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Voyageur Pharmaceuticals (TSXV:VM) ROC % : -65.96% (As of Aug. 2024)


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What is Voyageur Pharmaceuticals 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 %. Voyageur Pharmaceuticals's annualized return on capital (ROC %) for the quarter that ended in Aug. 2024 was -65.96%.

As of today (2025-03-20), Voyageur Pharmaceuticals's WACC % is 4.72%. Voyageur Pharmaceuticals's ROC % is -69.63% (calculated using TTM income statement data). Voyageur Pharmaceuticals earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Voyageur Pharmaceuticals ROC % Historical Data

The historical data trend for Voyageur Pharmaceuticals'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.

Voyageur Pharmaceuticals ROC % Chart

Voyageur Pharmaceuticals Annual Data
Trend Dec14 Dec15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -46.82 -70.19 -129.25 -96.42 -67.08

Voyageur Pharmaceuticals Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 -25.55 -44.11 -62.85 -105.47 -65.96

Voyageur Pharmaceuticals ROC % Calculation

Voyageur Pharmaceuticals's annualized Return on Capital (ROC %) for the fiscal year that ended in Nov. 2023 is calculated as:

ROC % (A: Nov. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Nov. 2022 ) + Invested Capital (A: Nov. 2023 ))/ count )
=-1.346 * ( 1 - 0% )/( (1.938 + 2.075)/ 2 )
=-1.346/2.0065
=-67.08 %

where

Voyageur Pharmaceuticals's annualized Return on Capital (ROC %) for the quarter that ended in Aug. 2024 is calculated as:

ROC % (Q: Aug. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2024 ) + Invested Capital (Q: Aug. 2024 ))/ count )
=-1.436 * ( 1 - 0% )/( (2.15 + 2.204)/ 2 )
=-1.436/2.177
=-65.96 %

where

Note: The Operating Income data used here is four times the quarterly (Aug. 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.


Voyageur Pharmaceuticals  (TSXV:VM) 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, Voyageur Pharmaceuticals's WACC % is 4.72%. Voyageur Pharmaceuticals's ROC % is -69.63% (calculated using TTM income statement data). Voyageur Pharmaceuticals 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.


Voyageur Pharmaceuticals ROC % Related Terms

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Voyageur Pharmaceuticals Business Description

Traded in Other Exchanges
Address
4103B Center Street NW, Suite 800, Calgary, AB, CAN, T2E 2Y6
Voyageur Pharmaceuticals Ltd is engaged in acquiring, exploring and developing raw materials for pharmaceutical products.
Executives
Bradley Craig Willis Director, Senior Officer
Trent Abraham Director
Charles Littlejohn 10% Security Holder

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