CNIM Group (LTS:0E0C) ROC % : -21.30% (As of Jun. 2021)

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What is CNIM Group 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 %. CNIM Group's annualized return on capital (ROC %) for the quarter that ended in Jun. 2021 was -21.30%.

As of today (2024-06-20), CNIM Group's WACC % is 0.00%. CNIM Group's ROC % is 0.00% (calculated using TTM income statement data). CNIM Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

CNIM Group ROC % Historical Data

The historical data trend for CNIM Group'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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CNIM Group ROC % Chart

CNIM Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROC %

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3.20

3.24

-3.95

-38.54

-19.36

CNIM Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROC %	Get a 7-Day Free Trial															-42.23	-38.68	-16.90	-23.23	-21.30

CNIM Group ROC % Calculation

CNIM Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2020 is calculated as:

	ROC % (A: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2019 )	+	Invested Capital (A: Dec. 2020 ))	/ count )
=	-113.629 * ( 1 - -4.15% )	/	( (661.129	+	561.134)	/ 2 )
=	-118.3446035	/	611.1315
=	-19.36 %

where

	Invested Capital		(A: Dec. 2019 )
=	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	))
=	756.438	-	252.454	-	( 100.546	-	max(0, 692.751	-	535.606	+	100.546	))
=	661.129

	Invested Capital		(A: Dec. 2020 )
=	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	))
=	739.334	-	240.832	-	( 143.101	-	max(0, 629.258	-	566.626	+	143.101	))
=	561.134

CNIM Group's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2021 is calculated as:

	ROC % (Q: Jun. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Jun. 2021 ))	/ count )
=	-132.974 * ( 1 - -2.99% )	/	( (561.134	+	725.039)	/ 2 )
=	-136.9499226	/	643.0865
=	-21.30 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	739.334	-	240.832	-	( 143.101	-	max(0, 629.258	-	566.626	+	143.101	))
=	561.134

	Invested Capital		(Q: Jun. 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	))
=	654.449	-	210.354	-	( 47.749	-	max(0, 759.351	-	478.407	+	47.749	))
=	725.039

Note: The Operating Income data used here is two times the semi-annual (Jun. 2021) data.

CNIM Group (LTS:0E0C) 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, CNIM Group's WACC % is 0.00%. CNIM Group's ROC % is 0.00% (calculated using TTM income statement data). CNIM Group 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.

CNIM Group ROC % Related Terms

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CNIM Group (LTS:0E0C) Business Description

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Address

35 rue de Bassano, Paris, FRA, 75008

Website

http://www.cnim.com

CNIM Group is a company that provides industrial solutions. It operates through two reportable segments which include Environment and Energy and Innovation and Systems. The business of the group primarily functions in France, the United Kingdom, Asia, Rest of Europe and it derives the majority of its revenue through the Environment segment which consists of the construction of waste-to-energy and biomass-to-energy centers, flue gas, and bottom ash treatment systems and Construction of concentrated solar power plants.

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