Fastned BV (XAMS:FAST) ROC % : -8.23% (As of Jun. 2023)

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What is Fastned BV 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 %. Fastned BV's annualized return on capital (ROC %) for the quarter that ended in Jun. 2023 was -8.23%.

As of today (2024-05-21), Fastned BV's WACC % is 5.94%. Fastned BV's ROC % is -9.19% (calculated using TTM income statement data). Fastned BV earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Fastned BV ROC % Historical Data

The historical data trend for Fastned BV'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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Fastned BV ROC % Chart

Fastned BV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC %

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-21.84

-28.41

-19.21

-26.10

-11.23

Fastned BV Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROC %	Get a 7-Day Free Trial							-46.04	-14.38	-14.01	-10.30	-8.23

Fastned BV ROC % Calculation

Fastned BV's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	-14.365 * ( 1 - 0% )	/	( (93.866	+	161.977)	/ 2 )
=	-14.365	/	127.9215
=	-11.23 %

where

	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	))
=	214.603	-	6.095	-	( 128.628	-	max(0, 18.518	-	133.16	+	128.628	))
=	93.866

	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	))
=	315.23	-	21.576	-	( 149.549	-	max(0, 31.725	-	163.402	+	149.549	))
=	161.977

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

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-14.824 * ( 1 - 0% )	/	( (161.977	+	198.324)	/ 2 )
=	-14.824	/	180.1505
=	-8.23 %

where

	Invested Capital		(Q: 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	))
=	315.23	-	21.576	-	( 149.549	-	max(0, 31.725	-	163.402	+	149.549	))
=	161.977

	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	))
=	325.957	-	12.568	-	( 132.577	-	max(0, 30.629	-	145.694	+	132.577	))
=	198.324

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

Fastned BV (XAMS:FAST) 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, Fastned BV's WACC % is 5.94%. Fastned BV's ROC % is -9.19% (calculated using TTM income statement data). Fastned BV 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.

Fastned BV ROC % Related Terms

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Fastned BV (XAMS:FAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fastned BV (XAMS:FAST) » Definitions » ROC %

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FSF:Germany

Address

James Wattstraat 77R, Amsterdam, NH, NLD, 1097 DL

Website

https://www.fastned.nl

Fastned BV is engaged in providing fast charging services for electric vehicles. The company's technology is available for all types of electric vehicles such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq. The company has operations in the Netherlands, Germany, the United Kingdom, France, Switzerland, and Belgium. The majority of its operations and charging stations are in the Netherlands.