Star Navigation Systems Group (XCNQ:SNA) ROC % : -389.03% (As of Dec. 2024)

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What is Star Navigation Systems Group 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 %. Star Navigation Systems Group's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -389.03%.

As of today (2025-04-04), Star Navigation Systems Group's WACC % is 4.82%. Star Navigation Systems Group's ROC % is -609.92% (calculated using TTM income statement data). Star Navigation Systems Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Star Navigation Systems Group ROC % Historical Data

The historical data trend for Star Navigation Systems Group'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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Star Navigation Systems Group ROC % Chart

Star Navigation Systems Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROC %

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-106.86

-115.53

-229.73

-427.46

-592.88

Star Navigation Systems Group 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															-310.66	-772.46	-973.59	-259.04	-389.03

Star Navigation Systems Group ROC % Calculation

Star Navigation Systems Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2024 is calculated as:

	ROC % (A: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2023 )	+	Invested Capital (A: Jun. 2024 ))	/ count )
=	-5.745 * ( 1 - 0% )	/	( (1.27	+	0.668)	/ 2 )
=	-5.745	/	0.969
=	-592.88 %

where

	Invested Capital		(A: 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	))
=	2.502	-	1.84	-	( 1.048	-	max(0, 2.314	-	1.706	+	1.048	))
=	1.27

	Invested Capital		(A: Jun. 2024 )
=	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	))
=	0.984	-	3.333	-	( 0.153	-	max(0, 3.476	-	0.459	+	0.153	))
=	0.668

Star Navigation Systems Group'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 )
=	-2.696 * ( 1 - 0% )	/	( (0.66	+	0.726)	/ 2 )
=	-2.696	/	0.693
=	-389.03 %

where

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	0.691	-	3.039	-	( 0.001	-	max(0, 3.203	-	0.195	+	0.001	))
=	0.66

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	0.676	-	3.648	-	( 0	-	max(0, 3.908	-	0.21	+	0	))
=	0.726

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

Star Navigation Systems Group (XCNQ:SNA) 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, Star Navigation Systems Group's WACC % is 4.82%. Star Navigation Systems Group's ROC % is -609.92% (calculated using TTM income statement data). Star Navigation Systems Group 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.

Star Navigation Systems Group ROC % Related Terms

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Star Navigation Systems Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Star Navigation Systems Group Ltd (XCNQ:SNA) » Definitions » ROC %

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SNAVF:USA S3O:Germany

Address

11 Kenview Boulevard, Brampton, ON, CAN, L6T 5G5

Website

https://www.star-navigation.com

Star Navigation Systems Group Ltd is focused on providing Aerospace Solutions. It is centred on devoting all its activity to the development, marketing and promotion of an in-flight Safety Monitoring System (STAR-ISMS), whereby data from an aircraft can be transmitted to ground stations for the duration of a flight. The services provided by the company include consultation, monitoring, maintenance, training and customer service. The group operates and generates revenue in Canada.

Executives

Darrin Thomas Milne	Director
Anoop Brar	Senior Officer
Gurdip Panaich	Director
Amir Bhatti	Senior Officer
Randolph Brian Koroll	Senior Officer
Jean-louis Larmor	Senior Officer
Karl Albert Reichert	Director