PV Nano Cell (PV Nano Cell) ROC % : -37.47% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is PV Nano Cell 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 %. PV Nano Cell's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -37.47%.

As of today (2024-06-23), PV Nano Cell's WACC % is 148.64%. PV Nano Cell's ROC % is -37.47% (calculated using TTM income statement data). PV Nano Cell earns returns that do not match up to its cost of capital. It will destroy value as it grows.

PV Nano Cell ROC % Historical Data

The historical data trend for PV Nano Cell'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.

PV Nano Cell ROC % Chart

PV Nano Cell Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

Get a 7-Day Free Trial

-29.85

-14.90

-16.52

-39.87

-37.47

PV Nano Cell Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROC %	Get a 7-Day Free Trial						-29.85	-14.90	-16.52	-39.87	-37.47

PV Nano Cell ROC % Calculation

PV Nano Cell'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 )
=	-1.943 * ( 1 - 0% )	/	( (5.223	+	5.149)	/ 2 )
=	-1.943	/	5.186
=	-37.47 %

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	))
=	4.034	-	3.375	-	( 0.363	-	max(0, 5.311	-	0.747	+	0.363	))
=	5.223

	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	))
=	4.446	-	3.354	-	( 0.63	-	max(0, 5.141	-	1.084	+	0.63	))
=	5.149

PV Nano Cell's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-1.943 * ( 1 - 0% )	/	( (5.223	+	5.149)	/ 2 )
=	-1.943	/	5.186
=	-37.47 %

where

	Invested Capital		(Q: 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	))
=	4.034	-	3.375	-	( 0.363	-	max(0, 5.311	-	0.747	+	0.363	))
=	5.223

	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	))
=	4.446	-	3.354	-	( 0.63	-	max(0, 5.141	-	1.084	+	0.63	))
=	5.149

Note: The Operating Income data used here is one times the annual (Dec. 2023) data.

PV Nano Cell (OTCPK:PVNNF) 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, PV Nano Cell's WACC % is 148.64%. PV Nano Cell's ROC % is -37.47% (calculated using TTM income statement data). PV Nano Cell 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.

PV Nano Cell ROC % Related Terms

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

PV Nano Cell (PV Nano Cell) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PV Nano Cell Ltd (OTCPK:PVNNF) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hamasger Street, P.O. Box 236, Migdal HaEmek, ISR, 2310102

Website

https://www.pvnanocell.com

PV Nano Cell Ltd is a conductive ink manufacturing company. It is engaged in developing, manufacturing, marketing & commercializing conductive inks for digital inkjet conductive printing applications. It develops the Sicrys family of single crystal nano-metric conductive inks for photovoltaic and printed electronics applications, as well as silver-based Sicrys inks for use in a range of inkjet printing electronics applications, including printing of circuit boards, mobile phone antennas, 3D printed electronic devices, radio-frequency identification chips, sensors, touchscreens, and other digitally printed electronics. Geographically, it operates in Israel, Germany, France, Holland, Austria, U.S and other.

Executives

De La Vega Fernando

director, officer: CEO

BIALIK 7, ZICHRON YACOV L3 309035