TVCE (TVC Telecom) ROC %: -107.97% (As of Dec. 2003)

What is TVC Telecom ROC %?

TVC Telecom TVCE ROC % is -107.97% as of Dec. 2003.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. TVC Telecom's annualized return on capital (ROC %) for the quarter that ended in Dec. 2003 was -107.97%.

As of today (2026-06-24), TVC Telecom's WACC % is 0.00%. TVC Telecom's ROC % is 0.00% (calculated using TTM income statement data). TVC Telecom earns returns that do not match up to its cost of capital. It will destroy value as it grows.

TVC Telecom (OTCPK:TVCE) 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, TVC Telecom's WACC % is 0.00%. TVC Telecom's ROC % is 0.00% (calculated using TTM income statement data). TVC Telecom 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.

TVC Telecom ROC % Related Terms

TVC Telecom ROC % Historical Data

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The historical data trend for TVC Telecom'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.

TVC Telecom ROC % Chart

TVC Telecom Annual Data

Trend

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

ROC %

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-59.39

-32.55

-43.79

-58.13

-74.10

TVC Telecom Quarterly Data
	Dec96	Dec97	Dec98	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03
ROC %	Get a 7-Day Free Trial															-69.14	-91.94	-108.88	-104.74	-107.97

TVC Telecom ROC % Calculation

TVC Telecom's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2003 is calculated as:

	ROC % (A: Dec. 2003 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2002 )	+	Invested Capital (A: Dec. 2003 ))	/ count )
=	-1.419 * ( 1 - % )	/	( (3.171	+	0.659)	/ 2 )
=	-1.419	/	1.915
=	-74.10 %

where

	Invested Capital		(A: Dec. 2002 )
=	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	))
=	3.83	-	3.135	-	( 0.104	-	max(0, 4.126	-	1.65	+	0.104	))
=	3.171

	Invested Capital		(A: Dec. 2003 )
=	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	))
=	1.1	-	1.746	-	( 0.025	-	max(0, 1.938	-	0.633	+	0.025	))
=	0.659

TVC Telecom's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2003 is calculated as:

	ROC % (Q: Dec. 2003 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2003 )	+	Invested Capital (Q: Dec. 2003 ))	/ count )
=	-0.928 * ( 1 - 0% )	/	( (1.06	+	0.659)	/ 2 )
=	-0.928	/	0.8595
=	-107.97 %

where

	Invested Capital		(Q: Sep. 2003 )
=	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	))
=	1.569	-	1.858	-	( 0.064	-	max(0, 2.065	-	0.716	+	0.064	))
=	1.06

	Invested Capital		(Q: Dec. 2003 )
=	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	))
=	1.1	-	1.746	-	( 0.025	-	max(0, 1.938	-	0.633	+	0.025	))
=	0.659

Note: The Operating Income data used here is four times the quarterly (Dec. 2003) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -107.97% mean?

TVC Telecom (TVCE) has a ROC % of -107.97% as of Dec. 2003. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on TVC Telecom and its competitors.

Is TVC Telecom's ROC % too high?

TVC Telecom's current ROC % is -107.97%.

How does TVC Telecom's ROC % compare to DIRV and FULO?

TVC Telecom's ROC % of -107.97% can be compared against companies in the Telecommunication Services industry. The industry median ROC % is 4.54. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Telecommunication Services company?

The median ROC % among Telecommunication Services companies is 4.54, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on TVC Telecom and its competitors. For the Telecommunication Services industry, the median ROC % is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVC Telecom's current ROC % is -107.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TVC Telecom stock overvalued right now?

TVC Telecom (TVCE) has a current ROC % of -107.97%. The current ROC % is -107.97%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For TVC Telecom (TVCE), the current ROC % is -107.97% as of Dec. 2003. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TVC Telecom Business Description

Industry Communication Services Telecommunication Services

Comparable Companies DIRV FULO TOWTF INVT TWER DTGI MTSL WPCS KONE SLXXF TEUM VLTC CCOP GLOW CLRI TELLF OTEL SYTE FSNN VPLM

Address 3550 Biscayne Boulevard, Suite 704, Miami, FL, USA, 33137

Website http://www.techvalleyconsults.com

TVC Telecom Inc is a facilities-based telecommunications provider. The Company offers service to the business and consumer market segments with a particular focus on ethnic markets with a demand for international calling.