Image Protect (Image Protect) ROC % : 0.32% (As of Sep. 2023)

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What is Image Protect 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 %. Image Protect's annualized return on capital (ROC %) for the quarter that ended in Sep. 2023 was 0.32%.

As of today (2024-05-22), Image Protect's WACC % is 0.89%. Image Protect's ROC % is 0.08% (calculated using TTM income statement data). Image Protect earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Image Protect ROC % Historical Data

The historical data trend for Image Protect'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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Image Protect ROC % Chart

Image Protect Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec15

Dec16

ROC %

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-46.83

-78.91

8.94

-43.74

-109.21

Image Protect Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Sep22	Sep23
ROC %	Get a 7-Day Free Trial															-56.93	-194.29	-187.95	-0.53	0.32

Image Protect ROC % Calculation

Image Protect's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2016 is calculated as:

	ROC % (A: Dec. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2015 )	+	Invested Capital (A: Dec. 2016 ))	/ count )
=	-0.723 * ( 1 - 0% )	/	( (0.581	+	0.743)	/ 2 )
=	-0.723	/	0.662
=	-109.21 %

where

	Invested Capital		(A: Dec. 2015 )
=	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	))
=	0.099	-	0.398	-	( 0.001	-	max(0, 0.964	-	0.084	+	0.001	))
=	0.581

	Invested Capital		(A: Dec. 2016 )
=	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	))
=	0.262	-	1.093	-	( 0	-	max(0, 1.83	-	0.256	+	0	))
=	0.743

Image Protect's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	0.004 * ( 1 - 0% )	/	( (0	+	1.267)	/ 1 )
=	0.004	/	1.267
=	0.32 %

where

	Invested Capital		(Q: Sep. 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

	Invested Capital		(Q: Sep. 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	))
=	0.644	-	0.218	-	( 0.001	-	max(0, 0.843	-	0.002	+	0.001	))
=	1.267

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

Image Protect (OTCPK:IMTL) 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, Image Protect's WACC % is 0.89%. Image Protect's ROC % is 0.08% (calculated using TTM income statement data). Image Protect 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.

Image Protect ROC % Related Terms

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Image Protect (Image Protect) Business Description

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Address

30 Wall Street, 8 Floor, New York, NY, USA, 10005

Website

https://www.imageprotect.com

Image Protect Inc is a media company focusing on microcap news, information and disclosure, crypto, blockchain, and streaming digital assets. Its digital asset library and proprietary technology via its subsidiary Fotofy. are conducive to the foundation of an impactful NFT marketplace.