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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 %. Major League Football's annualized return on invested capital (ROIC %) for the quarter that ended in Jan. 2023 was -26.46%.
As of today (2024-04-25), Major League Football's WACC % is 0.00%. Major League Football's ROIC % is 0.00% (calculated using TTM income statement data). Major League Football earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for Major League Football'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.
Major League Football Annual Data | |||||||||||||||||||||
Trend | Apr13 | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | |||||||||||
ROIC % | Get a 7-Day Free Trial | -19.28 | -49.13 | -28.21 | -17.63 | -52.39 |
Major League Football Quarterly Data | ||||||||||||||||||||
Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | |
ROIC % | Get a 7-Day Free Trial | -20.04 | -93.32 | -456.91 | -36.78 | -26.46 |
For the Entertainment subindustry, Major League Football'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 Media - Diversified industry and Communication Services sector, Major League Football's ROIC % distribution charts can be found below:
* The bar in red indicates where Major League Football's ROIC % falls into.
Major League Football's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Apr. 2022 is calculated as:
ROIC % (A: Apr. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Apr. 2021 ) | + | Invested Capital (A: Apr. 2022 )) | / count ) |
= | -1.171 * ( 1 - 0% ) | / | ( (1.891 | + | 2.579) | / 2 ) |
= | -1.171 | / | 2.235 | |||
= | -52.39 % |
where
Invested Capital | (A: Apr. 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 | )) |
= | 0.143 | - | 2.572 | - | ( 0.02 | - | max(0, 4.392 | - | 0.072 | + | 0.02 | )) |
= | 1.891 |
Invested Capital | (A: Apr. 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 | )) |
= | 1.257 | - | 2.864 | - | ( 0.673 | - | max(0, 4.916 | - | 0.73 | + | 0.673 | )) |
= | 2.579 |
Major League Football's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jan. 2023 is calculated as:
ROIC % (Q: Jan. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Oct. 2022 ) | + | Invested Capital (Q: Jan. 2023 )) | / count ) |
= | -2.104 * ( 1 - 0% ) | / | ( (8.569 | + | 7.332) | / 2 ) |
= | -2.104 | / | 7.9505 | |||
= | -26.46 % |
where
Invested Capital | (Q: Oct. 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 | )) |
= | 0.904 | - | 4.761 | - | ( 0.028 | - | max(0, 12.5 | - | 0.074 | + | 0.028 | )) |
= | 8.569 |
Invested Capital | (Q: Jan. 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 | )) |
= | 0.495 | - | 5.146 | - | ( 0.006 | - | max(0, 11.989 | - | 0.006 | + | 0.006 | )) |
= | 7.332 |
Note: The Operating Income data used here is four times the quarterly (Jan. 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.
Major League Football (OTCPK:MLFB) 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, Major League Football's WACC % is 0.00%. Major League Football'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.
Thank you for viewing the detailed overview of Major League Football's ROIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard E. Nichols | officer: Chief Operating Officer | 22106 N LAS POSITAS DRIVE, SUN CITY WEST AZ 85375 |
Stephen Thomas Videtich | officer: VP Team Interface | 6317 W. CEDAR HILL RD., WEST JORDAN UT 84081 |
Paul Mccarthy Michael | officer: SVP Football Operations | 8349 COTTAGE ROAD P.O. BOX 65, BRANTINGHAM NY 13312 |
William George Lyons | officer: Chief Marketing Officer | 178 LAKESHORE DRIVE, MOORESVILLE NC 28117 |
Kevin Dean Mclenithan | officer: VP Sales, Marketing and IR | 12011 MOUNTBATTEN DR, TAMPA FL 33626 |
Gregory Francis Campbell | officer: Chief Financial Officer | 511 ISLAND WAY, CLEARWATER FL 33767 |
John Joseph Coyne | director, officer: Executive Vice President | 9822 NEW PARKE RD, TAMPA FL 33626 |
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Chandler Wesley S. Ii | officer: President, Secretary | 328 HEMLEB COURT, PINOLE CA 94564 |
Thomas Joseph Marino | director, officer: Exec. Chmn. of the Board | 354 CADDO DRIVE, MADISONVILLE LA 70447 |
Richard Smith | officer: Chief Operating Officer | 15 BROOKSIDE AVE., WESTPORT MA 02790 |
Elliot Bellen | 10 percent owner | 11985 SOUTHERN BOULEVARD, SUITE 191, ROYAL PALM BEACH FL 33411 |
New Bastion Development, Inc. | 10 percent owner | 125 SOUTH STATE ROAD 7, SUITE 104-275, WELLINGTON FL 33414 |
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