Clever Global (XMAD:CLE) ROC % : 3.66% (As of Dec. 2022)

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What is Clever Global ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Clever Global's annualized return on capital (ROC %) for the quarter that ended in Dec. 2022 was 3.66%.

As of today (2024-04-27), Clever Global's WACC % is 0.00%. Clever Global's ROC % is 0.00% (calculated using TTM income statement data). Clever Global earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Clever Global ROC % Historical Data

The historical data trend for Clever Global'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.

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Clever Global ROC % Chart

Clever Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC %

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2.10

-8.39

110.61

-5.28

-16.53

Clever Global Semi-Annual Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROC %	Get a 7-Day Free Trial														130.45	8.84	-3.48	1.01	3.66

Clever Global ROC % Calculation

Clever Global's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	0.8 * ( 1 - 407.25% )	/	( (15.762	+	13.975)	/ 2 )
=	-2.458	/	14.8685
=	-16.53 %

where

	Invested Capital		(A: Dec. 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	))
=	15.375	-	2.125	-	( 1.712	-	max(0, 6.731	-	4.219	+	1.712	))
=	15.762

	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	))
=	14.14	-	2.363	-	( 0.419	-	max(0, 5.733	-	3.535	+	0.419	))
=	13.975

Clever Global's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	0.152 * ( 1 - -232.35% )	/	( (13.596	+	13.975)	/ 2 )
=	0.505172	/	13.7855
=	3.66 %

where

	Invested Capital		(Q: Jun. 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	))
=	14.689	-	2.076	-	( 0.742	-	max(0, 4.681	-	3.698	+	0.742	))
=	13.596

	Invested Capital		(Q: 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	))
=	14.14	-	2.363	-	( 0.419	-	max(0, 5.733	-	3.535	+	0.419	))
=	13.975

Note: The Operating Income data used here is two times the semi-annual (Dec. 2022) data.

Clever Global (XMAD:CLE) 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, Clever Global's WACC % is 0.00%. Clever Global's ROC % is 0.00% (calculated using TTM income statement data). Clever Global 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.

Clever Global ROC % Related Terms

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Clever Global (XMAD:CLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Clever Global SA (XMAD:CLE) » Definitions » ROC %

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Address

Glorieta Fernando, Quinones, Seville, ESP, 41940

Website

http://www.clever-global.com

Clever Global SA is a technology and SmartSourcing services company specializing in the coordination of business activities and the global management of suppliers and contractors, employees, machinery and vehicles. It helps companies and institutions at an international level to manage the exchange of information with their suppliers and customers and ensure the reliability of contractors and suppliers, facilitating greater visibility in the market. The company operates in three business lines including Registration and Homologation, Purchase Management and Contractors Control. Clever serves various sectors including building, renewable energy, mining, distribution, pharmacy and health and public administration.

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