KBNT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
KBNT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Kubient's annualized return on capital (ROC %) for the quarter that ended in Mar. 2023 was -5,633.99%.
As of today (2024-06-03), Kubient's WACC % is 0.00%. Kubient's ROC % is 0.00% (calculated using TTM income statement data). Kubient earns returns that do not match up to its cost of capital. It will destroy value as it grows.
The historical data trend for Kubient'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.
Kubient Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
ROC % | -1,598.73 | -171.10 | -178.97 | -337.43 | -493.10 |
Kubient Quarterly Data | ||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
ROC % | Get a 7-Day Free Trial | -431.36 | -581.72 | -1,098.28 | -1,569.40 | -5,633.99 |
Kubient's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:
ROC % (A: Dec. 2022 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (A: Dec. 2021 ) | + | Invested Capital (A: Dec. 2022 )) | / count ) |
= | -11.112 * ( 1 - 0% ) | / | ( (4.274 | + | 0.233) | / 2 ) |
= | -11.112 | / | 2.2535 | |||
= | -493.10 % |
where
Invested Capital | (A: Dec. 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 | )) |
= | 31.685 | - | 4.734 | - | ( 24.908 | - | max(0, 5.544 | - | 28.221 | + | 24.908 | )) |
= | 4.274 |
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 | )) |
= | 15.232 | - | 2.126 | - | ( 14.739 | - | max(0, 2.349 | - | 15.222 | + | 14.739 | )) |
= | 0.233 |
Kubient's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2023 is calculated as:
ROC % (Q: Mar. 2023 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2022 ) | + | Invested Capital (Q: Mar. 2023 )) | / count ) |
= | -9.944 * ( 1 - 0% ) | / | ( (0.233 | + | 0.12) | / 2 ) |
= | -9.944 | / | 0.1765 | |||
= | -5,633.99 % |
where
Invested Capital | (Q: 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 | )) |
= | 15.232 | - | 2.126 | - | ( 14.739 | - | max(0, 2.349 | - | 15.222 | + | 14.739 | )) |
= | 0.233 |
Invested Capital | (Q: Mar. 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 | )) |
= | 12.25 | - | 1.612 | - | ( 11.828 | - | max(0, 1.722 | - | 12.24 | + | 11.828 | )) |
= | 0.12 |
Note: The Operating Income data used here is four times the quarterly (Mar. 2023) 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.
Kubient (OTCPK:KBNT) 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, Kubient's WACC % is 0.00%. Kubient's ROC % is 0.00% (calculated using TTM income statement data). Kubient 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 Kubient's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Capital Spc Mithaq | 10 percent owner | C/O SYNERGY, ANAS IBN MALIK ROAD, AL MALQA, RIYADH T0 13521 |
Alrajhi Turki Saleh A. | other: DIRECTOR TO MITHAQ CAPITAL SPC | MITHAQ CAPITAL, C/O SYNERGY, ANAS IBN MALIK ROAD, AL MALQA, RIYADH T0 13521 |
Muhammad Asif Seemab | other: DIRECTOR TO MITHAQ CAPITAL SPC | MITHAQ CAPITAL, C/O SYNERGY, ANAS IBN MALIK ROAD, AL MALQA, RIYADH T0 13521 |
Mitchell Berg | officer: Chief Technology Officer | 3 PEGS LANE, COLD SPRING HARBOR NY 11724 |
Leon Zemel | officer: Chief Product Officer | 45 OXFORD ROAD, NEW ROCHELLE NY 10804 |
Joshua Adam Weiss | officer: Chief Financial Officer | 330 SEVENTH AVENUE, 10TH FLOOR, NEW YORK NY 10011 |
Grainne M Coen | director | 111 WEST 28TH STREET, NEW YORK NY 10001 |
Jonathan Bond | director | C/O SITO MOBILE, LTD., 100 TOWN SQUARE PLACE, SUITE 204, JERSEY CITY NJ 07310 |
Lawrence G Harris | director | 180 BAYVIEW AVENUE, NORTHPORT NY 11768 |
Christopher Francia | officer: Chief Product Officer | 49 HARDING AVE., VALHALLA NY 10595 |
Bordes Peter A Jr | director, officer: Chief Executive Officer | C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103 |
Christopher H Smith | director | C/O ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421 |
Paul Damian Roberts | director, officer: See Remarks | 111 WEST 28TH STREET, NEW YORK NY 10001 |
Pavel Medvedev | officer: Chief Technology Officer | 228 PARK AVENUE SOUTH, SUITE 72602, NEW YORK NY 10003 |
Christopher Andrews | officer: Chief Digital Officer | 228 PARK AVENUE SOUTH, SUITE 72602, NEW YORK NY 10003 |
From GuruFocus
By PRNewswire PRNewswire • 11-01-2021
By Business Wire Business Wire • 05-25-2023
By GuruFocusNews GuruFocusNews • 06-25-2022
By GuruFocusNews GuruFocusNews • 05-16-2022
By sperokesalga sperokesalga • 03-22-2023
By Value_Insider Value_Insider • 12-12-2022
By Marketwired • 08-28-2023
By GuruFocusNews GuruFocusNews • 03-25-2022
By ACCESSWIRE ACCESSWIRE • 09-01-2021
By PRNewswire PRNewswire • 11-30-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.