Tamino Minerals (Tamino Minerals) ROIC % : -128.52% (As of Jun. 2006)

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What is Tamino Minerals 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 %. Tamino Minerals's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2006 was -128.52%.

As of today (2024-05-16), Tamino Minerals's WACC % is 0.00%. Tamino Minerals's ROIC % is 0.00% (calculated using TTM income statement data). Tamino Minerals earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Tamino Minerals ROIC % Historical Data

The historical data trend for Tamino Minerals'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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Tamino Minerals ROIC % Chart

Tamino Minerals Annual Data

Trend

Jun96

Jun97

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

ROIC %

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-129.26

6.95

200.87

136.33

-11.49

Tamino Minerals Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
ROIC %	Get a 7-Day Free Trial															-98.34	-22.92	-65.51	-56.27	-128.52

Competitive Comparison of Tamino Minerals's ROIC %

For the Other Industrial Metals & Mining subindustry, Tamino Minerals'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.

Tamino Minerals's ROIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tamino Minerals's ROIC % distribution charts can be found below:

* The bar in red indicates where Tamino Minerals's ROIC % falls into.

Tamino Minerals ROIC % Calculation

Tamino Minerals's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jun. 2005 is calculated as:

	ROIC % (A: Jun. 2005 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2004 )	+	Invested Capital (A: Jun. 2005 ))	/ count )
=	-0.17 * ( 1 - 4.94% )	/	( (1.829	+	0.985)	/ 2 )
=	-0.161602	/	1.407
=	-11.49 %

where

	Invested Capital		(A: Jun. 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	))
=	4.629	-	1.058	-	( 1.742	-	max(0, 1.058	-	4.531	+	1.742	))
=	1.829

	Invested Capital		(A: Jun. 2005 )
=	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	))
=	3.963	-	0.566	-	( 2.412	-	max(0, 0.566	-	3.889	+	2.412	))
=	0.985

Tamino Minerals's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2006 is calculated as:

	ROIC % (Q: Jun. 2006 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2006 )	+	Invested Capital (Q: Jun. 2006 ))	/ count )
=	-2.048 * ( 1 - 0% )	/	( (1.857	+	1.33)	/ 2 )
=	-2.048	/	1.5935
=	-128.52 %

where

	Invested Capital		(Q: Mar. 2006 )
=	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	))
=	4.263	-	0.923	-	( 1.483	-	max(0, 0.923	-	3.788	+	1.483	))
=	1.857

	Invested Capital		(Q: Jun. 2006 )
=	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	))
=	3.815	-	0.958	-	( 1.527	-	max(0, 0.958	-	3.321	+	1.527	))
=	1.33

Note: The Operating Income data used here is four times the quarterly (Jun. 2006) data.

Tamino Minerals (OTCPK:TINO) 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, Tamino Minerals's WACC % is 0.00%. Tamino Minerals'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.

Tamino Minerals ROIC % Related Terms

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Tamino Minerals (Tamino Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tamino Minerals Inc (OTCPK:TINO) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

367 Muskoka Road 3N, Toronto, ON, CAN, P1H 1H6

Website

https://www.taminominerals.ca

Tamino Minerals Inc is engaged in exploration in Mexico for precious metals including copper, lead and zinc. It has several properties in a highly prospective area for gold in Mexico known as the Las Amalias Mine and it continues to evaluate and develop economic opportunities.

Executives