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Angel Robotics Co (XKRX:455900) ROC % : -70.54% (As of Sep. 2024)


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What is Angel Robotics Co 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 %. Angel Robotics Co's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -70.54%.

As of today (2025-03-27), Angel Robotics Co's WACC % is 8.81%. Angel Robotics Co's ROC % is -59.31% (calculated using TTM income statement data). Angel Robotics Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Angel Robotics Co ROC % Historical Data

The historical data trend for Angel Robotics Co'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.

Angel Robotics Co ROC % Chart

Angel Robotics Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROC %
-195.79 -24.23 -18.42 -24.26

Angel Robotics Co Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC % Get a 7-Day Free Trial Premium Member Only -42.48 -41.31 -56.62 -68.08 -70.54

Angel Robotics Co ROC % Calculation

Angel Robotics Co'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 )
=-6496.615 * ( 1 - 0% )/( (38509.442 + 15049.882)/ 2 )
=-6496.615/26779.662
=-24.26 %

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))
=16455.477 - 192.758 - ( 10247.28 - max(0, 34708.667 - 12461.944+10247.28))
=38509.442

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))
=21318.166 - 98.612 - ( 14604.252 - max(0, 11018.323 - 17187.995+14604.252))
=15049.882

Angel Robotics Co's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-9553.076 * ( 1 - 0% )/( (13533.245 + 13552.157)/ 2 )
=-9553.076/13542.701
=-70.54 %

where

Invested Capital(Q: 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))
=48860.024 - 231.485 - ( 35095.294 - max(0, 1728.132 - 38851.317+35095.294))
=13533.245

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))
=46221.37 - 203.089 - ( 32466.124 - max(0, 1270.897 - 36140.872+32466.124))
=13552.157

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


Angel Robotics Co  (XKRX:455900) 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, Angel Robotics Co's WACC % is 8.81%. Angel Robotics Co's ROC % is -59.31% (calculated using TTM income statement data). Angel Robotics Co 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.


Angel Robotics Co ROC % Related Terms

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Angel Robotics Co Business Description

Traded in Other Exchanges
N/A
Address
37, Seongsui-ro 22-gil, Seongdong-gu, Rooms 1405-1407, 14th floor, Seoul, KOR
Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes.

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