Yetiforce (WAR:YTF) ROC % : -289.46% (As of Dec. 2023)

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What is Yetiforce 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 %. Yetiforce's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -289.46%.

As of today (2024-05-20), Yetiforce's WACC % is 11.40%. Yetiforce's ROC % is -79.22% (calculated using TTM income statement data). Yetiforce earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Yetiforce ROC % Historical Data

The historical data trend for Yetiforce'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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Yetiforce ROC % Chart

Yetiforce Annual Data

Trend

Dec21

Dec22

Dec23

ROC %

2.40

-3.57

-72.67

Yetiforce Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROC %	Get a 7-Day Free Trial			-	-11.24	-34.84	-72.74	-289.46

Yetiforce ROC % Calculation

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

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-3.734 * ( 1 - 0% )	/	( (7.897	+	2.379)	/ 2 )
=	-3.734	/	5.138
=	-72.67 %

where

	Invested Capital		(A: Dec. 2022 )
=	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	))
=	11.119	-	0.38	-	( 2.842	-	max(0, 0.45	-	11.119	+	2.842	))
=	7.897

	Invested Capital		(A: Dec. 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	))
=	7.233	-	0.488	-	( 4.366	-	max(0, 0.509	-	7.166	+	4.366	))
=	2.379

Yetiforce's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-9.788 * ( 1 - 0% )	/	( (4.384	+	2.379)	/ 2 )
=	-9.788	/	3.3815
=	-289.46 %

where

	Invested Capital		(Q: Sep. 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	))
=	9.696	-	0.41	-	( 4.902	-	max(0, 0.41	-	9.696	+	4.902	))
=	4.384

	Invested Capital		(Q: Dec. 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	))
=	7.233	-	0.488	-	( 4.366	-	max(0, 0.509	-	7.166	+	4.366	))
=	2.379

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

Yetiforce (WAR:YTF) 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, Yetiforce's WACC % is 11.40%. Yetiforce's ROC % is -79.22% (calculated using TTM income statement data). Yetiforce 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.

Yetiforce ROC % Related Terms

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Yetiforce (WAR:YTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Yetiforce SA (WAR:YTF) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al. Jana Paw?a II 22, Warsaw, POL

Website

https://www.yetiforce.com

Yetiforce SA operates in the software industry. It provides integrated portals for clients and business partners that allow the exchange of data and information directly from a dedicated portal. It has also created a modern online store that stores all data at once in the central system.

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