All Nation International Group (HKSE:08170) ROC % : -7.53% (As of Oct. 2022)

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What is All Nation International Group 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 %. All Nation International Group's annualized return on capital (ROC %) for the quarter that ended in Oct. 2022 was -7.53%.

As of today (2024-06-17), All Nation International Group's WACC % is 0.00%. All Nation International Group's ROC % is 0.00% (calculated using TTM income statement data). All Nation International Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

All Nation International Group ROC % Historical Data

The historical data trend for All Nation International Group'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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All Nation International Group ROC % Chart

All Nation International Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

ROC %

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-56.08

-46.10

14.52

9.72

3.64

All Nation International Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
ROC %	Get a 7-Day Free Trial															13.63	4.94	10.16	-25.62	-7.53

All Nation International Group ROC % Calculation

All Nation International Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Jul. 2022 is calculated as:

	ROC % (A: Jul. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jul. 2021 )	+	Invested Capital (A: Jul. 2022 ))	/ count )
=	16.669 * ( 1 - 54.54% )	/	( (234.253	+	182.139)	/ 2 )
=	7.5777274	/	208.196
=	3.64 %

where

	Invested Capital		(A: Jul. 2021 )
=	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	))
=	344.587	-	22.664	-	( 112.83	-	max(0, 126.306	-	213.976	+	112.83	))
=	234.253

	Invested Capital		(A: Jul. 2022 )
=	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	))
=	256.465	-	15.03	-	( 59.296	-	max(0, 79.076	-	175.655	+	59.296	))
=	182.139

All Nation International Group's annualized Return on Capital (ROC %) for the quarter that ended in Oct. 2022 is calculated as:

	ROC % (Q: Oct. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2022 )	+	Invested Capital (Q: Oct. 2022 ))	/ count )
=	-16.072 * ( 1 - 14.69% )	/	( (182.139	+	0)	/ 1 )
=	-13.7110232	/	182.139
=	-7.53 %

where

	Invested Capital		(Q: Jul. 2022 )
=	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	))
=	256.465	-	15.03	-	( 59.296	-	max(0, 79.076	-	175.655	+	59.296	))
=	182.139

	Invested Capital		(Q: Oct. 2022 )
=	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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Oct. 2022) data.

All Nation International Group (HKSE:08170) 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, All Nation International Group's WACC % is 0.00%. All Nation International Group's ROC % is 0.00% (calculated using TTM income statement data). All Nation International Group 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.

All Nation International Group ROC % Related Terms

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All Nation International Group (HKSE:08170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » All Nation International Group Ltd (HKSE:08170) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

No. 6-8 Harbour Road, Unit 2918, 29th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.allnationinternational.com

All Nation International Group Ltd, formerly China All Nation International Holdings Group Ltd is principally engaged in the provision of civil engineering consulting, contracting, project management, and interior design and decoration services as well as office sub-leasing. The operating business of the company is Contracting; Interior design and decoration works and Property subleasing and management services. It generates maximum revenue from the Property sub-leasing and management service segment. Geographically, it derives a majority of its revenue from China.

Executives

Sonic Solutions Limited	2101 Beneficial owner
Su Hongtao	2201 Interest of corporation controlled by you
Lin Ye	2201 Interest of corporation controlled by you
Sonic Solutions Limited	2101 Beneficial owner
Xia Yuqing	2101 Beneficial owner
Jing Shiqi	2201 Interest of corporation controlled by you
Wealth Triumph Corporation	2101 Beneficial owner
Li Song	2101 Beneficial owner
Liu Guo Ping	2101 Beneficial owner

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