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Fiplasto (BUE:FIPL) ROC % : -8.28% (As of Dec. 2024)


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What is Fiplasto 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 %. Fiplasto's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -8.28%.

As of today (2025-03-24), Fiplasto's WACC % is 14.91%. Fiplasto's ROC % is 4.26% (calculated using TTM income statement data). Fiplasto earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Fiplasto ROC % Historical Data

The historical data trend for Fiplasto'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.

Fiplasto ROC % Chart

Fiplasto Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.95 2.75 14.52 23.90 63.93

Fiplasto Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 123.15 7.27 4.71 16.46 -8.28

Fiplasto ROC % Calculation

Fiplasto's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2024 is calculated as:

ROC % (A: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2023 ) + Invested Capital (A: Jun. 2024 ))/ count )
=8602.303 * ( 1 - -92.03% )/( (25039.562 + 26640.058)/ 2 )
=16519.0024509/25839.81
=63.93 %

where

Invested Capital(A: Jun. 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))
=39132.209 - 3434.835 - ( 10657.812 - max(0, 7550.568 - 18572.908+10657.812))
=25039.562

Invested Capital(A: Jun. 2024 )
=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))
=43732.244 - 6935.027 - ( 14432.72 - max(0, 12018.381 - 22175.54+14432.72))
=26640.058

Fiplasto's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-6208.3 * ( 1 - 36.22% )/( (30781.819 + 64851.907)/ 2 )
=-3959.65374/47816.863
=-8.28 %

where

Invested Capital(Q: Sep. 2024 )
=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))
=49349.094 - 4570.28 - ( 14251.395 - max(0, 11074.646 - 25071.641+14251.395))
=30781.819

Invested Capital(Q: Dec. 2024 )
=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))
=80178.477 - 6428.317 - ( 13642.086 - max(0, 24796.67 - 33694.923+13642.086))
=64851.907

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) 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.


Fiplasto  (BUE:FIPL) 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, Fiplasto's WACC % is 14.91%. Fiplasto's ROC % is 4.26% (calculated using TTM income statement data). Fiplasto 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.


Fiplasto ROC % Related Terms

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Fiplasto Business Description

Traded in Other Exchanges
N/A
Address
Piso 10, Alsina 756, Buenos Aires, ARG, C1087AAL
Fiplasto SA operates in the furniture industry. The principal business activity of the company is the manufacturing and marketing of wood fiber boards. The company serves a wide variety of industries in Argentina and the world that use its hardboard products for applications as diverse as auto parts, packaging, manufacture of furniture and doors, boards, formworks for construction, exhibitors, and posters. The company has two segments, Hardboard and Furniture, where it generates the majority of its revenue from the Hardboard segment.

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