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Bullpen Parlay Acquisition Co (Bullpen Parlay Acquisition Co) ROC % : -0.77% (As of Mar. 2023)


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What is Bullpen Parlay Acquisition Co 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 %. Bullpen Parlay Acquisition Co's annualized return on capital (ROC %) for the quarter that ended in Mar. 2023 was -0.77%.

As of today (2024-06-15), Bullpen Parlay Acquisition Co's WACC % is 10.14%. Bullpen Parlay Acquisition Co's ROC % is -0.87% (calculated using TTM income statement data). Bullpen Parlay Acquisition Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Bullpen Parlay Acquisition Co ROC % Historical Data

The historical data trend for Bullpen Parlay Acquisition Co'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.

* Premium members only.

Bullpen Parlay Acquisition Co ROC % Chart

Bullpen Parlay Acquisition Co Annual Data
Trend Dec21 Dec22
ROC %
- -0.87

Bullpen Parlay Acquisition Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROC % Get a 7-Day Free Trial Premium Member Only -0.88 -0.87 -0.83 -0.95 -0.77

Bullpen Parlay Acquisition Co ROC % Calculation

Bullpen Parlay Acquisition Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

ROC % (A: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2021 ) + Invested Capital (A: Dec. 2022 ))/ count )
=-2.081 * ( 1 - 1.44% )/( (234.6 + 237.131)/ 2 )
=-2.0510336/235.8655
=-0.87 %

where

Bullpen Parlay Acquisition Co's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=-2.128 * ( 1 - 14.19% )/( (237.131 + 239.505)/ 2 )
=-1.8260368/238.318
=-0.77 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 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.


Bullpen Parlay Acquisition Co  (NAS:BPAC) 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, Bullpen Parlay Acquisition Co's WACC % is 10.14%. Bullpen Parlay Acquisition Co's ROC % is -0.87% (calculated using TTM income statement data). Bullpen Parlay Acquisition Co 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.


Bullpen Parlay Acquisition Co ROC % Related Terms

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Bullpen Parlay Acquisition Co (Bullpen Parlay Acquisition Co) Business Description

Traded in Other Exchanges
N/A
Address
38 Keyes Ave, Suite 100, San Francisco, CA, USA, 94129
Bullpen Parlay Acquisition Co is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Executives
Les Ottolenghi director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
Duncan M Davidson officer: Executive Vice President 47 LINDA VISTA AVE, ATHERTON CA 94027
Bpac Partners Llc 10 percent owner C/O BULLPEN CAPITAL, 215 2ND ST, SAN FRANCISCO CA 94105
Paul Martino director, officer: Executive Chairman C/O BULLPEN CAPITAL, ATTN: PAUL MARTINO, 215 2ND ST, SAN FRANCISCO CA 94105
David Vanegmond director, officer: Chief Executive Officer C/O BULLPEN PARLAY ACQUISITION, 215 2ND ST, FLOOR 3, SAN FRANCISCO CA 94105
Eric Wiesen officer: President C/O BULLPEN CAPITAL, ATTN: ERIC WIESEN, 215 2ND ST, SAN FRANCISCO CA 94105
Melissa Blau director C/O BULLPEN CAPITAL, ATTN: M. BLAU, 215 2ND ST, SAN FRANCISCO CA 94105
Brett Calapp director C/O BULLPEN CAPITAL, ATTN: B. CALAPP, 215 2ND ST, SAN FRANCISCO CA 94105