Jason Marine Group (SGX:5PF) ROC % : -1.63% (As of Sep. 2024)

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What is Jason Marine Group 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 %. Jason Marine Group's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -1.63%.

As of today (2024-12-11), Jason Marine Group's WACC % is 3.99%. Jason Marine Group's ROC % is 0.44% (calculated using TTM income statement data). Jason Marine Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Jason Marine Group ROC % Historical Data

The historical data trend for Jason Marine Group'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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Jason Marine Group ROC % Chart

Jason Marine Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROC %

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-3.36

6.08

3.88

2.35

-1.10

Jason Marine Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROC %	Get a 7-Day Free Trial															-0.32	4.81	-5.88	1.64	-1.63

Jason Marine Group ROC % Calculation

Jason Marine Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2024 is calculated as:

	ROC % (A: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2023 )	+	Invested Capital (A: Mar. 2024 ))	/ count )
=	-0.257 * ( 1 - 24.05% )	/	( (15.933	+	19.694)	/ 2 )
=	-0.1951915	/	17.8135
=	-1.10 %

where

	Invested Capital		(A: Mar. 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	))
=	33.17	-	2.702	-	( 14.535	-	max(0, 8.38	-	31.652	+	14.535	))
=	15.933

	Invested Capital		(A: Mar. 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	))
=	34.516	-	5.13	-	( 9.692	-	max(0, 11.072	-	32.411	+	9.692	))
=	19.694

Jason Marine Group's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-0.322 * ( 1 - 0.61% )	/	( (19.694	+	19.667)	/ 2 )
=	-0.3200358	/	19.6805
=	-1.63 %

where

	Invested Capital		(Q: Mar. 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	))
=	34.516	-	5.13	-	( 9.692	-	max(0, 11.072	-	32.411	+	9.692	))
=	19.694

	Invested Capital		(Q: Sep. 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	))
=	32.654	-	5.698	-	( 7.289	-	max(0, 10.492	-	30.472	+	7.289	))
=	19.667

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

Jason Marine Group (SGX:5PF) 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, Jason Marine Group's WACC % is 3.99%. Jason Marine Group's ROC % is 0.44% (calculated using TTM income statement data). Jason Marine Group 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.

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Jason Marine Group Business Description

Industry

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Address

194 Pandan Loop, Number 06-05 Pantech Business Hub, Singapore, SGP, 128383

Website

https://www.jason.com.sg

Jason Marine Group Ltd is a marine electronics system integrator and provides support services for the marine and offshore oil and gas industries. Its segments are as follows, sale of goods, which involves the design, supply, and sale of marine, communication, navigation, and automation equipment; and rendering of services, which is engaged in the provision of maintenance and support services; and Airtime Revenue, which is engaged in the provision of airtime for the satellite communication system. The company makes its majority revenue from the sale of goods segment and has operations spread across the world.

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