Integrated Environmental Technologies (Integrated Environmental Technologies) ROC % : -367.75% (As of Sep. 2016)

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What is Integrated Environmental Technologies 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 %. Integrated Environmental Technologies's annualized return on capital (ROC %) for the quarter that ended in Sep. 2016 was -367.75%.

As of today (2024-05-05), Integrated Environmental Technologies's WACC % is 0.00%. Integrated Environmental Technologies's ROC % is 0.00% (calculated using TTM income statement data). Integrated Environmental Technologies earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Integrated Environmental Technologies ROC % Historical Data

The historical data trend for Integrated Environmental Technologies'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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Integrated Environmental Technologies ROC % Chart

Integrated Environmental Technologies Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROC %

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-354.55

-544.57

-430.64

-343.70

-385.49

Integrated Environmental Technologies Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
ROC %	Get a 7-Day Free Trial															-276.06	-334.55	-351.88	-313.69	-367.75

Integrated Environmental Technologies ROC % Calculation

Integrated Environmental Technologies's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2015 is calculated as:

	ROC % (A: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2014 )	+	Invested Capital (A: Dec. 2015 ))	/ count )
=	-3.003 * ( 1 - 0% )	/	( (0.809	+	0.749)	/ 2 )
=	-3.003	/	0.779
=	-385.49 %

where

	Invested Capital		(A: Dec. 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	))
=	0.909	-	0.558	-	( 0.371	-	max(0, 1.107	-	0.649	+	0.371	))
=	0.809

	Invested Capital		(A: Dec. 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	))
=	1.238	-	0.41	-	( 0.838	-	max(0, 0.913	-	0.992	+	0.838	))
=	0.749

Integrated Environmental Technologies's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2016 is calculated as:

	ROC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-1.984 * ( 1 - 0% )	/	( (0.446	+	0.633)	/ 2 )
=	-1.984	/	0.5395
=	-367.75 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	0.514	-	0.629	-	( 0.079	-	max(0, 0.854	-	0.293	+	0.079	))
=	0.446

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	0.65	-	0.88	-	( 0.229	-	max(0, 1.309	-	0.446	+	0.229	))
=	0.633

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

Integrated Environmental Technologies (OTCPK:IEVM) 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, Integrated Environmental Technologies's WACC % is 0.00%. Integrated Environmental Technologies's ROC % is 0.00% (calculated using TTM income statement data). Integrated Environmental Technologies 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.

Integrated Environmental Technologies ROC % Related Terms

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Integrated Environmental Technologies (Integrated Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Integrated Environmental Technologies Ltd (OTCPK:IEVM) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4235 Commerce Street, Little River, SC, USA, 29566

Website

http://www.ecotreatments.com

Integrated Environmental Technologies Ltd is a US based company engaged in the production of a hypochlorous acid based solution, commonly known as anolyte and anti-oxidizing, mildly alkaline solution, commonly known as catholyte. It markets anolyte under the brand name Excelyte and catholyte under the brand name Catholyte Zero. The group also manufactures equipment to produce Excelyte and Catholyte Zero. It sells the products to customers in the oil and gas industry and in other industries. Its oil and gas customers are located in Utah, New Mexico and Texas and the other customers are located in the geographical regions throughout the US. The firm segments its activities in the oil and gas business into three categories, Well Maintenance, Drilling and Completions and Water Remediation.

Executives

Lavance David R Jr	director, officer: President and CEO	C/O HOLOGIC, INC., BEDFORD MA 01730
Anthony Iii Giordano	director	4 KELLY LANE, LONG BRANCH NJ 07740
Kubacki Raymond C Jr	director	125 NAGOG PARK, ACTON MA 01720
William E Prince	director, officer: President & CEO
Paul Branagan	other: Former Director of the Company
Gary Grieco	10 percent owner	10457 W. 84TH TERRACE, LENEXA KS 66214

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