FRPC (First Republic of America) ROC %: 1.14% (As of Mar. 2004)


What is First Republic of America ROC %?

First Republic of America FRPC ROC % is 1.14% as of Mar. 2004.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. First Republic of America's annualized return on capital (ROC %) for the quarter that ended in Mar. 2004 was 1.14%.

As of today (2026-06-25), First Republic of America's WACC % is 0.00%. First Republic of America's ROC % is 0.00% (calculated using TTM income statement data). First Republic of America earns returns that do not match up to its cost of capital. It will destroy value as it grows.

First Republic of America  (OTCPK:FRPC) 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, First Republic of America's WACC % is 0.00%. First Republic of America's ROC % is 0.00% (calculated using TTM income statement data). First Republic of America 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.

First Republic of America ROC % Related Terms

First Republic of America ROC % Historical Data

* Premium members only.

The historical data trend for First Republic of America'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.

First Republic of America ROC % Chart

First Republic of America Annual Data
Trend Jun01 Jun02 Jun03
ROC %
16.17 -1.31 -1.46

First Republic of America Quarterly Data
Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.17 -0.20 0.06 0.33 1.14

First Republic of America ROC % Calculation

First Republic of America's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2003 is calculated as:

ROC % (A: Jun. 2003 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2002 ) + Invested Capital (A: Jun. 2003 ))/ count )
=-1.364 * ( 1 - 0% )/( (92.642 + 94.715)/ 2 )
=-1.364/93.6785
=-1.46 %

where

Invested Capital(A: Jun. 2002 )
=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))
=98.982 - 2.939 - ( 3.401 - max(0, 6.113 - 22.247+3.401))
=92.642

Invested Capital(A: Jun. 2003 )
=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))
=100.374 - 3.48 - ( 2.179 - max(0, 11.88 - 21.708+2.179))
=94.715

First Republic of America's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2004 is calculated as:

ROC % (Q: Mar. 2004 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2003 ) + Invested Capital (Q: Mar. 2004 ))/ count )
=1.772 * ( 1 - 38.24% )/( (93.91 + 97.563)/ 2 )
=1.0943872/95.7365
=1.14 %

where

Invested Capital(Q: Dec. 2003 )
=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))
=95.116 - 0 - ( 1.206 - max(0, 13.51 - 16.874+1.206))
=93.91

Invested Capital(Q: Mar. 2004 )
=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))
=93.948 - 0 - ( 1.669 - max(0, 19.312 - 15.697+1.669))
=97.563

Note: The Operating Income data used here is four times the quarterly (Mar. 2004) 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 1.14% mean?
First Republic of America (FRPC) has a ROC % of 1.14% as of Mar. 2004. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Republic of America and its competitors.
Is First Republic of America's ROC % too high?
First Republic of America's current ROC % is 1.14%. The Business Services industry median ROC % is 5.93. First Republic of America's value of 1.14% is 80.8% below this industry median.
How does First Republic of America's ROC % compare to competitors?
First Republic of America's ROC % of 1.14% can be compared against companies in the Business Services industry. The industry median ROC % is 5.93. First Republic of America's value of 1.14% is 80.8% below 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 Business Services company?
The median ROC % among Business Services companies is 5.93, based on 1,075 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. First Republic of America's current ROC % of 1.14% is 80.8% below 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 First Republic of America and its competitors. For the Business Services industry, the median ROC % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Republic of America's current ROC % is 1.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Republic of America stock overvalued right now?
First Republic of America (FRPC) has a current ROC % of 1.14%. The current ROC % is 1.14% and 80.8% below the Business Services industry median of 5.93. 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 First Republic of America (FRPC), the current ROC % is 1.14% as of Mar. 2004. 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.