Medical Device Works (XPAR:ALMDW) ROCE % : -229.32% (As of Dec. 2012)

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What is Medical Device Works 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 Device Works's annualized ROCE % for the quarter that ended in Dec. 2012 was -229.32%.

Medical Device Works ROCE % Historical Data

The historical data trend for Medical Device Works'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 Device Works ROCE % Chart

Medical Device Works Annual Data

Trend

Dec11

Dec12

ROCE %

-409.87

-229.32

Medical Device Works Semi-Annual Data
	Dec11	Dec12
ROCE %	-409.87	-229.32

Medical Device Works ROCE % Calculation

Medical Device Works'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 )
	=	-1.095	/	( ( (1.043 - 0.668)	+	(1.63 - 1.05) )	/ 2 )
	=	-1.095	/	( (0.375	+	0.58)	/ 2 )
	=	-1.095	/	0.4775
	=	-229.32 %

Medical Device Works's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Dec. 2011 )		(Q: Dec. 2012 )
	=	-1.095	/	( ( (1.043 - 0.668)	+	(1.63 - 1.05) )	/ 2 )
	=	-1.095	/	( ( 0.375	+	0.58 )	/ 2 )
	=	-1.095	/	0.4775
	=	-229.32 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2012) EBIT data.

Medical Device Works (XPAR:ALMDW) 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 Device Works ROCE % Related Terms

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Medical Device Works (XPAR:ALMDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medical Device Works SA (XPAR:ALMDW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.medicaldeviceworks.com

Medical Device Works SA is engaged in developing kits of minimally-invasive surgical devices for temporarily isolating damaged organs from blood flow.

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