HCICU (Hennessy Capital Investment VIII) ROC %: -0.82% (As of Mar. 2026)


HCICU Hennessy Capital Investment Corp VIII HCICU
13 GF Score
Price $10.10
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What is Hennessy Capital Investment VIII ROC %?

Hennessy Capital Investment VIII HCICU 13 ROC % is -0.82% as of Mar. 2026. GuruFocus rates HCICU with a GF Score™ of 13/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Hennessy Capital Investment VIII's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -0.82%.

As of today (2026-06-25), Hennessy Capital Investment VIII's WACC % is 0.00%. Hennessy Capital Investment VIII's ROC % is -0.42% (calculated using TTM income statement data). Hennessy Capital Investment VIII earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Hennessy Capital Investment VIII  (NAS:HCICU) 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, Hennessy Capital Investment VIII's WACC % is 0.00%. Hennessy Capital Investment VIII's ROC % is -0.42% (calculated using TTM income statement data). Hennessy Capital Investment VIII 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.

Hennessy Capital Investment VIII ROC % Related Terms

Hennessy Capital Investment VIII ROC % Historical Data

* Premium members only.

The historical data trend for Hennessy Capital Investment VIII'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.

Hennessy Capital Investment VIII ROC % Chart

Hennessy Capital Investment VIII Annual Data
Trend Dec25
ROC %
0.00

Hennessy Capital Investment VIII Quarterly Data
Oct25 Mar26
ROC % -48.00 -0.82
HCICU
13GF Score
Hennessy Capital Investment Corp VIII HCICU
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hennessy Capital Investment VIII ROC % Calculation

Hennessy Capital Investment VIII's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: . 20 ) + Invested Capital (A: Dec. 2025 ))/ count )
= * ( 1 - % )/( ( + )/ )
=/
= %

where

Invested Capital(A: . 20 )
=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))
= - - ( - max(0, - +))
=

Invested Capital(A: Dec. 2025 )
=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))
= - - ( - max(0, - +))
=

Hennessy Capital Investment VIII's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-1.992 * ( 1 - 0% )/( (0.15 + 242.763)/ 2 )
=-1.992/121.4565
=-1.64 %

where

Invested Capital(Q: Oct. 2025 )
=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))
=0.165 - 0.158 - ( 0.015 - max(0, 0.158 - 0.015+0.015))
=0.15

Invested Capital(Q: Mar. 2026 )
=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))
=243.719 - 0.15 - ( 0.806 - max(0, 0.15 - 0.989+0.806))
=242.763

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) 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 -0.82% mean?
Hennessy Capital Investment VIII (HCICU) has a ROC % of -0.82% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Hennessy Capital Investment VIII and its competitors.
Is Hennessy Capital Investment VIII's ROC % too high?
Hennessy Capital Investment VIII's current ROC % is -0.82%. Overall, Hennessy Capital Investment VIII has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hennessy Capital Investment VIII's ROC % compare to SOUL and TLNC?
Hennessy Capital Investment VIII's ROC % of -0.82% can be compared against companies in the Diversified Financial Services industry. 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 Diversified Financial Services company?
A good ROC % depends on the Diversified Financial Services industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Hennessy Capital Investment VIII and its competitors. Hennessy Capital Investment VIII's current ROC % is -0.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hennessy Capital Investment VIII stock overvalued right now?
Hennessy Capital Investment VIII (HCICU) has a current ROC % of -0.82%. The current ROC % is -0.82%. Hennessy Capital Investment VIII's overall GF Score™ is 13/100. 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 Hennessy Capital Investment VIII (HCICU), the current ROC % is -0.82% as of Mar. 2026. 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.

Hennessy Capital Investment VIII Business Description

Other Exchanges HCIC:USA
Address 195 US Highway 50, Suite 207, Zephyr Cove, NV, USA, 89448
Hennessy Capital Investment Corp VIII is a blank check company.
13GF Score

Get the complete analysis for HCICU

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