %

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

Intuitive Surgical (MEX:ISRG) 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.

Intuitive Surgical ROCE % Related Terms

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Intuitive Surgical Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Intuitive Surgical Inc (MEX:ISRG) » Definitions » ROCE %

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ISRG:USA 1ISRG:Italy 0R29:UK IUI1:Germany IUI1:Germany IUI1:Germany IUI1:Germany ISRG:Canada I1SR34:Brazil ISRG:Austria

Address

1020 Kifer Road, Sunnyvale, CA, USA, 94086-5304

Website

https://www.intuitive.com

Intuitive Surgical develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 8,600 da Vinci systems in hospitals worldwide, with more than 5,000 installations in the US and a growing number in emerging markets.