Fundo Invest Imobiliario Panamby (BSP:PABY11) ROIC % : -656.91% (As of Dec. 2023)

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What is Fundo Invest Imobiliario Panamby 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 %. Fundo Invest Imobiliario Panamby's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -656.91%.

As of today (2024-05-12), Fundo Invest Imobiliario Panamby's WACC % is 3.54%. Fundo Invest Imobiliario Panamby's ROIC % is -656.91% (calculated using TTM income statement data). Fundo Invest Imobiliario Panamby earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Fundo Invest Imobiliario Panamby ROIC % Historical Data

The historical data trend for Fundo Invest Imobiliario Panamby'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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Fundo Invest Imobiliario Panamby ROIC % Chart

Fundo Invest Imobiliario Panamby Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROIC %

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-205.01

48.41

-548.19

-575.60

-656.91

Fundo Invest Imobiliario Panamby Semi-Annual Data
	Dec10	Dec11	Dec12	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROIC %	Get a 7-Day Free Trial							-205.01	48.41	-548.19	-575.60	-656.91

Competitive Comparison of Fundo Invest Imobiliario Panamby's ROIC %

For the Real Estate Services subindustry, Fundo Invest Imobiliario Panamby'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.

Fundo Invest Imobiliario Panamby's ROIC % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fundo Invest Imobiliario Panamby's ROIC % distribution charts can be found below:

* The bar in red indicates where Fundo Invest Imobiliario Panamby's ROIC % falls into.

Fundo Invest Imobiliario Panamby ROIC % Calculation

Fundo Invest Imobiliario Panamby'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 )
=	-4.017 * ( 1 - 0% )	/	( (0.658	+	0.565)	/ 2 )
=	-4.017	/	0.6115
=	-656.91 %

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	))
=	1.151	-	0	-	( 0.57	-	max(0, 0.077	-	0.57	+	0.57	))
=	0.658

	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	))
=	1.113	-	0	-	( 0.57	-	max(0, 0.022	-	0.57	+	0.57	))
=	0.565

Fundo Invest Imobiliario Panamby'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: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-4.017 * ( 1 - 0% )	/	( (0.658	+	0.565)	/ 2 )
=	-4.017	/	0.6115
=	-656.91 %

where

	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	))
=	1.151	-	0	-	( 0.57	-	max(0, 0.077	-	0.57	+	0.57	))
=	0.658

	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	))
=	1.113	-	0	-	( 0.57	-	max(0, 0.022	-	0.57	+	0.57	))
=	0.565

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

Fundo Invest Imobiliario Panamby (BSP:PABY11) 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, Fundo Invest Imobiliario Panamby's WACC % is 3.54%. Fundo Invest Imobiliario Panamby's ROIC % is -656.91% (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.

Fundo Invest Imobiliario Panamby ROIC % Related Terms

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Fundo Invest Imobiliario Panamby (BSP:PABY11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fundo Invest Imobiliario Panamby (BSP:PABY11) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

LAURO MULLER, 116, Rooms 701 To 703, Rio de Janeiro, RJ, BRA, 22290160

Website

https://www.fundoimobiliario.com.br

Fundo Invest Imobiliario Panamby, formerlyFundo de Investimento Imobiliario Panamby is a real estate investment fund managed by Banco Brascan S.A. It is engaged in the acquisition of land located adjacent to the Marginal do Rio Pinheiros in Sao Paulo and its sale to real estate developers.

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