Medica (XPAR:MDCA) ROCE % : 6.94% (As of Jun. 2013)

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What is Medica 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. Medica's annualized ROCE % for the quarter that ended in Jun. 2013 was 6.94%.

Medica ROCE % Historical Data

The historical data trend for Medica'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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Medica ROCE % Chart

Medica Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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5.67

6.61

6.19

6.27

Medica Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
ROCE %	Get a 7-Day Free Trial			5.97	6.21	6.63	6.10	6.94

Medica ROCE % Calculation

Medica'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 )
	=	97.868	/	( ( (1741.46 - 249.229)	+	(1893.009 - 262.613) )	/ 2 )
	=	97.868	/	( (1492.231	+	1630.396)	/ 2 )
	=	97.868	/	1561.3135
	=	6.27 %

Medica'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: Dec. 2012 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	108.098	/	( ( (1893.009 - 262.613)	+	(1824.727 - 337.742) )	/ 2 )
	=	108.098	/	( ( 1630.396	+	1486.985 )	/ 2 )
	=	108.098	/	1558.6905
	=	6.94 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2013) EBIT data.

Medica (XPAR:MDCA) 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.

Medica ROCE % Related Terms

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