I am studing ISRG on
ADVFN Financials (Many thanks to the fellow who shared that URL).
On the
Intuitive Surgical Company Financial Information page, I found the following:
Return on Capital Invested (ROCI): 12.2
Return on Capital Invested (ROCI) - 5YEAR AVRG.: 9.5
So I thought I would see if I could get the same figure for the ROCI 5YEAR AVRG. of 9.5. So I pressed the "Historical Annual Reports" button to get the ROCI numbers for the last five years. Under the Profitability section I got:
2002: -28.1
2003: -3.4
2004: 7.5
2005: 21.3
2006: 12.2
When I add up the ROCI for these years, I get 9.5 and I have not divided by 5 yet. So that make me wonder if ROCI 5YEAR AVRG is really an average.
Did I do something wrong?
Thanks,