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Secure Waste Infrastructure (TSX:SES) ROC % : 10.97% (As of Dec. 2024)


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What is Secure Waste Infrastructure 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 %. Secure Waste Infrastructure's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was 10.97%.

As of today (2025-03-16), Secure Waste Infrastructure's WACC % is 7.32%. Secure Waste Infrastructure's ROC % is 11.47% (calculated using TTM income statement data). Secure Waste Infrastructure 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.


Secure Waste Infrastructure ROC % Historical Data

The historical data trend for Secure Waste Infrastructure'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.

Secure Waste Infrastructure ROC % Chart

Secure Waste Infrastructure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.13 -6.72 10.12 11.05 10.36

Secure Waste Infrastructure Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.06 9.87 9.57 25.45 10.97

Secure Waste Infrastructure ROC % Calculation

Secure Waste Infrastructure's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

ROC % (A: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2023 ) + Invested Capital (A: Dec. 2024 ))/ count )
=264 * ( 1 - 18.37% )/( (2455 + 1707)/ 2 )
=215.5032/2081
=10.36 %

where

Secure Waste Infrastructure's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=252 * ( 1 - 26.09% )/( (1688 + 1707)/ 2 )
=186.2532/1697.5
=10.97 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

* 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.


Secure Waste Infrastructure  (TSX:SES) 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, Secure Waste Infrastructure's WACC % is 7.32%. Secure Waste Infrastructure's ROC % is 11.47% (calculated using TTM income statement data). Secure Waste Infrastructure 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.


Secure Waste Infrastructure ROC % Related Terms

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Secure Waste Infrastructure Business Description

Traded in Other Exchanges
Address
2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2
Secure Waste Infrastructure Corp, formerly Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in three segments: Environmental Waste Management, Energy Infrastructure, and Oilfield Services. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. It generates the majority of its revenue from the Environmental Waste Management segment which includes a network of waste processing facilities, produced water pipelines, industrial landfills, and others. Energy Infrastructure includes a network of crude oil gathering pipelines, terminals, and storage facilities. Oilfield Services include drilling fluid management, and others.
Executives
James Darryl Anderson Senior Officer
James G. Coulter 10% Security Holder
David Bonderman 10% Security Holder
Jon Winkelried 10% Security Holder
Llc Tpg Gp A 10% Security Holder
Wendy Hanrahan Director
Rene Amirault 10% Security Holder, Director, Senior Officer
Allen Peter Gransch Senior Officer
Chad William Magus Senior Officer
Corey Ray Higham Senior Officer
Michael Wayne Callihoo Senior Officer
Rhonda Kimberly Rudnitski Senior Officer
Mark Bly Director
Gordon & Co. L.p. Angelo 10% Security Holder
Michael H. Dilger Director