Fantasy Aces Daily Fantasy Sports (Fantasy Aces Daily Fantasy Sports) ROIC % : -38.65% (As of Sep. 2016)

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What is Fantasy Aces Daily Fantasy Sports 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 %. Fantasy Aces Daily Fantasy Sports's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2016 was -38.65%.

As of today (2024-05-29), Fantasy Aces Daily Fantasy Sports's WACC % is 0.00%. Fantasy Aces Daily Fantasy Sports's ROIC % is 0.00% (calculated using TTM income statement data). Fantasy Aces Daily Fantasy Sports earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Fantasy Aces Daily Fantasy Sports ROIC % Historical Data

The historical data trend for Fantasy Aces Daily Fantasy Sports'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.

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Fantasy Aces Daily Fantasy Sports ROIC % Chart

Fantasy Aces Daily Fantasy Sports Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

ROIC %

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-10.28

-7.89

-21,480.00

-98.03

-170.94

Fantasy Aces Daily Fantasy Sports Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
ROIC %	Get a 7-Day Free Trial															-251.36	-156.51	-67.35	-95.15	-38.65

Competitive Comparison of Fantasy Aces Daily Fantasy Sports's ROIC %

For the Electronic Gaming & Multimedia subindustry, Fantasy Aces Daily Fantasy Sports'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.

Fantasy Aces Daily Fantasy Sports's ROIC % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fantasy Aces Daily Fantasy Sports's ROIC % distribution charts can be found below:

* The bar in red indicates where Fantasy Aces Daily Fantasy Sports's ROIC % falls into.

Fantasy Aces Daily Fantasy Sports ROIC % Calculation

Fantasy Aces Daily Fantasy Sports's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2015 is calculated as:

	ROIC % (A: Dec. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2014 )	+	Invested Capital (A: Dec. 2015 ))	/ count )
=	-2.765 * ( 1 - 0% )	/	( (0.558	+	2.677)	/ 2 )
=	-2.765	/	1.6175
=	-170.94 %

where

	Invested Capital		(A: Dec. 2014 )
=	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	))
=	0.217	-	0.166	-	( 0.05	-	max(0, 0.671	-	0.164	+	0.05	))
=	0.558

	Invested Capital		(A: Dec. 2015 )
=	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	))
=	1.951	-	1.252	-	( 0.031	-	max(0, 2.095	-	0.117	+	0.031	))
=	2.677

Fantasy Aces Daily Fantasy Sports's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2016 is calculated as:

	ROIC % (Q: Sep. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2016 )	+	Invested Capital (Q: Sep. 2016 ))	/ count )
=	-1.232 * ( 1 - 0% )	/	( (2.917	+	3.458)	/ 2 )
=	-1.232	/	3.1875
=	-38.65 %

where

	Invested Capital		(Q: Jun. 2016 )
=	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	))
=	2.248	-	0.556	-	( 0.092	-	max(0, 1.532	-	0.307	+	0.092	))
=	2.917

	Invested Capital		(Q: Sep. 2016 )
=	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	))
=	2.366	-	0.607	-	( 0.339	-	max(0, 2.171	-	0.472	+	0.339	))
=	3.458

Note: The Operating Income data used here is four times the quarterly (Sep. 2016) data.

Fantasy Aces Daily Fantasy Sports (OTCPK:FASDF) 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, Fantasy Aces Daily Fantasy Sports's WACC % is 0.00%. Fantasy Aces Daily Fantasy Sports's ROIC % is 0.00% (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.

Fantasy Aces Daily Fantasy Sports ROIC % Related Terms

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Fantasy Aces Daily Fantasy Sports (Fantasy Aces Daily Fantasy Sports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Fantasy Aces Daily Fantasy Sports Corp (OTCPK:FASDF) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Vantis, Suite 300, Aliso Viejo, CA, USA, 92656

Website

https://www.fantasyaces.com

Fantasy Aces Daily Fantasy Sports Corp is engaged in the daily fantasy sports games. It offers players the ability to play fantasy sports in a variety of sports including NFL, NBA, NHL and PGA. The company operates in the United States.

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