International Care Co (MIL:ICC) ROC % : -14.16% (As of Jun. 2024)

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What is International Care Co 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 %. International Care Co's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was -14.16%.

As of today (2025-03-23), International Care Co's WACC % is 8.09%. International Care Co's ROC % is -10.77% (calculated using TTM income statement data). International Care Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

International Care Co ROC % Historical Data

The historical data trend for International Care Co'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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International Care Co ROC % Chart

International Care Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

-42.28

-15.61

-0.66

-12.84

-14.55

International Care Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial					-12.30	-12.53	-21.02	-7.22	-14.16

International Care Co ROC % Calculation

International Care Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-0.903 * ( 1 - 12.16% )	/	( (5.667	+	5.234)	/ 2 )
=	-0.7931952	/	5.4505
=	-14.55 %

where

	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	))
=	8.313	-	1.726	-	( 0.92	-	max(0, 2.337	-	4.517	+	0.92	))
=	5.667

	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	))
=	7.292	-	1.161	-	( 0.897	-	max(0, 1.675	-	3.766	+	0.897	))
=	5.234

International Care Co's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-0.878 * ( 1 - 13.94% )	/	( (5.234	+	5.435)	/ 2 )
=	-0.7556068	/	5.3345
=	-14.16 %

where

	Invested Capital		(Q: 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	))
=	7.292	-	1.161	-	( 0.897	-	max(0, 1.675	-	3.766	+	0.897	))
=	5.234

	Invested Capital		(Q: Jun. 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	))
=	7.676	-	1.482	-	( 0.759	-	max(0, 2.506	-	4.231	+	0.759	))
=	5.435

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

International Care Co (MIL:ICC) 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, International Care Co's WACC % is 8.09%. International Care Co's ROC % is -10.77% (calculated using TTM income statement data). International Care Co 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.

International Care Co ROC % Related Terms

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International Care Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Paracelso 24, Agrate Brianza, ITA, 20864

Website

https://www.internationalcarecompany.com

International Care Co is a service company that specializes in the development of healthcare and telecare services for improving the safety, quality of life, and independence of foreign nationals living in Italy. The various services offered by the company include medical assistance services, assistance with car-related problems, telemedicine and remote assistance services, call center management and sale of satellite systems, and management of various insurance claims on behalf of third parties. The company derives its maximum revenue by offering different assistance services. Geographically, a majority of its revenue is generated from Italy.

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