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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. SKYX Platforms's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -77.63%.
As of today (2024-04-25), SKYX Platforms's WACC % is -19797.16%. SKYX Platforms's ROIC % is -74.81% (calculated using TTM income statement data). SKYX Platforms generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
The historical data trend for SKYX Platforms'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.
SKYX Platforms Annual Data | |||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
ROIC % | Get a 7-Day Free Trial | -19.35 | -53.41 | -297.31 | -154.37 | -81.86 |
SKYX Platforms Quarterly Data | ||||||||||||||||||||
Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROIC % | Get a 7-Day Free Trial | -57.07 | -86.62 | -99.26 | -41.46 | -77.63 |
For the Electrical Equipment & Parts subindustry, SKYX Platforms'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.
For the Industrial Products industry and Industrials sector, SKYX Platforms's ROIC % distribution charts can be found below:
* The bar in red indicates where SKYX Platforms's ROIC % falls into.
SKYX Platforms'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 ) |
= | -37.825 * ( 1 - 0% ) | / | ( (32.321 | + | 60.097) | / 2 ) |
= | -37.825 | / | 46.209 | |||
= | -81.86 % |
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 | )) |
= | 43.177 | - | 1.95 | - | ( 14.094 | - | max(0, 7.424 | - | 16.33 | + | 14.094 | )) |
= | 32.321 |
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 | )) |
= | 76.341 | - | 13.119 | - | ( 16.811 | - | max(0, 24.193 | - | 27.318 | + | 16.811 | )) |
= | 60.097 |
SKYX Platforms'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: Sep. 2023 ) | + | Invested Capital (Q: Dec. 2023 )) | / count ) |
= | -47.252 * ( 1 - 0% ) | / | ( (61.647 | + | 60.097) | / 2 ) |
= | -47.252 | / | 60.872 | |||
= | -77.63 % |
where
Invested Capital | (Q: Sep. 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 | )) |
= | 78.343 | - | 19.69 | - | ( 16.479 | - | max(0, 31.334 | - | 28.34 | + | 16.479 | )) |
= | 61.647 |
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 | )) |
= | 76.341 | - | 13.119 | - | ( 16.811 | - | max(0, 24.193 | - | 27.318 | + | 16.811 | )) |
= | 60.097 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2023) 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.
SKYX Platforms (NAS:SKYX) 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, SKYX Platforms's WACC % is -19797.16%. SKYX Platforms's ROIC % is -74.81% (calculated using TTM income statement data). SKYX Platforms generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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. SKYX Platforms 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 %, 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.
Thank you for viewing the detailed overview of SKYX Platforms's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
John P. Campi | officer: Chief Executive Officer | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Ran Roland Kohen | director, 10 percent owner | 20735 NE 32 PL, AVENTURA FL 33180 |
Dov Shiff | director, 10 percent owner | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Steven Mark Schmidt | officer: President | 36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204 |
Nancy Dimattia | director | C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441 |
Marc Andre Boisseau | officer: Chief Financial Officer | 1650 OAKBROOK DRIVE, NORCROSS GA 30093 |
Patricia Ann Barron | officer: Chief Operations Officer | 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Gary N Golden | director | C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022 |
Greenstein Brayer Efrat L | director | C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022 |
Mark J Wells | officer: President | 1219 WEST 67TH STREET, CLEVELAND OH 44102 |
Leonard J Sokolow | director | REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102 |
Thomas J Ridge | director | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Phillips S. Peter | director | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
Montek 7 Sql Llc | 10 percent owner | C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022 |
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