Medical Imaging (ROCO:6637) ROCE % : 36.26% (As of Mar. 2024)

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What is Medical Imaging 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. Medical Imaging's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.26%.

Medical Imaging ROCE % Historical Data

The historical data trend for Medical Imaging'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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Medical Imaging ROCE % Chart

Medical Imaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.96

23.18

17.25

25.14

27.57

Medical Imaging Quarterly Data
	Mar17	Jun17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															32.63	41.30	24.49	16.19	36.26

Medical Imaging ROCE % Calculation

Medical Imaging'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 )
	=	171.29	/	( ( (762.789 - 164.827)	+	(863.195 - 218.483) )	/ 2 )
	=	171.29	/	( (597.962	+	644.712)	/ 2 )
	=	171.29	/	621.337
	=	27.57 %

Medical Imaging'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 )
	=	239.688	/	( ( (863.195 - 218.483)	+	(987.471 - 310.098) )	/ 2 )
	=	239.688	/	( ( 644.712	+	677.373 )	/ 2 )
	=	239.688	/	661.0425
	=	36.26 %

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

Medical Imaging (ROCO:6637) 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.

Medical Imaging ROCE % Related Terms

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Medical Imaging (ROCO:6637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Medical Imaging Corp (ROCO:6637) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongxiao East Road, Xinyi District, 2nd Floor, 19th Floor, No. 510, Section 5, Taipei City, TWN

Website

http://www.mic-tw.com

Medical Imaging Corp is a Taiwan based medical equipment company. It is engaged in medical equipment distribution, hospital equipment rental, and equipment maintenance.

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