Imi Co., (TSE:7503) ROCE % : 9.96% (As of Jun. 2013)

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What is Imi Co., 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. Imi Co.,'s annualized ROCE % for the quarter that ended in Jun. 2013 was 9.96%.

Imi Co., ROCE % Historical Data

The historical data trend for Imi Co.,'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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Imi Co., ROCE % Chart

Imi Co., Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

ROCE %

13.95

14.17

14.97

15.10

Imi Co., Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
ROCE %	Get a 7-Day Free Trial						10.97	12.52	15.29	19.45	9.96

Imi Co., ROCE % Calculation

Imi Co.,'s annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	1776.484	/	( ( (12867.994 - 1509.061)	+	(13840.908 - 1674.174) )	/ 2 )
	=	1776.484	/	( (11358.933	+	12166.734)	/ 2 )
	=	1776.484	/	11762.8335
	=	15.10 %

Imi Co.,'s ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Mar. 2013 )		(Q: Jun. 2013 )
	=	1232.984	/	( ( (15668.134 - 3365.792)	+	(14140.293 - 1672.757) )	/ 2 )
	=	1232.984	/	( ( 12302.342	+	12467.536 )	/ 2 )
	=	1232.984	/	12384.939
	=	9.96 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2013) EBIT data.

Imi Co., (TSE:7503) 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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Imi Co., (TSE:7503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Imi Co., Ltd. (TSE:7503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.imimed.co.jp

Imi Co., Ltd., is engaged in import, sale, maintenance & rental of medical equipment such as lung ventilators & accessories, homecare ventilators, anesthesia machines, among others and also provides medical education & training equipment.

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