B- Scada (B- Scada) ROC % : 16.61% (As of Apr. 2017)

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What is B- Scada 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 %. B- Scada's annualized return on capital (ROC %) for the quarter that ended in Apr. 2017 was 16.61%.

As of today (2024-05-28), B- Scada's WACC % is 0.00%. B- Scada's ROC % is 0.00% (calculated using TTM income statement data). B- Scada earns returns that do not match up to its cost of capital. It will destroy value as it grows.

B- Scada ROC % Historical Data

The historical data trend for B- Scada'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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B- Scada ROC % Chart

B- Scada Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

ROC %

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94.33

191.11

84.98

-22.06

-15.44

B- Scada Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
ROC %	Get a 7-Day Free Trial															-6.10	-3.70	-40.95	-23.99	16.61

B- Scada ROC % Calculation

B- Scada's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2016 is calculated as:

	ROC % (A: Oct. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Oct. 2015 )	+	Invested Capital (A: Oct. 2016 ))	/ count )
=	-0.414 * ( 1 - 26.08% )	/	( (1.814	+	2.149)	/ 2 )
=	-0.3060288	/	1.9815
=	-15.44 %

where

	Invested Capital		(A: Oct. 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	))
=	2.784	-	0.209	-	( 0.841	-	max(0, 0.42	-	1.181	+	0.841	))
=	1.814

	Invested Capital		(A: Oct. 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	))
=	3.073	-	0.201	-	( 0.846	-	max(0, 0.341	-	1.064	+	0.846	))
=	2.149

B- Scada's annualized Return on Capital (ROC %) for the quarter that ended in Apr. 2017 is calculated as:

	ROC % (Q: Apr. 2017 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2017 )	+	Invested Capital (Q: Apr. 2017 ))	/ count )
=	0.324 * ( 1 - -18.75% )	/	( (2.052	+	2.58)	/ 2 )
=	0.38475	/	2.316
=	16.61 %

where

	Invested Capital		(Q: Jan. 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	))
=	2.727	-	0.069	-	( 0.671	-	max(0, 0.213	-	0.819	+	0.671	))
=	2.052

	Invested Capital		(Q: Apr. 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	))
=	3.245	-	0.063	-	( 0.666	-	max(0, 0.109	-	0.711	+	0.666	))
=	2.58

Note: The Operating Income data used here is four times the quarterly (Apr. 2017) data.

B- Scada (OTCPK:SCDA) 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, B- Scada's WACC % is 0.00%. B- Scada's ROC % is 0.00% (calculated using TTM income statement data). B- Scada 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.

B- Scada ROC % Related Terms

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B- Scada (B- Scada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » B- Scada Inc (OTCPK:SCDA) » Definitions » ROC %

Comparable Companies

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Address

547 West Fort Island Trail, Suite A, Crystal River, FL, USA, 34429

Website

http://www.scada.com

B- Scada Inc is engaged in the business of developing software and hardware products for the visualization and monitoring of data in residential and commercial settings and in heavy industries. The company's Human Machine Interface (HMI) software and Supervisory Control and Data Acquisition (SCADA) products are utilized in the petrochemical, electricity distribution, transportation, facilities management and manufacturing industries. The company also markets and sells a line of wireless sensors used for monitoring various information like temperature, pressure, voltage and water detection.

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