FuelStream (FuelStream) ROC % : -10.40% (As of Sep. 2015)

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What is FuelStream 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 %. FuelStream's annualized return on capital (ROC %) for the quarter that ended in Sep. 2015 was -10.40%.

As of today (2024-06-21), FuelStream's WACC % is 0.00%. FuelStream's ROC % is 0.00% (calculated using TTM income statement data). FuelStream earns returns that do not match up to its cost of capital. It will destroy value as it grows.

FuelStream ROC % Historical Data

The historical data trend for FuelStream'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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FuelStream ROC % Chart

FuelStream Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROC %

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-365.34

-235.21

-757.29

-75.35

-32.14

FuelStream Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROC %	Get a 7-Day Free Trial															-35.14	-16.00	-10.44	-14.69	-10.40

FuelStream ROC % Calculation

FuelStream's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2014 is calculated as:

	ROC % (A: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2013 )	+	Invested Capital (A: Dec. 2014 ))	/ count )
=	-1.408 * ( 1 - 0% )	/	( (4.239	+	4.524)	/ 2 )
=	-1.408	/	4.3815
=	-32.14 %

where

	Invested Capital		(A: Dec. 2013 )
=	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	))
=	0.028	-	1.639	-	( 0	-	max(0, 5.878	-	0.028	+	0	))
=	4.239

	Invested Capital		(A: Dec. 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	))
=	0.029	-	2.164	-	( 0.001	-	max(0, 6.688	-	0.029	+	0.001	))
=	4.524

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

	ROC % (Q: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2015 )	+	Invested Capital (Q: Sep. 2015 ))	/ count )
=	-0.416 * ( 1 - 0% )	/	( (4.745	+	3.254)	/ 2 )
=	-0.416	/	3.9995
=	-10.40 %

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	))
=	0.43	-	2.567	-	( 0.202	-	max(0, 7.312	-	0.43	+	0.202	))
=	4.745

	Invested Capital		(Q: Sep. 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	))
=	0.538	-	5.045	-	( 0.094	-	max(0, 8.299	-	0.538	+	0.094	))
=	3.254

Note: The Operating Income data used here is four times the quarterly (Sep. 2015) data.

FuelStream (OTCPK:FLST) 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, FuelStream's WACC % is 0.00%. FuelStream's ROC % is 0.00% (calculated using TTM income statement data). FuelStream 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.

FuelStream ROC % Related Terms

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FuelStream (FuelStream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FuelStream Inc (OTCPK:FLST) » Definitions » ROC %

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Traded in Other Exchanges

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Address

11650 South State Street, Suite 240, Draper, UT, USA, 84020

Website

http://www.fuel-stream.com

Fuelstream Inc is a part of the energy sector. It is an in-wing and on-location supplier and distributor of aviation fuel to corporate, commercial, military and privately owned aircraft throughout the world. The company offers aviation fuel and support services. It also provides a range of ground services either directly or through its affiliates, including concierge services, passenger and baggage handling, landing rights, coordination with local aviation authorities, aircraft maintenance services, catering, cabin cleaning, customs approvals and third-party invoice reconciliation.

Executives

Kenneth I Denos	director, officer: CHIEF EXECUTIVE OFFICER	10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095
Summit Trading Ltd	10 percent owner	904 SILVER SPUR RD, ROLLING HILLS ESTATES CA 90274

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