IMBdx (XKRX:461030) ROCE % : -116.47% (As of Dec. 2023)

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What is IMBdx 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. IMBdx's annualized ROCE % for the quarter that ended in Dec. 2023 was -116.47%.

IMBdx ROCE % Historical Data

The historical data trend for IMBdx'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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IMBdx ROCE % Chart

IMBdx Annual Data

Trend

Dec21

Dec22

ROCE %

IMBdx Quarterly Data
	Dec22	Sep23	Dec23
ROCE %	-	-	-116.47

IMBdx ROCE % Calculation

IMBdx's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-9093.239	/	( ( (24033.025 - 46087.059)	+	(17350.22 - 48198.962) )	/ 2 )
	=	-9093.239	/	( (-22054.034	+	-30848.742)	/ 2 )
	=	-9093.239	/	-26451.388
	=	34.38 %

IMBdx's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-11393.64	/	( ( (11702.678 - 767.275)	+	(9820.764 - 1190.98) )	/ 2 )
	=	-11393.64	/	( ( 10935.403	+	8629.784 )	/ 2 )
	=	-11393.64	/	9782.5935
	=	-116.47 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

IMBdx (XKRX:461030) 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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IMBdx (XKRX:461030) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » IMBdx Inc (XKRX:461030) » Definitions » ROCE %

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