GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Greenwave Technology Solutions Inc (NAS:GWAV) » Definitions » ROC %

GWAV (Greenwave Technology Solutions) ROC % : -34.11% (As of Sep. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Greenwave Technology Solutions 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 %. Greenwave Technology Solutions's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -34.11%.

As of today (2024-12-14), Greenwave Technology Solutions's WACC % is 19.13%. Greenwave Technology Solutions's ROC % is -33.33% (calculated using TTM income statement data). Greenwave Technology Solutions earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Greenwave Technology Solutions ROC % Historical Data

The historical data trend for Greenwave Technology Solutions'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.

Greenwave Technology Solutions ROC % Chart

Greenwave Technology Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.52 -4.10 -5.03 -12.21 -17.76

Greenwave Technology Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -27.48 -12.10 -20.41 -67.31 -34.11

Greenwave Technology Solutions ROC % Calculation

Greenwave Technology Solutions's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=-9.295 * ( 1 - 0% )/( (49.941 + 54.73)/ 2 )
=-9.295/52.3355
=-17.76 %

where

Greenwave Technology Solutions's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-17.748 * ( 1 - 0% )/( (51.009 + 53.066)/ 2 )
=-17.748/52.0375
=-34.11 %

where

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


Greenwave Technology Solutions  (NAS:GWAV) 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, Greenwave Technology Solutions's WACC % is 19.13%. Greenwave Technology Solutions's ROC % is -33.33% (calculated using TTM income statement data). Greenwave Technology Solutions 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.


Greenwave Technology Solutions ROC % Related Terms

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


Greenwave Technology Solutions Business Description

Traded in Other Exchanges
N/A
Address
4016 Raintree Road, Suite 300, Chesapeake, VA, USA, 23321
Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.
Executives
Henry Iii Sicignano director 8201 MAIN STREET, SUITE 6, WILLIAMSVILLE NY 14221
Jason T Adelman director 900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Danny Meeks director, other: Chairman of the BOD 1560 BROADWAY, SUITE 17-105, DENVER CO 80202
Ashley Elizabeth Sickles officer: Chief Financial Officer 531 FOXGATE QUARTER, CHESAPEAKE VA 23322
John Bryan Plumlee director 277 SUBURBAN DRIVE, SUFFOLK VA 23434
Howard Jordan officer: Chief Financial Officer 277 SUBURBAN DRIVE, SUFFOLK VA 23434
Cheryl Elizabeth Lanthorn director 277 SUBURBAN DRIVE, SUFFOLK VA 23434
John D. Wood director 520 BUSHNELL DRIVE, VIRGINIA BEACH VA 23451
Isaac Dietrich director, officer: Chief Executive Officer 1624 MARKET STREET, SUITE 201, DENVER CO 80202
Charles Blum director 1505 UPLAND HILLS DRIVE NORTH, UPLAND CA 91784
Jesus Quintero officer: Chief Financial Officer 16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Graham Farrar director 2420 17TH STREET, OFFICE 3118, DENVER CO 80202
Cecil Bond Kyte director 5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601
Scott C Kveton officer: Chief Executive Officer 1624 MARKET STREET, SUITE 201, DENVER CO 80202
Osborn Steven Lee Ii officer: Chief Technology Officer 761 SE 65TH PL, HILLSBORO OR 97123