Icone - Fundo De Investimento Imobiliario Responsabilidade (BSP:ICNE11) ROIC %: -0.92% (As of Dec. 2025)


BSP:ICNE11 Icone - Fundo De Investimento Imobiliario Responsabilidade Ltd BSP:ICNE11
9 GF Score
Price R$700.00
! 2 Warning Signs
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What is Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC %?

Icone - Fundo De Investimento Imobiliario Responsabilidade BSP:ICNE11 9 ROIC % is -0.92% as of Dec. 2025. GuruFocus rates BSP:ICNE11 with a GF Score™ of 9/100. The stock has 2 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Icone - Fundo De Investimento Imobiliario Responsabilidade's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was -0.92%.

As of today (2026-07-01), Icone - Fundo De Investimento Imobiliario Responsabilidade's WACC % is 10.38%. Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % is -0.92% (calculated using TTM income statement data). Icone - Fundo De Investimento Imobiliario Responsabilidade earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Icone - Fundo De Investimento Imobiliario Responsabilidade  (BSP:ICNE11) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Icone - Fundo De Investimento Imobiliario Responsabilidade's WACC % is 10.38%. Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % is -0.92% (calculated using TTM income statement data). Icone - Fundo De Investimento Imobiliario Responsabilidade 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 %, ROIC % 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.

Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC % Related Terms

Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC % Historical Data

* Premium members only.

The historical data trend for Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % 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.

Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC % Chart

Icone - Fundo De Investimento Imobiliario Responsabilidade Annual Data
Trend Dec23 Dec24 Dec25
ROIC %
-0.07 -0.91 -0.92

Icone - Fundo De Investimento Imobiliario Responsabilidade Semi-Annual Data
Dec23 Dec24 Dec25
ROIC % -0.07 -0.91 -0.92

BSP:ICNE11 vs VICI, WPC: ROIC % Comparison

For the REIT - Diversified subindustry, Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC % vs REITs Industry

For the REITs industry and Real Estate sector, Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % distribution charts can be found below:

* The bar in red indicates where Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % falls into.


BSP:ICNE11
9GF Score
Icone - Fundo De Investimento Imobiliario Responsabilidade Ltd BSP:ICNE11
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Icone - Fundo De Investimento Imobiliario Responsabilidade ROIC % Calculation

Icone - Fundo De Investimento Imobiliario Responsabilidade's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=-0.935 * ( 1 - 0% )/( (100.942 + 101.829)/ 2 )
=-0.935/101.3855
=-0.92 %

where

Invested Capital(A: 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))
=101.204 - 0 - ( 0.37 - max(0, 0.108 - 0.37+0.37))
=100.942

Invested Capital(A: Dec. 2025 )
=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))
=101.957 - 6.301 - ( 0.233 - max(0, 6.406 - 0.233+0.233))
=101.829

Icone - Fundo De Investimento Imobiliario Responsabilidade's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2025 is calculated as:

ROIC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-0.935 * ( 1 - 0% )/( (100.942 + 101.829)/ 2 )
=-0.935/101.3855
=-0.92 %

where

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))
=101.204 - 0 - ( 0.37 - max(0, 0.108 - 0.37+0.37))
=100.942

Invested Capital(Q: Dec. 2025 )
=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))
=101.957 - 6.301 - ( 0.233 - max(0, 6.406 - 0.233+0.233))
=101.829

Note: The Operating Income data used here is one times the annual (Dec. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of -0.92% mean?
Icone - Fundo De Investimento Imobiliario Responsabilidade (BSP:ICNE11) has a ROIC % of -0.92% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Icone - Fundo De Investimento Imobiliario Responsabilidade and its competitors.
Is Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % too high?
Icone - Fundo De Investimento Imobiliario Responsabilidade's current ROIC % is -0.92%. Overall, Icone - Fundo De Investimento Imobiliario Responsabilidade has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % compare to VICI and WPC?
Icone - Fundo De Investimento Imobiliario Responsabilidade's ROIC % of -0.92% can be compared against companies in the REITs industry. The industry median ROIC % is 3.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a REITs company?
The median ROIC % among REITs companies is 3.74, based on 747 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Icone - Fundo De Investimento Imobiliario Responsabilidade and its competitors. For the REITs industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icone - Fundo De Investimento Imobiliario Responsabilidade's current ROIC % is -0.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icone - Fundo De Investimento Imobiliario Responsabilidade stock overvalued right now?
Icone - Fundo De Investimento Imobiliario Responsabilidade (BSP:ICNE11) has a current ROIC % of -0.92%. The current ROIC % is -0.92%. Icone - Fundo De Investimento Imobiliario Responsabilidade's overall GF Score™ is 9/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Icone - Fundo De Investimento Imobiliario Responsabilidade (BSP:ICNE11), the current ROIC % is -0.92% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Icone - Fundo De Investimento Imobiliario Responsabilidade Business Description

Industry Real EstateREITs
Address Avenida das americas, Block 07, room 201, Rio de Janeiro, RJ, BRA, 22640102
Icone - Fundo De Investimento Imobiliario Responsabilidade Ltd is a real estate investment fund constituted in the form of a condominium. Its assets are made up of a single class of Shares that are closed and restricted.
9GF Score

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