SANP (Santo Mining) ROC % : -20.70% (As of Dec. 2023)

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What is Santo Mining 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 %. Santo Mining's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -20.70%.

As of today (2024-09-26), Santo Mining's WACC % is 61.83%. Santo Mining's ROC % is -12.34% (calculated using TTM income statement data). Santo Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Santo Mining ROC % Historical Data

The historical data trend for Santo Mining'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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Santo Mining ROC % Chart

Santo Mining Annual Data

Trend

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Dec23

ROC %

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-469.66

-401.00

-136.87

-33.77

-24.56

Santo Mining Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Jul15	Mar23	Jun23	Sep23	Dec23
ROC %	Get a 7-Day Free Trial															-	-15.63	-10.01	-9.95	-20.70

Santo Mining ROC % Calculation

Santo Mining'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: Jul. 2015 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-0.56 * ( 1 - 0% )	/	( (0.32	+	4.24)	/ 2 )
=	-0.56	/	2.28
=	-24.56 %

where

	Invested Capital		(A: Jul. 2015 )
=	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	))
=	0	-	0.432	-	( 0	-	max(0, 0.752	-	0	+	0	))
=	0.32

	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	))
=	0.282	-	0.433	-	( 0	-	max(0, 4.391	-	0	+	0	))
=	4.24

Santo Mining'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: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.952 * ( 1 - 0% )	/	( (4.956	+	4.24)	/ 2 )
=	-0.952	/	4.598
=	-20.70 %

where

	Invested Capital		(Q: Sep. 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	))
=	0.338	-	0.537	-	( 0.044	-	max(0, 5.199	-	0.044	+	0.044	))
=	4.956

	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	))
=	0.282	-	0.433	-	( 0	-	max(0, 4.391	-	0	+	0	))
=	4.24

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

Santo Mining (OTCPK:SANP) 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, Santo Mining's WACC % is 61.83%. Santo Mining's ROC % is -12.34% (calculated using TTM income statement data). Santo Mining 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.

Santo Mining ROC % Related Terms

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Santo Mining Business Description

Industry

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Address

848 Biscayne Boulevard, PH5, Miami, FL, USA, 33133

Website

https://www.santoblockchain.com

Santo Mining Corp is a Wyoming corporation and its wholly owned subsidiaries is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end "BaaS" Blockchain-as-a-Service, similar to software-as-a-service, blockchain as a service lets businesses get applications up and running with minimal hassle.