Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) ROIC % : 0.00% (As of Dec. 2023)

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What is Blue Hat Interactive Entertainment Technology 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 %. Blue Hat Interactive Entertainment Technology's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was 0.00%.

As of today (2024-05-15), Blue Hat Interactive Entertainment Technology's WACC % is 10.30%. Blue Hat Interactive Entertainment Technology's ROIC % is 0.00% (calculated using TTM income statement data). Blue Hat Interactive Entertainment Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Blue Hat Interactive Entertainment Technology ROIC % Historical Data

The historical data trend for Blue Hat Interactive Entertainment Technology'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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Blue Hat Interactive Entertainment Technology ROIC % Chart

Blue Hat Interactive Entertainment Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROIC %

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29.77

18.32

-101.56

-40.22

-44.88

Blue Hat Interactive Entertainment Technology Quarterly Data
	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
ROIC %	Get a 7-Day Free Trial														-341.24	-70.42	-	-	-

Competitive Comparison of Blue Hat Interactive Entertainment Technology's ROIC %

For the Electronic Gaming & Multimedia subindustry, Blue Hat Interactive Entertainment Technology'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.

Blue Hat Interactive Entertainment Technology's ROIC % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Blue Hat Interactive Entertainment Technology's ROIC % distribution charts can be found below:

* The bar in red indicates where Blue Hat Interactive Entertainment Technology's ROIC % falls into.

Blue Hat Interactive Entertainment Technology ROIC % Calculation

Blue Hat Interactive Entertainment Technology'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 )
=	-15.19 * ( 1 - -0.02% )	/	( (24.005	+	43.703)	/ 2 )
=	-15.193038	/	33.854
=	-44.88 %

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	))
=	34.277	-	10.203	-	( 0.069	-	max(0, 17.408	-	21.532	+	0.069	))
=	24.005

	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	))
=	49.263	-	5.152	-	( 0.408	-	max(0, 5.664	-	39.282	+	0.408	))
=	43.703

Blue Hat Interactive Entertainment Technology's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROIC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	0 * ( 1 - 0% )	/	( (24.586	+	43.703)	/ 2 )
=	0	/	34.1445
=	0.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	35.126	-	10.407	-	( 0.133	-	max(0, 18.641	-	23.496	+	0.133	))
=	24.586

	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	))
=	49.263	-	5.152	-	( 0.408	-	max(0, 5.664	-	39.282	+	0.408	))
=	43.703

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

Blue Hat Interactive Entertainment Technology (NAS:BHAT) 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, Blue Hat Interactive Entertainment Technology's WACC % is 10.30%. Blue Hat Interactive Entertainment Technology'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.

Blue Hat Interactive Entertainment Technology ROIC % Related Terms

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Blue Hat Interactive Entertainment Technology (Blue Hat Interactive Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Blue Hat Interactive Entertainment Technology (NAS:BHAT) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

4Y80:Germany

Address

No. 1010 Anling Road, 7th Floor, Building C, Huli District, Xiamen, CHN, 361009

Website

https://www.ir.bluehatgroup.com

Blue Hat Interactive Entertainment Technology is a producer, developer, and operator of augmented reality (AR) interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The company's products include AR Racer, AR Crazy Bug, AR 3D Magic Box, AR Dinosaur, Talking Tom and Friends Bouncing Bubble, and Immersive Education Classes. The company reports in the following segments: Interactive toys - animation series, Interactive toys - game series, and Mobile games, Information services, and Communication services, out of which the majority of the revenue is generated from the game series. The majority of its revenues are generated in China.