Speed Rabbit Pizza (XPAR:MLSRP) ROC % : -1.43% (As of Dec. 2021)

View and export this data going back to 2000. Start your Free Trial

What is Speed Rabbit Pizza 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 %. Speed Rabbit Pizza's annualized return on capital (ROC %) for the quarter that ended in Dec. 2021 was -1.43%.

As of today (2024-06-15), Speed Rabbit Pizza's WACC % is 0.00%. Speed Rabbit Pizza's ROC % is 0.00% (calculated using TTM income statement data). Speed Rabbit Pizza earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Speed Rabbit Pizza ROC % Historical Data

The historical data trend for Speed Rabbit Pizza'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.

Speed Rabbit Pizza ROC % Chart

Speed Rabbit Pizza Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

ROC %

16.44

41.88

49.84

57.08

-1.43

Speed Rabbit Pizza Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21
ROC %	16.44	41.88	49.84	57.08	-1.43

Speed Rabbit Pizza ROC % Calculation

Speed Rabbit Pizza's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2021 is calculated as:

	ROC % (A: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2020 )	+	Invested Capital (A: Dec. 2021 ))	/ count )
=	-0.192 * ( 1 - 0% )	/	( (10.76	+	16.12)	/ 2 )
=	-0.192	/	13.44
=	-1.43 %

where

	Invested Capital		(A: Dec. 2020 )
=	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	))
=	17.942	-	1.719	-	( 5.463	-	max(0, 2.306	-	17.705	+	5.463	))
=	10.76

	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	))
=	16.773	-	0.629	-	( 0.024	-	max(0, 0.859	-	16.534	+	0.024	))
=	16.12

Speed Rabbit Pizza's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2021 is calculated as:

	ROC % (Q: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2020 )	+	Invested Capital (Q: Dec. 2021 ))	/ count )
=	-0.192 * ( 1 - 0% )	/	( (10.76	+	16.12)	/ 2 )
=	-0.192	/	13.44
=	-1.43 %

where

	Invested Capital		(Q: Dec. 2020 )
=	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	))
=	17.942	-	1.719	-	( 5.463	-	max(0, 2.306	-	17.705	+	5.463	))
=	10.76

	Invested Capital		(Q: 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	))
=	16.773	-	0.629	-	( 0.024	-	max(0, 0.859	-	16.534	+	0.024	))
=	16.12

Note: The Operating Income data used here is one times the annual (Dec. 2021) data.

Speed Rabbit Pizza (XPAR:MLSRP) 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, Speed Rabbit Pizza's WACC % is 0.00%. Speed Rabbit Pizza's ROC % is 0.00% (calculated using TTM income statement data). Speed Rabbit Pizza 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.

Speed Rabbit Pizza ROC % Related Terms

Thank you for viewing the detailed overview of Speed Rabbit Pizza's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Speed Rabbit Pizza (XPAR:MLSRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Speed Rabbit Pizza SA (XPAR:MLSRP) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

72 rue Jules Guesde, Levallois-Perret, FRA, 92695

Website

http://www.speedrabbitpizza.com

Speed Rabbit Pizza SA is a pizza home delivery company. The Company is engaged in management, promotion, running and development of a network of franchises and also in running Company-owned stores belonging to the Company's subsidiaries. Its products include salads, pizzas, starters, desserts, drinks among others.

Speed Rabbit Pizza (XPAR:MLSRP) Headlines

No Headlines