SKYX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
SKYX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. SKYX Platforms's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -77.63%.
As of today (2024-04-29), SKYX Platforms's WACC % is -19785.84%. SKYX Platforms's ROC % is -74.81% (calculated using TTM income statement data). SKYX Platforms generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
The historical data trend for SKYX Platforms'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.
SKYX Platforms Annual Data | |||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
ROC % | Get a 7-Day Free Trial | -19.35 | -53.41 | -297.31 | -154.37 | -81.86 |
SKYX Platforms Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROC % | Get a 7-Day Free Trial | -57.07 | -86.62 | -99.26 | -41.46 | -77.63 |
SKYX Platforms's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:
ROC % (A: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Dec. 2022 ) | + | Invested Capital (A: Dec. 2023 )) | / count ) |
= | -37.825 * ( 1 - 0% ) | / | ( (32.321 | + | 60.097) | / 2 ) |
= | -37.825 | / | 46.209 | |||
= | -81.86 % |
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 | )) |
= | 43.177 | - | 1.95 | - | ( 14.094 | - | max(0, 7.424 | - | 16.33 | + | 14.094 | )) |
= | 32.321 |
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 | )) |
= | 76.341 | - | 13.119 | - | ( 16.811 | - | max(0, 24.193 | - | 27.318 | + | 16.811 | )) |
= | 60.097 |
SKYX Platforms's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:
ROC % (Q: Dec. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | -47.252 * ( 1 - 0% ) | / | ( (61.647 | + | 60.097) | / 2 ) |
= | -47.252 | / | 60.872 | |||
= | -77.63 % |
where
Invested Capital | (Q: Sep. 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 | )) |
= | 78.343 | - | 19.69 | - | ( 16.479 | - | max(0, 31.334 | - | 28.34 | + | 16.479 | )) |
= | 61.647 |
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 | )) |
= | 76.341 | - | 13.119 | - | ( 16.811 | - | max(0, 24.193 | - | 27.318 | + | 16.811 | )) |
= | 60.097 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) 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.
SKYX Platforms (NAS:SKYX) 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, SKYX Platforms's WACC % is -19785.84%. SKYX Platforms's ROC % is -74.81% (calculated using TTM income statement data). SKYX Platforms generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Thank you for viewing the detailed overview of SKYX Platforms's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.
John P. Campi | officer: Chief Executive Officer | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Ran Roland Kohen | director, 10 percent owner | 20735 NE 32 PL, AVENTURA FL 33180 |
Dov Shiff | director, 10 percent owner | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Steven Mark Schmidt | officer: President | 36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204 |
Nancy Dimattia | director | C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441 |
Marc Andre Boisseau | officer: Chief Financial Officer | 1650 OAKBROOK DRIVE, NORCROSS GA 30093 |
Patricia Ann Barron | officer: Chief Operations Officer | 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Gary N Golden | director | C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022 |
Greenstein Brayer Efrat L | director | C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022 |
Mark J Wells | officer: President | 1219 WEST 67TH STREET, CLEVELAND OH 44102 |
Leonard J Sokolow | director | REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102 |
Thomas J Ridge | director | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Phillips S. Peter | director | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Montek 7 Sql Llc | 10 percent owner | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
From GuruFocus
By ACCESSWIRE ACCESSWIRE • 01-31-2023
By ACCESSWIRE ACCESSWIRE • 11-17-2022
By ACCESSWIRE • 01-17-2024
By ACCESSWIRE ACCESSWIRE • 04-01-2023
By ACN Newswire • 09-11-2023
By ACCESSWIRE • 08-04-2023
By ACCESSWIRE • 09-13-2023
By ACCESSWIRE • 08-09-2023
By GuruFocus Research • 11-15-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.