Saltbae Capital (Saltbae Capital) ROC % : -67.83% (As of Mar. 2019)

View and export this data going back to 1999. Start your Free Trial

What is Saltbae Capital 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 %. Saltbae Capital's annualized return on capital (ROC %) for the quarter that ended in Mar. 2019 was -67.83%.

As of today (2024-06-03), Saltbae Capital's WACC % is 0.00%. Saltbae Capital's ROC % is 0.00% (calculated using TTM income statement data). Saltbae Capital earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Saltbae Capital ROC % Historical Data

The historical data trend for Saltbae Capital'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.

Saltbae Capital ROC % Chart

Saltbae Capital Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

ROC %

Get a 7-Day Free Trial

-6.07

-7.51

-20.97

-48.68

-106.86

Saltbae Capital Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROC %	Get a 7-Day Free Trial															-43.51	-214.22	-54.52	-47.67	-67.83

Saltbae Capital ROC % Calculation

Saltbae Capital's annualized Return on Capital (ROC %) for the fiscal year that ended in Sep. 2017 is calculated as:

	ROC % (A: Sep. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Sep. 2016 )	+	Invested Capital (A: Sep. 2017 ))	/ count )
=	-0.903 * ( 1 - 0% )	/	( (0.744	+	0.946)	/ 2 )
=	-0.903	/	0.845
=	-106.86 %

where

	Invested Capital		(A: Sep. 2016 )
=	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	))
=	0.732	-	0.185	-	( 0.002	-	max(0, 0.201	-	0.004	+	0.002	))
=	0.744

	Invested Capital		(A: Sep. 2017 )
=	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	))
=	1.799	-	0.064	-	( 0.812	-	max(0, 0.081	-	0.87	+	0.812	))
=	0.946

Saltbae Capital's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2019 is calculated as:

	ROC % (Q: Mar. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2018 )	+	Invested Capital (Q: Mar. 2019 ))	/ count )
=	-10.672 * ( 1 - 0% )	/	( (15.633	+	15.832)	/ 2 )
=	-10.672	/	15.7325
=	-67.83 %

where

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	20.934	-	3.13	-	( 2.171	-	max(0, 3.157	-	10.464	+	2.171	))
=	15.633

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	20.306	-	2.591	-	( 1.883	-	max(0, 2.977	-	10.276	+	1.883	))
=	15.832

Note: The Operating Income data used here is four times the quarterly (Mar. 2019) data.

Saltbae Capital (OTCPK:CECBF) 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, Saltbae Capital's WACC % is 0.00%. Saltbae Capital's ROC % is 0.00% (calculated using TTM income statement data). Saltbae Capital 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.

Saltbae Capital ROC % Related Terms

Thank you for viewing the detailed overview of Saltbae Capital's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Saltbae Capital (Saltbae Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saltbae Capital Corp (OTCPK:CECBF) » Definitions » ROC %

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 5700, First Canadian Place, Toronto, ON, CAN, M5X 1C7

Website

https://www.cellcubeenergystorage.com

Saltbae Capital Corp formerly CellCube Energy Storage Systems Inc is a Canadian company which acts as an integrated producer of vanadium and vanadium electrolytes for the energy storage industry. The principal activity is the exploration of its mineral properties in Canada and the United States. The company owns an interest in Bisoni-Mckay Property and Bisoni-Rio Property.