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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 %. Innovative Food Holdings's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -2.71%.
As of today (2025-03-14), Innovative Food Holdings's WACC % is 8.61%. Innovative Food Holdings's ROC % is 4.30% (calculated using TTM income statement data). Innovative Food Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for Innovative Food Holdings'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.
Innovative Food Holdings Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROC % | Get a 7-Day Free Trial |
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-36.10 | -20.97 | -4.58 | 0.93 | 3.93 |
Innovative Food Holdings Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROC % | Get a 7-Day Free Trial |
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4.30 | -6.89 | 3.59 | 23.78 | -2.71 |
Innovative Food Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:
ROC % (A: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Dec. 2023 ) | + | Invested Capital (A: Dec. 2024 )) | / count ) |
= | 0.539 * ( 1 - 0% ) | / | ( (9.51 | + | 17.935) | / 2 ) |
= | 0.539 | / | 13.7225 | |||
= | 3.93 % |
where
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 | )) |
= | 21.323 | - | 6.813 | - | ( 5.327 | - | max(0, 8.641 | - | 13.641 | + | 5.327 | )) |
= | 9.51 |
Invested Capital | (A: Dec. 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 | )) |
= | 27.346 | - | 7.08 | - | ( 2.331 | - | max(0, 9.414 | - | 23.89 | + | 2.331 | )) |
= | 17.935 |
Innovative Food Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | -0.404 * ( 1 - 0% ) | / | ( (11.87 | + | 17.935) | / 2 ) |
= | -0.404 | / | 14.9025 | |||
= | -2.71 % |
where
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 | )) |
= | 21.207 | - | 4.516 | - | ( 4.821 | - | max(0, 6.426 | - | 19.382 | + | 4.821 | )) |
= | 11.87 |
Invested Capital | (Q: Dec. 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 | )) |
= | 27.346 | - | 7.08 | - | ( 2.331 | - | max(0, 9.414 | - | 23.89 | + | 2.331 | )) |
= | 17.935 |
Note: The Operating Income data used here is four times the quarterly (Dec. 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.
Innovative Food Holdings (OTCPK:IVFH) 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, Innovative Food Holdings's WACC % is 8.61%. Innovative Food Holdings's ROC % is 4.30% (calculated using TTM income statement data). Innovative Food Holdings 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 Innovative Food Holdings's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.
James C Pappas | 10 percent owner | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Denver Johnson Smith | director | 350 S RACE STREET, DENVER CO 80209 |
Jefferson Gramm | director | C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Samuel Klepfish | director, officer: CEO | 231 NORMAN AVENUE, BROOKLYN NY 11222 |
Brady Smallwood | director, officer: Chief Operating Officer | 4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712 |
Robert William Bennett | director, officer: Chief Executive Officer | 28411 RACETRACK RD, BONITA SPRINGS FL 34135 |
Hank Cohn | director | 14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977 |
Richard Tang | officer: Chief Financial Officer | C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135 |
David Polinsky | director | 90 BOOTH AVENUE, ENGLEWOOD NJ 07631 |
Jcp Investment Management, Llc | 10 percent owner | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Mark Schmulen | 10 percent owner, other: See Explanation of Responses | 11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046 |
Loukas D. Kozonis | 10 percent owner, other: See Explanation of Responses | 4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630 |
Jcp Investment Holdings, Llc | 10 percent owner | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Jcp Investment Partners, Lp | 10 percent owner | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
Jcp Investment Partnership, Lp | 10 percent owner | 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027 |
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