IMC (International Market Centers) ROIC %: 2.76% (As of Dec. 2014)


What is International Market Centers ROIC %?

International Market Centers IMC ROIC % is 2.76% as of Dec. 2014.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. International Market Centers's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2014 was 2.76%.

As of today (2026-06-27), International Market Centers's WACC % is 0.00%. International Market Centers's ROIC % is 0.00% (calculated using TTM income statement data). International Market Centers earns returns that do not match up to its cost of capital. It will destroy value as it grows.

International Market Centers  (NYSE:IMC) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, International Market Centers's WACC % is 0.00%. International Market Centers's ROIC % is 0.00% (calculated using TTM income statement data). International Market Centers earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

International Market Centers ROIC % Related Terms

International Market Centers ROIC % Historical Data

* Premium members only.

The historical data trend for International Market Centers's ROIC % 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.

International Market Centers ROIC % Chart

International Market Centers Annual Data
Trend Dec12 Dec13 Dec14
ROIC %
-3.68 0.38 2.76

International Market Centers Semi-Annual Data
Dec12 Dec13 Dec14
ROIC % -3.68 0.38 2.76

IMC vs HMG, AIII, WHLR: ROIC % Comparison

For the REIT - Retail subindustry, International Market Centers's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

International Market Centers ROIC % vs REITs Industry

For the REITs industry and Real Estate sector, International Market Centers's ROIC % distribution charts can be found below:

* The bar in red indicates where International Market Centers's ROIC % falls into.


International Market Centers ROIC % Calculation

International Market Centers's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2014 is calculated as:

ROIC % (A: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2013 ) + Invested Capital (A: Dec. 2014 ))/ count )
=21.12 * ( 1 - 0% )/( (789.53 + 740.33)/ 2 )
=21.12/764.93
=2.76 %

where

Invested Capital(A: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=839.341 - 26.876 - ( 22.935 - max(0, 30.373 - 97.623+22.935))
=789.53

Invested Capital(A: Dec. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=788.612 - 24.105 - ( 24.177 - max(0, 27.349 - 68.745+24.177))
=740.33

International Market Centers's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2014 is calculated as:

ROIC % (Q: Dec. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2013 ) + Invested Capital (Q: Dec. 2014 ))/ count )
=21.12 * ( 1 - 0% )/( (789.53 + 740.33)/ 2 )
=21.12/764.93
=2.76 %

where

Invested Capital(Q: Dec. 2013 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=839.341 - 26.876 - ( 22.935 - max(0, 30.373 - 97.623+22.935))
=789.53

Invested Capital(Q: Dec. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=788.612 - 24.105 - ( 24.177 - max(0, 27.349 - 68.745+24.177))
=740.33

Note: The Operating Income data used here is one times the annual (Dec. 2014) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 2.76% mean?
International Market Centers (IMC) has a ROIC % of 2.76% as of Dec. 2014. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on International Market Centers and its competitors.
Is International Market Centers' ROIC % too high?
International Market Centers' current ROIC % is 2.76%. The REITs industry median ROIC % is 3.74. International Market Centers' value of 2.76% is 26.2% below this industry median.
How does International Market Centers' ROIC % compare to HMG and AIII?
International Market Centers' ROIC % of 2.76% can be compared against companies in the REITs industry. The industry median ROIC % is 3.74. International Market Centers' value of 2.76% is 26.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a REITs company?
The median ROIC % among REITs companies is 3.74, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Market Centers's current ROIC % of 2.76% is 26.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on International Market Centers and its competitors. For the REITs industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Market Centers's current ROIC % is 2.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Market Centers stock overvalued right now?
International Market Centers (IMC) has a current ROIC % of 2.76%. The current ROIC % is 2.76% and 26.2% below the REITs industry median of 3.74. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For International Market Centers (IMC), the current ROIC % is 2.76% as of Dec. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

International Market Centers Business Description

Industry Real EstateREITs
International Market Centers Inc was incorporated in Maryland on June 27, 2014. The Company is structured as an internally-managed REIT. The Company is the owner and operator of permanent business-to-business showroom space in North America for the home furniture industry and owners and operators of permanent business-to-business showroom space for the home décor and gift industries. The Company owns approximately 11.9 million gross square feet of showroom space across 13 buildings in High Point, North Carolina and three buildings and three exhibition pavilions in Las Vegas, Nevada. The Company leases its space on a long-term basis to manufacturers and suppliers of home furniture, home décor and gift products that participate in the Company's Markets. The Company faces competition from other Markets that serve manufacturers and suppliers and buyers of home furniture, home décor and gift products.