Voltamp EnergyOG (MUS:VOES) ROC % : 0.10% (As of Mar. 2018)

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What is Voltamp EnergyOG 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 %. Voltamp EnergyOG's annualized return on capital (ROC %) for the quarter that ended in Mar. 2018 was 0.10%.

As of today (2024-05-22), Voltamp EnergyOG's WACC % is 0.00%. Voltamp EnergyOG's ROC % is 0.00% (calculated using TTM income statement data). Voltamp EnergyOG earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Voltamp EnergyOG ROC % Historical Data

The historical data trend for Voltamp EnergyOG'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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Voltamp EnergyOG ROC % Chart

Voltamp EnergyOG Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROC %

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8.71

9.89

12.75

12.52

9.72

Voltamp EnergyOG Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROC %	Get a 7-Day Free Trial															10.65	12.12	19.20	12.30	0.10

Voltamp EnergyOG ROC % Calculation

Voltamp EnergyOG's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2017 is calculated as:

	ROC % (A: Dec. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2016 )	+	Invested Capital (A: Dec. 2017 ))	/ count )
=	3.717 * ( 1 - 9.59% )	/	( (33.751	+	35.41)	/ 2 )
=	3.3605397	/	34.5805
=	9.72 %

where

	Invested Capital		(A: Dec. 2016 )
=	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	))
=	38.896	-	4.467	-	( 0.678	-	max(0, 14.234	-	24.981	+	0.678	))
=	33.751

	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	))
=	43.871	-	7.903	-	( 0.558	-	max(0, 18.149	-	31.136	+	0.558	))
=	35.41

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

	ROC % (Q: Mar. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2017 )	+	Invested Capital (Q: Mar. 2018 ))	/ count )
=	0.028 * ( 1 - -26.45% )	/	( (35.41	+	32.432)	/ 2 )
=	0.035406	/	33.921
=	0.10 %

where

	Invested Capital		(Q: 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	))
=	43.871	-	7.903	-	( 0.558	-	max(0, 18.149	-	31.136	+	0.558	))
=	35.41

	Invested Capital		(Q: Mar. 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	))
=	41.756	-	8.582	-	( 0.742	-	max(0, 17.431	-	29.127	+	0.742	))
=	32.432

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

Voltamp EnergyOG (MUS:VOES) 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, Voltamp EnergyOG's WACC % is 0.00%. Voltamp EnergyOG's ROC % is 0.00% (calculated using TTM income statement data). Voltamp EnergyOG 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.

Voltamp EnergyOG ROC % Related Terms

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Voltamp EnergyOG (MUS:VOES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Voltamp Energy SAOG (MUS:VOES) » Definitions » ROC %

Traded in Other Exchanges

N/A

Address

Rusayl Industrial Estate, Road No. 7, P.O Box 75, Rusayl, OMN, 124

Website

http://www.voltampoman.com

Voltamp Energy SAOG together with its subsidiaries manufactures, distributes, and sells transformers, medium and low voltage switchgear, and packaged sub-stations. The firm also undertakes repairs and refurbishment of a complete range of transformers. Principally it operates in two units that is Transformers and Low-Voltage Switchgear and Panels. It offers power transformers; distribution transformers; special transformers; earthing transformers for the substations; The company also provides package substations comprising transformer ring main units and feeder pillars mounted on a common skid and complete enclosures; feeder pillars; distribution boards, such as MCC and PCC panels, and intelligent MCCs with motor control. The firm operates its activities in the Middle East and North Africa.

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