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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Kidoz's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2024 was -48.70%.
As of today (2024-06-04), Kidoz's WACC % is 11.05%. Kidoz's ROIC % is -29.06% (calculated using TTM income statement data). Kidoz earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for Kidoz'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.
Kidoz Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROIC % | Get a 7-Day Free Trial | -36.44 | 0.42 | -3.47 | -17.67 | -33.41 |
Kidoz Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROIC % | Get a 7-Day Free Trial | -72.43 | -35.10 | -50.35 | 19.41 | -48.70 |
For the Advertising Agencies subindustry, Kidoz'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.
For the Media - Diversified industry and Communication Services sector, Kidoz's ROIC % distribution charts can be found below:
* The bar in red indicates where Kidoz's ROIC % falls into.
Kidoz's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:
ROIC % (A: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Dec. 2022 ) | + | Invested Capital (A: Dec. 2023 )) | / count ) |
= | -2.055 * ( 1 - 1.28% ) | / | ( (6.412 | + | 5.733) | / 2 ) |
= | -2.028696 | / | 6.0725 | |||
= | -33.41 % |
where
Invested Capital | (A: Dec. 2022 ) | |||||||||||
= | 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 | )) |
= | 14.387 | - | 5.611 | - | ( 2.364 | - | max(0, 5.688 | - | 9.835 | + | 2.364 | )) |
= | 6.412 |
Invested Capital | (A: Dec. 2023 ) | |||||||||||
= | 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 | )) |
= | 11.807 | - | 4.605 | - | ( 1.469 | - | max(0, 4.613 | - | 7.833 | + | 1.469 | )) |
= | 5.733 |
Kidoz's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2024 is calculated as:
ROIC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | -2.776 * ( 1 - 0% ) | / | ( (5.733 | + | 5.668) | / 2 ) |
= | -2.776 | / | 5.7005 | |||
= | -48.70 % |
where
Invested Capital | (Q: Dec. 2023 ) | |||||||||||
= | 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 | )) |
= | 11.807 | - | 4.605 | - | ( 1.469 | - | max(0, 4.613 | - | 7.833 | + | 1.469 | )) |
= | 5.733 |
Invested Capital | (Q: Mar. 2024 ) | |||||||||||
= | 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 | )) |
= | 8.788 | - | 2.245 | - | ( 0.875 | - | max(0, 2.245 | - | 4.943 | + | 0.875 | )) |
= | 5.668 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2024) 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.
Kidoz (OTCPK:KDOZF) 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, Kidoz's WACC % is 11.05%. Kidoz's ROIC % is -29.06% (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.
Thank you for viewing the detailed overview of Kidoz's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pendinas Ltd | 10 percent owner | BALLACARRICK, POOILVAAISH ROAD, CASTLETOWN Y8 IM9 4PJ |
Tryon M Williams | director, 10 percent owner, officer: Chief Executive Officer | C/O KIDOZ INC., SUITE 220, 1685 WEST 4TH AVENUE, VANCOUVER A1 V6J 1L8 |
Tora Eldad Ben | director | BE'ER GANIM 54, PO BOX 483, EVEN YEHUDA L3 4050935 |
Moshe David | director | 59 HERUT STREET, BINYAMINA L3 30500 |
Claes Kalborg | director | TATTBYVAGEN 11, SALTSJOBADEN V7 133 34 |
Gwynn Williams | 10 percent owner | BALLACARRICK, POOILVAAISH ROAD, CASTLETOWN Y8 IM9 4PJ |
Williams Jason Miles Jm | director, officer: VP Business Development | SUITE 220,, 1685 WEST 4TH AVENUE, VANCOUVER A1 V6J 1L8 |
Moore William George Ashton | director | CLARE HALL, NR SUDBURY, CLARE X0 CO108PJ |
Henry W Bromley | officer: Chief Financial Officer | C/O KIDOZ INC., SUITE 220, 1685 WEST 4TH AVENUE, VANCOUVER A1 V6J 1L8 |
Christopher Mark Devereux | director | SUITE 103, 1715 COOK STREET, VANCOUVER A1 V5Y 3J6 |
Ljungerud Ebba Dagmar Lucie | director | FLAT 6, 8 COLVILLE TERRACE, LONDON X0 W11 2BE |
Praetorian Capital Management Llc | 10 percent owner | 3271 RIVIERA DRIVE, CORAL GABLES FL 33134 |
Petter Nylander | director | FLAT 4, 83 LADBROKE GROVE, LONDON X0 W11 2HB |
Group Plc Unibet | 10 percent owner | FAWWARA BUILDINGS, MSIRA ROAD, GZIRA O1 GZR1402 |
Fiona Mary Curtis | director | ARD NA MARA, PO BOX 1127,, LITTLE HARBOUR 1A AI-2640 |
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