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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Crossroads Impact's annualized return on capital (ROC %) for the quarter that ended in Jul. 2022 was 14.69%.
As of today (2024-05-14), Crossroads Impact's WACC % is 0.00%. Crossroads Impact's ROC % is 0.00% (calculated using TTM income statement data). Crossroads Impact earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for Crossroads Impact'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.
Crossroads Impact Annual Data | |||||||||||||||||||||
Trend | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | Oct18 | Oct19 | Oct20 | Oct21 | |||||||||||
ROC % | Get a 7-Day Free Trial | -102.50 | 33.21 | 1.35 | 1.75 | 12.07 |
Crossroads Impact Quarterly Data | ||||||||||||||||||||
Jul16 | Oct16 | Jan17 | Apr17 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | |
ROC % | Get a 7-Day Free Trial | 9.81 | -4.48 | 6.58 | 0.88 | 14.69 |
Crossroads Impact's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2021 is calculated as:
ROC % (A: Oct. 2021 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Oct. 2020 ) | + | Invested Capital (A: Oct. 2021 )) | / count ) |
= | 243.085 * ( 1 - 19.46% ) | / | ( (247.023 | + | 2995.934) | / 2 ) |
= | 195.780659 | / | 1621.4785 | |||
= | 12.07 % |
where
Invested Capital | (A: Oct. 2020 ) | |||||||||||
= | 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 | )) |
= | 184.308 | - | 0.577 | - | ( 2.127 | - | max(0, 81.844 | - | 18.552 | + | 2.127 | )) |
= | 247.023 |
Invested Capital | (A: Oct. 2021 ) | |||||||||||
= | 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 | )) |
= | 3551.626 | - | 298.469 | - | ( 278.985 | - | max(0, 367.973 | - | 625.196 | + | 278.985 | )) |
= | 2995.934 |
Crossroads Impact's annualized Return on Capital (ROC %) for the quarter that ended in Jul. 2022 is calculated as:
ROC % (Q: Jul. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Apr. 2022 ) | + | Invested Capital (Q: Jul. 2022 )) | / count ) |
= | 0.436 * ( 1 - -55750% ) | / | ( (1763.549 | + | 1551.301) | / 2 ) |
= | 243.506 | / | 1657.425 | |||
= | 14.69 % |
where
Invested Capital | (Q: Apr. 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 | )) |
= | 1906.895 | - | 234.151 | - | ( 111.212 | - | max(0, 298.578 | - | 207.773 | + | 111.212 | )) |
= | 1763.549 |
Invested Capital | (Q: Jul. 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 | )) |
= | 1707.055 | - | 229.069 | - | ( 86.963 | - | max(0, 262.399 | - | 189.084 | + | 86.963 | )) |
= | 1551.301 |
Note: The Operating Income data used here is four times the quarterly (Jul. 2022) 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.
Crossroads Impact (OTCPK:CRDSQ) 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, Crossroads Impact's WACC % is 0.00%. Crossroads Impact's ROC % is 0.00% (calculated using TTM income statement data). Crossroads Impact 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.
Thank you for viewing the detailed overview of Crossroads Impact's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Claire Gogel | director | C/O SUNEDISON, INC., 13736 RIVERPORT DRIVE, SUITE 180, MARYLAND HEIGHTS MO 63043 |
210/crds Investment Llc | 10 percent owner, other: See Explanation of Responses | 8214 WESTCHESTER DRIVE, SUITE 950, DALLAS TX 75225 |
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Lone Star Value Investors Lp | other: See Footnote 1 | 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870 |
Jeffrey E. Eberwein | other: See Footnote 1 | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
Coleman Richard Kenneth Jr. | director, officer: Executive Director | 53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870 |
Jennifer Crane | officer: Chief Financial Officer | 11000 N. MOPAC EXPRESSWAY, AUSTIN TX 78759 |
Mark C Hood | officer: Executive Vice President | C/O CROSSROADS SYSTEMS, INC., 11000 N. MOPAC EXPRESSWAY #150, AUSTIN TX 78759 |
Robert G. Pearse | director | 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540 |
Don Pearce | director | 11000 N. MOPAC, AUSTIN TX 78759 |
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