Ichigo Green Infrastructure Investment (TSE:9282) ROC % : 6.13% (As of Jun. 2024)

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

What is Ichigo Green Infrastructure Investment 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 %. Ichigo Green Infrastructure Investment's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 6.13%.

As of today (2025-01-19), Ichigo Green Infrastructure Investment's WACC % is 2.01%. Ichigo Green Infrastructure Investment's ROC % is 3.06% (calculated using TTM income statement data). Ichigo Green Infrastructure Investment generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

Ichigo Green Infrastructure Investment ROC % Historical Data

The historical data trend for Ichigo Green Infrastructure Investment'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.

Ichigo Green Infrastructure Investment ROC % Chart

Ichigo Green Infrastructure Investment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

ROC %

2.34

0.89

0.77

3.52

3.81

Ichigo Green Infrastructure Investment Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
ROC %	Get a 7-Day Free Trial									2.21	6.15	2.45	5.97	6.13

Ichigo Green Infrastructure Investment ROC % Calculation

Ichigo Green Infrastructure Investment's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2021 is calculated as:

	ROC % (A: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2020 )	+	Invested Capital (A: Dec. 2021 ))	/ count )
=	361.353 * ( 1 - 0.83% )	/	( (9731.767	+	9085.255)	/ 2 )
=	358.3537701	/	9408.511
=	3.81 %

where

	Invested Capital		(A: Dec. 2020 )
=	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	))
=	10306.15	-	39.589	-	( 843.573	-	max(0, 476.056	-	1010.85	+	843.573	))
=	9731.767

	Invested Capital		(A: Dec. 2021 )
=	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	))
=	9653.478	-	35.927	-	( 855.295	-	max(0, 482.665	-	1014.961	+	855.295	))
=	9085.255

Ichigo Green Infrastructure Investment's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	466.516 * ( 1 - 0.79% )	/	( (0	+	7551.744)	/ 1 )
=	462.8305236	/	7551.744
=	6.13 %

where

	Invested Capital		(Q: Jun. 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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Jun. 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	))
=	8254.868	-	66.103	-	( 868.874	-	max(0, 520.992	-	1158.013	+	868.874	))
=	7551.744

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

Ichigo Green Infrastructure Investment (TSE:9282) 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, Ichigo Green Infrastructure Investment's WACC % is 2.01%. Ichigo Green Infrastructure Investment's ROC % is 3.06% (calculated using TTM income statement data). Ichigo Green Infrastructure Investment generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.

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.

Ichigo Green Infrastructure Investment ROC % Related Terms

Thank you for viewing the detailed overview of Ichigo Green Infrastructure Investment's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ichigo Green Infrastructure Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Green Infrastructure Investment Corp (TSE:9282) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marunouchi Park Building, 2-6-1 Marunouchi, 20th floor, Chiyoda-ku, Tokyo, JPN, 100-6920

Website

http://www.ichigo-green.co.jp

Ichigo Green Infrastructure Investment Corp is a solar power energy company. It invests in renewable energy power plants in Japan. It invests in photovoltaic power generation facilities with small- and medium-scale power generation amount and also invests in medium- and large-scale photovoltaic power generation facilities.

Ichigo Green Infrastructure Investment Headlines

No Headlines