Inter-con/pc (Inter-con/pc) ROIC % : 0.00% (As of Dec. 2011)

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What is Inter-con/pc 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 %. Inter-con/pc's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2011 was 0.00%.

As of today (2024-05-03), Inter-con/pc's WACC % is 0.00%. Inter-con/pc's ROIC % is 0.00% (calculated using TTM income statement data). Inter-con/pc earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Inter-con/pc ROIC % Historical Data

The historical data trend for Inter-con/pc'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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Inter-con/pc ROIC % Chart

Inter-con/pc Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

ROIC %

Inter-con/pc Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11
ROIC %	-	-	-	-	-

Competitive Comparison of Inter-con/pc's ROIC %

For the Conglomerates subindustry, Inter-con/pc'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.

Inter-con/pc's ROIC % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Inter-con/pc's ROIC % distribution charts can be found below:

* The bar in red indicates where Inter-con/pc's ROIC % falls into.

Inter-con/pc ROIC % Calculation

Inter-con/pc's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2011 is calculated as:

	ROIC % (A: Dec. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2010 )	+	Invested Capital (A: Dec. 2011 ))	/ count )
=	-0.007 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	-0.007	/	0
=	%

where

	Invested Capital		(A: Dec. 2010 )
=	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	))
=	0	-	0.042	-	( 0	-	max(0, 0.042	-	0	+	0	))
=	0

	Invested Capital		(A: Dec. 2011 )
=	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	))
=	0	-	0.046	-	( 0	-	max(0, 0.046	-	0	+	0	))
=	0

Inter-con/pc's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2011 is calculated as:

	ROIC % (Q: Dec. 2011 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2010 )	+	Invested Capital (Q: Dec. 2011 ))	/ count )
=	-0.007 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	-0.007	/	0
=	%

where

	Invested Capital		(Q: Dec. 2010 )
=	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	))
=	0	-	0.042	-	( 0	-	max(0, 0.042	-	0	+	0	))
=	0

	Invested Capital		(Q: Dec. 2011 )
=	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	))
=	0	-	0.046	-	( 0	-	max(0, 0.046	-	0	+	0	))
=	0

Note: The Operating Income data used here is one times the annual (Dec. 2011) data.

Inter-con/pc (OTCPK:ICPC) 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, Inter-con/pc's WACC % is 0.00%. Inter-con/pc'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.

Inter-con/pc ROIC % Related Terms

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Inter-con/pc (Inter-con/pc) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Inter-con/pc Inc (OTCPK:ICPC) » Definitions » ROIC %

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Address

Website

Inter-con/pc Inc, formerly Hyperview Ltd., was incorporated under the laws of the State of Nevada on January 29, 2010 for the sole purpose of redomiciling Inter-Con/PC, Inc., a Minnesota corporation into the State of Nevada. Infopac Systems, Inc. was incorporated in the State of Minnesota in 1983. On June 8, 1999, Infopac Systems, Inc. acquired all of the issued and outstanding shares of the common stock of Inter-Con/PC, Inc. through a statutory merger of Inter-Con/PC, Inc. into Infopac Systems, Inc. Immediately after the merger, Infopac Systems, Inc., changed its name to Inter-Con/PC, Inc. For financial statement reporting purposes, the acquisition has been treated as a reverse acquisition of Infopac Systems, Inc. by Inter-Con/PC, Inc. and as a recapitalization of Inter-Con/PC, Inc. The Company was formed as a technology-development corporation to develop, manufacture, and market a set-top-box computer that would facilitate the convergence of voice, video, data and other technologies all through the TV screen. The Company is currently inactive seeking merger and business opportunities.

Inter-con/pc (Inter-con/pc) Headlines

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