Merit Medical Systems (STU:MM3) ROCE % : 7.97% (As of Mar. 2024)

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What is Merit Medical Systems 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. Merit Medical Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.97%.

Merit Medical Systems ROCE % Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems ROCE % Chart

Merit Medical Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.00

-0.20

4.25

6.43

7.07

Merit Medical Systems 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															7.52	7.30	8.65	7.72	7.97

Merit Medical Systems ROCE % Calculation

Merit Medical Systems'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 )
	=	117.009	/	( ( (1570.784 - 208.289)	+	(2132.249 - 186.668) )	/ 2 )
	=	117.009	/	( (1362.495	+	1945.581)	/ 2 )
	=	117.009	/	1654.038
	=	7.07 %

Merit Medical Systems'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 )
	=	156.008	/	( ( (2132.249 - 186.668)	+	(2140.244 - 168.676) )	/ 2 )
	=	156.008	/	( ( 1945.581	+	1971.568 )	/ 2 )
	=	156.008	/	1958.5745
	=	7.97 %

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

Merit Medical Systems (STU:MM3) 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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Merit Medical Systems (STU:MM3) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Merit Medical Systems Inc (STU:MM3) » Definitions » ROCE %

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MMSI:USA

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. Majority of the revenue is earned from Cardiovascular segment. United States generates majority of the revenue.

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