Aquarius Platinum (Aquarius Platinum) ROC % : -10.99% (As of Dec. 2015)

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What is Aquarius Platinum ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Aquarius Platinum's annualized return on capital (ROC %) for the quarter that ended in Dec. 2015 was -10.99%.

As of today (2024-06-25), Aquarius Platinum's WACC % is 0.00%. Aquarius Platinum's ROC % is 0.00% (calculated using TTM income statement data). Aquarius Platinum earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Aquarius Platinum ROC % Historical Data

The historical data trend for Aquarius Platinum's ROC % 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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Aquarius Platinum ROC % Chart

Aquarius Platinum Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

ROC %

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-2.35

-12.98

-2.18

-0.22

-15.70

Aquarius Platinum Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
ROC %	Get a 7-Day Free Trial															-4.41	3.60	0.20	-33.81	-10.99

Aquarius Platinum ROC % Calculation

Aquarius Platinum's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2015 is calculated as:

	ROC % (A: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2014 )	+	Invested Capital (A: Jun. 2015 ))	/ count )
=	-74.98 * ( 1 - -8.47% )	/	( (546.376	+	489.555)	/ 2 )
=	-81.330806	/	517.9655
=	-15.70 %

where

	Invested Capital		(A: Jun. 2014 )
=	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	))
=	717.475	-	34.279	-	( 136.82	-	max(0, 40.123	-	182.17	+	136.82	))
=	546.376

	Invested Capital		(A: Jun. 2015 )
=	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	))
=	594.065	-	34.524	-	( 195.773	-	max(0, 163.481	-	233.467	+	195.773	))
=	489.555

Aquarius Platinum's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2015 is calculated as:

	ROC % (Q: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Dec. 2015 ))	/ count )
=	-47.478 * ( 1 - 8.73% )	/	( (489.555	+	299.247)	/ 2 )
=	-43.3331706	/	394.401
=	-10.99 %

where

	Invested Capital		(Q: Jun. 2015 )
=	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	))
=	594.065	-	34.524	-	( 195.773	-	max(0, 163.481	-	233.467	+	195.773	))
=	489.555

	Invested Capital		(Q: Dec. 2015 )
=	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	))
=	333.126	-	0	-	( 42.169	-	max(0, 36.026	-	69.905	+	42.169	))
=	299.247

Note: The Operating Income data used here is two times the semi-annual (Dec. 2015) data.

Aquarius Platinum (OTCPK:AQPTY) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Aquarius Platinum's WACC % is 0.00%. Aquarius Platinum's ROC % is 0.00% (calculated using TTM income statement data). Aquarius Platinum 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 %, ROC % 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.

Aquarius Platinum ROC % Related Terms

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Aquarius Platinum (Aquarius Platinum) Business Description

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Website

http://www.aquariusplatinum.com

Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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