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ELXPF (Elixir Energy) ROIC % : -11.03% (As of Dec. 2023)


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What is Elixir Energy ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Elixir Energy's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -11.03%.

As of today (2024-12-15), Elixir Energy's WACC % is 11.44%. Elixir Energy's ROIC % is -8.14% (calculated using TTM income statement data). Elixir Energy earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Elixir Energy ROIC % Historical Data

The historical data trend for Elixir Energy'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.

* Premium members only.

Elixir Energy ROIC % Chart

Elixir Energy Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -29.52 -15.00 -14.47 -11.97 -8.25

Elixir Energy Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.00 -10.26 -12.20 -11.03 -5.19

Competitive Comparison of Elixir Energy's ROIC %

For the Oil & Gas E&P subindustry, Elixir Energy'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.


Elixir Energy's ROIC % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Elixir Energy's ROIC % distribution charts can be found below:

* The bar in red indicates where Elixir Energy's ROIC % falls into.



Elixir Energy ROIC % Calculation

Elixir Energy's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jun. 2024 is calculated as:

ROIC % (A: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2023 ) + Invested Capital (A: Jun. 2024 ))/ count )
=-2.224 * ( 1 - -6.22% )/( (22.44 + 34.812)/ 2 )
=-2.3623328/28.626
=-8.25 %

where

Elixir Energy's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

ROIC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-2.912 * ( 1 - 0% )/( (22.44 + 30.35)/ 2 )
=-2.912/26.395
=-11.03 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) 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.


Elixir Energy  (OTCPK:ELXPF) 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, Elixir Energy's WACC % is 11.44%. Elixir Energy's ROIC % is -8.14% (calculated using TTM income statement data).


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.


Elixir Energy ROIC % Related Terms

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Elixir Energy Business Description

Traded in Other Exchanges
Address
60 Hindmarsh Square, 3B, Level 3, Adelaide, SA, AUS, 5000
Elixir Energy Ltd is an exploration and development company. It is focused on exploring coal bed methane in Mongolia. The company reports in five segments based on its geographical location: Oil and Gas exploration in Australia, Mongolia, and the United States of America, and clean energy Mongolia, and Solar project in Mongolia. The company's exploration project includes Mongolia Nomgon IX CSG PSC.

Elixir Energy Headlines