Maistro (LSE:MAIS) ROC % : -206.64% (As of Dec. 2018)

View and export this data going back to 2012. Start your Free Trial

What is Maistro 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 %. Maistro's annualized return on capital (ROC %) for the quarter that ended in Dec. 2018 was -206.64%.

As of today (2024-05-17), Maistro's WACC % is 0.00%. Maistro's ROC % is -278.99% (calculated using TTM income statement data). Maistro earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Maistro ROC % Historical Data

The historical data trend for Maistro'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.

* Premium members only.

Maistro ROC % Chart

Maistro Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROC %

Get a 7-Day Free Trial

-226.73

-262.84

-156.43

-120.72

-163.90

Maistro Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
ROC %	Get a 7-Day Free Trial										-143.51	-166.76	-94.05	-177.87	-206.64

Maistro ROC % Calculation

Maistro's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2018 is calculated as:

	ROC % (A: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2017 )	+	Invested Capital (A: Dec. 2018 ))	/ count )
=	-3.072 * ( 1 - 5.19% )	/	( (1.792	+	1.762)	/ 2 )
=	-2.9125632	/	1.777
=	-163.90 %

where

	Invested Capital		(A: Dec. 2017 )
=	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	))
=	4.387	-	0.526	-	( 2.454	-	max(0, 0.924	-	2.993	+	2.454	))
=	1.792

	Invested Capital		(A: Dec. 2018 )
=	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	))
=	3.161	-	0.6	-	( 1.091	-	max(0, 1.115	-	1.914	+	1.091	))
=	1.762

Maistro's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2018 is calculated as:

	ROC % (Q: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2018 )	+	Invested Capital (Q: Dec. 2018 ))	/ count )
=	-3.326 * ( 1 - 6.28% )	/	( (1.255	+	1.762)	/ 2 )
=	-3.1171272	/	1.5085
=	-206.64 %

where

	Invested Capital		(Q: Jun. 2018 )
=	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	))
=	2.978	-	0.776	-	( 1.085	-	max(0, 0.776	-	1.723	+	1.085	))
=	1.255

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	3.161	-	0.6	-	( 1.091	-	max(0, 1.115	-	1.914	+	1.091	))
=	1.762

Note: The Operating Income data used here is two times the semi-annual (Dec. 2018) data.

Maistro (LSE:MAIS) 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, Maistro's WACC % is 0.00%. Maistro's ROC % is -278.99% (calculated using TTM income statement data). Maistro 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.

Maistro ROC % Related Terms

Thank you for viewing the detailed overview of Maistro's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Maistro (LSE:MAIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maistro PLC (LSE:MAIS) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Babbage Way, 1A, Grow On Building, Science Park, Clyst Honiton, Exeter, Devon, GBR, EX5 2FN

Website

https://www.maistro.com

Maistro PLC operates an enterprise services platform that helps organizations eliminated the waste and inefficiency inherent in traditional purchasing of business services. It provides cloud-based software and managed services to create an end to end solution that includes sourcing, supplier short listing, contract and project management through to payment processing and reporting. The firm has the provision of services segment. It derives revenue from Buyer plans, Buyer premium services, Buyer market intelligence tools, Service provider subscriptions and Project revenue. The company operates mainly in UK and US.

Maistro (LSE:MAIS) Headlines

No Headlines