WMCH Global Investment (HKSE:08208) ROC % : 0.00% (As of Jun. 2024)

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What is WMCH Global Investment 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 %. WMCH Global Investment's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 0.00%.

As of today (2025-04-04), WMCH Global Investment's WACC % is 4.83%. WMCH Global Investment's ROC % is -19.92% (calculated using TTM income statement data). WMCH Global Investment earns returns that do not match up to its cost of capital. It will destroy value as it grows.

WMCH Global Investment ROC % Historical Data

The historical data trend for WMCH Global Investment'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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WMCH Global Investment ROC % Chart

WMCH Global Investment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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-14.46

-62.74

-55.54

-49.86

-19.03

WMCH Global Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial															-124.85	-39.47	-1.86	79.65	-

WMCH Global Investment ROC % Calculation

WMCH Global Investment'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 )
=	-3.858 * ( 1 - 0% )	/	( (19.829	+	20.726)	/ 2 )
=	-3.858	/	20.2775
=	-19.03 %

where

	Invested Capital		(A: Dec. 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	))
=	35.978	-	3.674	-	( 12.475	-	max(0, 9.203	-	26.424	+	12.475	))
=	19.829

	Invested Capital		(A: Dec. 2023 )
=	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	))
=	34.538	-	3.623	-	( 10.189	-	max(0, 8.343	-	26.107	+	10.189	))
=	20.726

WMCH Global Investment's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (20.726	+	19.859)	/ 2 )
=	0	/	20.2925
=	0.00 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	34.538	-	3.623	-	( 10.189	-	max(0, 8.343	-	26.107	+	10.189	))
=	20.726

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	30.623	-	5.587	-	( 5.177	-	max(0, 10.059	-	21.939	+	5.177	))
=	19.859

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

WMCH Global Investment (HKSE:08208) 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, WMCH Global Investment's WACC % is 4.83%. WMCH Global Investment's ROC % is -19.92% (calculated using TTM income statement data). WMCH Global Investment 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.

WMCH Global Investment ROC % Related Terms

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WMCH Global Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WMCH Global Investment Ltd (HKSE:08208) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Sin Ming Lane, Number 04-137, Midview City, Singapore, SGP, 573972

Website

https://www.tw-asia.com

WMCH Global Investment Ltd is a civil and structural engineering consultant. It provides various services namely civil and structural engineering consultancy services on buildings utilizing the conventional construction method and civil and structural engineering consultancy services on buildings utilizing the PPVC method, and other services including master planning, structural due diligence, and visual inspection of existing buildings. Its segments include consultancy services fees and other service fees. Geographically the activities are carried out through Singapore and Vietnam.

Executives

Tan Seow Hong	2202 Interest of your spouse
Wong Seng	2501 Other
Wmch Global Holdings Limited

WMCH Global Investment Headlines

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