Hai Jia International Co (Hai Jia International Co) ROC % : 0.00% (As of Dec. 2004)

View and export this data going back to 2002. Start your Free Trial

What is Hai Jia International Co 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 %. Hai Jia International Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2004 was 0.00%.

As of today (2024-06-02), Hai Jia International Co's WACC % is 0.00%. Hai Jia International Co's ROC % is 0.00% (calculated using TTM income statement data). Hai Jia International Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Hai Jia International Co ROC % Historical Data

The historical data trend for Hai Jia International Co'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.

* Premium members only.

Hai Jia International Co ROC % Chart

Hai Jia International Co Annual Data

Trend

Mar02

Mar03

Mar04

ROC %

-64.00

-58.82

Hai Jia International Co Quarterly Data
	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04
ROC %	Get a 7-Day Free Trial						-233.33	-	-	-	-

Hai Jia International Co ROC % Calculation

Hai Jia International Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2004 is calculated as:

	ROC % (A: Mar. 2004 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2003 )	+	Invested Capital (A: Mar. 2004 ))	/ count )
=	0 * ( 1 - 0% )	/	( (0.026	+	0)	/ 1 )
=	0	/	0.026
=	0.00 %

where

	Invested Capital		(A: Mar. 2003 )
=	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	))
=	0.043	-	0	-	( 0.017	-	max(0, 0.002	-	0.043	+	0.017	))
=	0.026

	Invested Capital		(A: Mar. 2004 )
=	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	))
=	0.003	-	0	-	( 0.003	-	max(0, 0	-	0.003	+	0.003	))
=	0

Hai Jia International Co's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2004 is calculated as:

	ROC % (Q: Dec. 2004 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2004 )	+	Invested Capital (Q: Dec. 2004 ))	/ count )
=	0 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	0	/	0
=	%

where

	Invested Capital		(Q: Sep. 2004 )
=	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: Dec. 2004 )
=	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

Note: The Operating Income data used here is four times the quarterly (Dec. 2004) data.

Hai Jia International Co (OTCPK:HBIE) 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, Hai Jia International Co's WACC % is 0.00%. Hai Jia International Co's ROC % is 0.00% (calculated using TTM income statement data). Hai Jia International Co 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.

Hai Jia International Co ROC % Related Terms

Thank you for viewing the detailed overview of Hai Jia International Co's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hai Jia International Co (Hai Jia International Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Hai Jia International Ltd Co (OTCPK:HBIE) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ba Hom Street, Ward 13, District 6, 54B, Palace 2, Phu Lam Market, Ho Chi Minh, VNM, 73118

Website

Hai Jia International Ltd Co focuses on the beauty and health industries. Its products are Cordyceps, Health Energy Water, Body Purification, Blood Purification, Antrodia cinnamomea, and other products.

Hai Jia International Co (Hai Jia International Co) Headlines

No Headlines