Qualitau (XTAE:QLTU) ROC % : 54.13% (As of Jun. 2024)

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What is Qualitau 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 %. Qualitau's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 54.13%.

As of today (2024-12-14), Qualitau's WACC % is 0.00%. Qualitau's ROC % is 0.00% (calculated using TTM income statement data). Qualitau earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Qualitau ROC % Historical Data

The historical data trend for Qualitau'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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Qualitau ROC % Chart

Qualitau Annual Data

Trend

ROC %

Qualitau Semi-Annual Data
	Jun23	Jun24
ROC %	-	54.13

Qualitau ROC % Calculation

Qualitau's annualized Return on Capital (ROC %) for the fiscal year that ended in . 20 is calculated as:

	ROC % (A: . 20 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: . 20 )	+	Invested Capital (A: . 20 ))	/ count )
=	* ( 1 - % )	/	( (	+	)	/ )
=		/
=	%

where

Invested Capital

(A: . 20 )

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

))

(

max(0,

))

Invested Capital

(A: . 20 )

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

))

(

max(0,

))

Qualitau's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	53.744 * ( 1 - 21.55% )	/	( (0	+	77.886)	/ 1 )
=	42.162168	/	77.886
=	54.13 %

where

	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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	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	))
=	184.453	-	18.478	-	( 88.089	-	max(0, 20.605	-	156.477	+	88.089	))
=	77.886

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

Qualitau (XTAE:QLTU) 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, Qualitau's WACC % is 0.00%. Qualitau's ROC % is 0.00% (calculated using TTM income statement data). Qualitau 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.

Qualitau ROC % Related Terms

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Qualitau Business Description

Industry

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Address

Kiryat Weizmann, Golda Meir 7, Industrial Science Park, Nes-Zionna, ISR, 70400

Website

http://www.qualitau.com

Qualitau Ltd is a supplier of' reliability test equipment and services for the semiconductor industry. Its products and services include MIRA, Infinity, ACE, and Multi-Site Probe System as well as Test Lab Services & package and wafer level testing of a device under test. It develops and manufactures products to support the European and Far-Eastern markets.

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