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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 %. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's annualized return on capital (ROC %) for the quarter that ended in Jun. 2023 was 4.86%.
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC (MIC:DIOD) 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, DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's WACC % is 0.00%. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's ROC % is 0.00% (calculated using TTM income statement data).
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC 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.
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC ROC % Related Terms
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC ROC % Historical 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.
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC ROC % Chart
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC Annual Data
Note:
The Operating Income data used here is two times the semi-annual (Jun. 2023) data.
The tax rate is limited to between 0% and 100%.
* 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.
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC (MIC:DIOD) has a ROC % of 4.86% as of Jun. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC and its competitors.
Is DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's ROC % too high?
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's current ROC % is 4.86%. The Drug Manufacturers industry median ROC % is 4.49. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's value of 4.86% is 8.4% above this industry median. Overall, DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's ROC % compare to ZTS?
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's ROC % of 4.86% can be compared against companies in the Drug Manufacturers industry. The industry median ROC % is 4.49. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's value of 4.86% is 8.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Drug Manufacturers company?
The median ROC % among Drug Manufacturers companies is 4.49, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's current ROC % of 4.86% is 8.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC and its competitors. For the Drug Manufacturers industry, the median ROC % is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's current ROC % is 4.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC stock overvalued right now?
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC (MIC:DIOD) has a current ROC % of 4.86%. The current ROC % is 4.86% and 8.4% above the Drug Manufacturers industry median of 4.49. DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC (MIC:DIOD), the current ROC % is 4.86% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC Business Description
DIOD Maker of Eco-Friendly Equipment and Nutrition PJSC is a health product manufacturing company. It develops and produces natural non-medicinal and medicinal products, curative active cosmetics, medical and environmental technology, and substances for the prevention and treatment of diseases. The company produces Biologically active additives, Pharmaceutical preparations, and Healing cosmetics. It markets the products under the Kapilar, Artro-Active, Iod-Active, Viardo Forte, and Selen-Aktiv brands.
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