Imaflex (TSXV:IFX) ROCE % : 9.14% (As of Sep. 2024)

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What is Imaflex 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. Imaflex's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.14%.

Imaflex ROCE % Historical Data

The historical data trend for Imaflex'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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Imaflex ROCE % Chart

Imaflex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.03

20.85

21.51

20.71

2.26

Imaflex 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															2.28	-4.94	14.38	24.53	9.14

Imaflex ROCE % Calculation

Imaflex'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 )
	=	1.407	/	( ( (71.995 - 11.761)	+	(78.45 - 14.44) )	/ 2 )
	=	1.407	/	( (60.234	+	64.01)	/ 2 )
	=	1.407	/	62.122
	=	2.26 %

Imaflex'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 )
	=	6.68	/	( ( (84.11 - 11.337)	+	(85.293 - 11.876) )	/ 2 )
	=	6.68	/	( ( 72.773	+	73.417 )	/ 2 )
	=	6.68	/	73.095
	=	9.14 %

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

Imaflex (TSXV:IFX) 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.

Imaflex ROCE % Related Terms

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Imaflex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Imaflex Inc (TSXV:IFX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IFLXF:USA

Address

5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2

Website

https://www.imaflex.com

Imaflex Inc is focused on the manufacture and sale of products for the flexible packaging industry, including polyethylene film and bags, as well as the metallization of plastic film for the agriculture and packaging industries. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. Geographically, it operates in Canada, United States and Other countries.

Executives

Tony Abbandonato	Director, Senior Officer
Ralf Dujardin	Senior Officer
John Ripplinger	Senior Officer
Lorne Steinberg	Director
Joseph Marino Abbandonato	10% Security Holder, Director, Senior Officer
Gerald Ross Phelps	Director, Senior Officer
Mario Settino	Director

Imaflex Headlines

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