Maier + Partner AG (HAM:MPRK) ROC % : -95.73% (As of Jun. 2015)

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What is Maier + Partner AG ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Maier + Partner AG's annualized return on capital (ROC %) for the quarter that ended in Jun. 2015 was -95.73%.

As of today (2024-06-04), Maier + Partner AG's WACC % is 0.00%. Maier + Partner AG's ROC % is 0.00% (calculated using TTM income statement data). Maier + Partner AG earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Maier + Partner AG ROC % Historical Data

The historical data trend for Maier + Partner AG's ROC % 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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Maier + Partner AG ROC % Chart

Maier + Partner AG Annual Data

Trend

Dec10

Dec11

Dec12

ROC %

2.87

-4.50

15.86

Maier + Partner AG Semi-Annual Data
	Dec10	Dec11	Jun12	Dec12	Jun14	Jun15
ROC %	Get a 7-Day Free Trial			-	-608.89	174.14	-34.89	-95.73

Maier + Partner AG ROC % Calculation

Maier + Partner AG's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2012 is calculated as:

	ROC % (A: Dec. 2012 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2011 )	+	Invested Capital (A: Dec. 2012 ))	/ count )
=	0.028 * ( 1 - 0% )	/	( (0.032	+	0.321)	/ 2 )
=	0.028	/	0.1765
=	15.86 %

where

	Invested Capital		(A: Dec. 2011 )
=	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	))
=	0.485	-	0.036	-	( 0.417	-	max(0, 0.036	-	0.485	+	0.417	))
=	0.032

	Invested Capital		(A: Dec. 2012 )
=	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	))
=	0.344	-	0	-	( 0.023	-	max(0, 0	-	0.344	+	0.023	))
=	0.321

Maier + Partner AG's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	-0.112 * ( 1 - 0% )	/	( (0	+	0.117)	/ 1 )
=	-0.112	/	0.117
=	-95.73 %

where

	Invested Capital		(Q: Jun. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	0.245	-	0.127	-	( 0.001	-	max(0, 0.127	-	0.2	+	0.001	))
=	0.117

Note: The Operating Income data used here is two times the semi-annual (Jun. 2015) data.

Maier + Partner AG (HAM:MPRK) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Maier + Partner AG's WACC % is 0.00%. Maier + Partner AG's ROC % is 0.00% (calculated using TTM income statement data). Maier + Partner AG 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 %, ROC % 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.

Maier + Partner AG ROC % Related Terms

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Maier + Partner AG (HAM:MPRK) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

c / o BG Moorhof, Moorhof 11, Hamburg, DEU, 22399

Website

http://maier-und-partner.de

Maier + Partner AG is engaged in build and operate plants in its own portfolio and makes strategic investments in the field of renewable energies for sustainable growth and a safe return.

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