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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. SeaStar Medical Holding's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -430.64%.
As of today (2024-12-14), SeaStar Medical Holding's WACC % is 10.42%. SeaStar Medical Holding's ROC % is -273.20% (calculated using TTM income statement data). SeaStar Medical Holding earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for SeaStar Medical Holding'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.
SeaStar Medical Holding Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
ROC % | -29,413.95 | -309.65 | -142.06 | -130.06 |
SeaStar Medical Holding Quarterly Data | |||||||||||||||
Dec20 | Mar21 | Jun21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROC % | Get a 7-Day Free Trial | -152.77 | -157.34 | -218.61 | -323.32 | -430.64 |
SeaStar Medical Holding'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 ) |
= | -14.21 * ( 1 - 0% ) | / | ( (13.495 | + | 8.356) | / 2 ) |
= | -14.21 | / | 10.9255 | |||
= | -130.06 % |
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 | )) |
= | 3.038 | - | 4.172 | - | ( 0.047 | - | max(0, 16.148 | - | 1.519 | + | 0.047 | )) |
= | 13.495 |
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 | )) |
= | 3.513 | - | 5.895 | - | ( 0.176 | - | max(0, 13.046 | - | 2.308 | + | 0.176 | )) |
= | 8.356 |
SeaStar Medical Holding'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 ) |
= | -17.824 * ( 1 - 0% ) | / | ( (5.464 | + | 2.814) | / 2 ) |
= | -17.824 | / | 4.139 | |||
= | -430.64 % |
where
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 | )) |
= | 3.467 | - | 5.519 | - | ( 1.179 | - | max(0, 9.93 | - | 2.414 | + | 1.179 | )) |
= | 5.464 |
Invested Capital | (Q: Sep. 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 | )) |
= | 4.586 | - | 4.794 | - | ( 2.082 | - | max(0, 6.638 | - | 3.616 | + | 2.082 | )) |
= | 2.814 |
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.
SeaStar Medical Holding (NAS:ICU) 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, SeaStar Medical Holding's WACC % is 10.42%. SeaStar Medical Holding's ROC % is -273.20% (calculated using TTM income statement data). SeaStar Medical Holding 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.
Thank you for viewing the detailed overview of SeaStar Medical Holding's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin Chung | officer: Chief Medical Officer | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Heel Kenneth Van | director | C/O PFENEX INC., 10790 ROSELLE STREET, SAN DIEGO CA 92121 |
Richard D. Russell | director | 3201 W BAY VISTA AVE, TAMPA FL 33611 |
Bruce M. Rodgers | director | 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602 |
Andres Lobo | director | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Caryl Baron | officer: See Remarks | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Eric Schlorff | director, officer: Chief Executive Officer | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Rick Barnett | director | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Allan Collins | director | C/O SEASTAR MEDICAL, INC., 3513 BRIGHTON BOULEVARD, SUITE 410, DENVER CO 80216 |
Dow Employees' Pension Plan Trust | 10 percent owner | 2211 H.H. DOW WAY, SSC BUILDING, MIDLAND MI 48674 |
Union Carbide Employees' Pension Plan Trust | 10 percent owner | 2211 H.H. DOW WAY, SSC BUILDING, MIDLAND MI 48674 |
Martin A Traber | director | 100 N TAMPA STREET, SUITE 2700, TAMPA FL 33602 |
Lm Funding America, Inc. | 10 percent owner | 1200 WEST PLATT STREET, SUITE 100, TAMPA FL 33606 |
Craig E Burson | director | 400 N. PARK AVENUE, UNIT 10B, BRECKENRIDGE CO 80424 |
Bruce H Bennett | director | 3929 ARLINGTON DRIVE, PALM HARBOR FL 34685 |
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