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Adaptive Ad Systems (Adaptive Ad Systems) ROIC % : 0.00% (As of . 20)


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What is Adaptive Ad Systems ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Adaptive Ad Systems's annualized return on invested capital (ROIC %) for the quarter that ended in . 20 was 0.00%.

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


Adaptive Ad Systems ROIC % Historical Data

The historical data trend for Adaptive Ad Systems's ROIC % 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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Adaptive Ad Systems ROIC % Chart

Adaptive Ad Systems Annual Data
Trend
ROIC %

Adaptive Ad Systems Quarterly Data
ROIC %

Competitive Comparison of Adaptive Ad Systems's ROIC %

For the Advertising Agencies subindustry, Adaptive Ad Systems's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Adaptive Ad Systems's ROIC % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Adaptive Ad Systems's ROIC % distribution charts can be found below:

* The bar in red indicates where Adaptive Ad Systems's ROIC % falls into.



Adaptive Ad Systems ROIC % Calculation

Adaptive Ad Systems's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in . 20 is calculated as:

ROIC % (A: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: . 20 ) + Invested Capital (A: . 20 ))/ count )
= * ( 1 - % )/( ( + )/ )
=/
= %

where

Adaptive Ad Systems's annualized Return on Invested Capital (ROIC %) for the quarter that ended in . 20 is calculated as:

ROIC % (Q: . 20 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: . 20 ) + Invested Capital (Q: . 20 ))/ count )
= * ( 1 - % )/( ( + )/ )
=/
= %

where

Note: The Operating Income data used here is four times the quarterly (. 20) data.

* 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.


Adaptive Ad Systems  (OTCPK:AATV) ROIC % Explanation

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


Be Aware

Like ROE % and ROA %, ROIC % 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.


Adaptive Ad Systems ROIC % Related Terms

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Adaptive Ad Systems (Adaptive Ad Systems) Business Description

Traded in Other Exchanges
N/A
Address
4400 North East 77th Avenue, Suite 275, Vancouver, WA, USA, 98662
Adaptive Ad Systems Inc is engaged in the cable television and online media advertising business. The company provides competitive ad-insertion technology solutions and ad sales for cable, broadcast, networks, and other video operators such as universities, master-planned communities, and apartments. Its services include acquiring advertising sales from local, regional, and national advertisers, scheduling, and traffic and billing.