Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Aspire Capital Holding For Financial Investments's annualized return on capital (ROC %) for the quarter that ended in Jun. 2021 was 5.06%.
Aspire Capital Holding For Financial Investments (CAI:ASPI) 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, Aspire Capital Holding For Financial Investments's WACC % is 0.00%. Aspire Capital Holding For Financial Investments's ROC % is 0.00% (calculated using TTM income statement data).
Aspire Capital Holding For Financial Investments 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.
Aspire Capital Holding For Financial Investments ROC % Related Terms
Aspire Capital Holding For Financial Investments ROC % Historical 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.
Aspire Capital Holding For Financial Investments ROC % Chart
Aspire Capital Holding For Financial Investments Annual Data
Note:
The Operating Income data used here is four times the quarterly (Jun. 2021) data.
The tax rate is limited to between 0% and 100%.
* 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.
Aspire Capital Holding For Financial Investments (CAI:ASPI) has a ROC % of 5.06% as of Jun. 2021. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Aspire Capital Holding For Financial Investments and its competitors.
Is Aspire Capital Holding For Financial Investments' ROC % too high?
Aspire Capital Holding For Financial Investments' current ROC % is 5.06%. The Capital Markets industry median ROC % is 1.34. Aspire Capital Holding For Financial Investments' value of 5.06% is 279% above this industry median. Overall, Aspire Capital Holding For Financial Investments has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Aspire Capital Holding For Financial Investments' ROC % compare to MS and SCHW?
Aspire Capital Holding For Financial Investments' ROC % of 5.06% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.34. Aspire Capital Holding For Financial Investments' value of 5.06% is 279% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Capital Markets company?
The median ROC % among Capital Markets companies is 1.34, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aspire Capital Holding For Financial Investments's current ROC % of 5.06% is 279% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Aspire Capital Holding For Financial Investments and its competitors. For the Capital Markets industry, the median ROC % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspire Capital Holding For Financial Investments's current ROC % is 5.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspire Capital Holding For Financial Investments stock overvalued right now?
Aspire Capital Holding For Financial Investments (CAI:ASPI) has a current ROC % of 5.06%. The current ROC % is 5.06% and 279% above the Capital Markets industry median of 1.34. Aspire Capital Holding For Financial Investments' overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Aspire Capital Holding For Financial Investments (CAI:ASPI), the current ROC % is 5.06% as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Aspire Capital Holding For Financial Investments Business Description
Aspire Capital Holding For Financial Investments provides financial services. It offers its services to both retail and institutional investors. It provides brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research. It also provides portfolio management services and financial investment consulting and updates.
8GF Score
Get the complete analysis for CAI:ASPI
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CAI:ASPI has been successfully added to your 
