HADV (Health Advance) ROIC %: -9.80% (As of Sep. 2017)


What is Health Advance ROIC %?

Health Advance HADV ROIC % is -9.80% as of Sep. 2017.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Health Advance's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2017 was -9.80%.

As of today (2026-07-01), Health Advance's WACC % is 0.00%. Health Advance's ROIC % is 0.00% (calculated using TTM income statement data). Health Advance earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Health Advance  (OTCPK:HADV) 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, Health Advance's WACC % is 0.00%. Health Advance's ROIC % is 0.00% (calculated using TTM income statement data). Health Advance 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.

Health Advance ROIC % Related Terms

Health Advance ROIC % Historical Data

* Premium members only.

The historical data trend for Health Advance'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.

Health Advance ROIC % Chart

Health Advance Annual Data
Trend Jul11 Jul12 Jul13 Jul14 Jul15
ROIC %
-523.08 -838.46 -260.00 -153.19 -101.52

Health Advance Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Sep17
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 -20.41 -28.57 0.00 -2.42 -9.80

HADV vs MYDP, HEWA, RXMD: ROIC % Comparison

For the Pharmaceutical Retailers subindustry, Health Advance'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.

Health Advance ROIC % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Health Advance's ROIC % distribution charts can be found below:

* The bar in red indicates where Health Advance's ROIC % falls into.


Health Advance ROIC % Calculation

Health Advance's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jul. 2015 is calculated as:

ROIC % (A: Jul. 2015 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jul. 2014 ) + Invested Capital (A: Jul. 2015 ))/ count )
=-0.067 * ( 1 - 0% )/( (0.059 + 0.073)/ 2 )
=-0.067/0.066
=-101.52 %

where

Invested Capital(A: Jul. 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 - 0.046 - ( 0 - max(0, 0.105 - 0+0))
=0.059

Invested Capital(A: Jul. 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))
=0 - 0.057 - ( 0 - max(0, 0.13 - 0+0))
=0.073

Health Advance's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2017 is calculated as:

ROIC % (Q: Sep. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2017 ) + Invested Capital (Q: Sep. 2017 ))/ count )
=-0.296 * ( 1 - 0% )/( (2.977 + 3.064)/ 2 )
=-0.296/3.0205
=-9.80 %

where

Invested Capital(Q: Apr. 2017 )
=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))
=2.99 - 0.198 - ( 0 - max(0, 0.185 - 0+0))
=2.977

Invested Capital(Q: Sep. 2017 )
=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))
=2.965 - 0.184 - ( 0 - max(0, 0.283 - 0+0))
=3.064

Note: The Operating Income data used here is four times the quarterly (Sep. 2017) 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 -9.80% mean?
Health Advance (HADV) has a ROIC % of -9.80% as of Sep. 2017. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Health Advance and its competitors.
Is Health Advance's ROIC % too high?
Health Advance's current ROIC % is -9.80%.
How does Health Advance's ROIC % compare to MYDP and HEWA?
Health Advance's ROIC % of -9.80% can be compared against companies in the Healthcare Providers & Services industry. The industry median ROIC % is 3.08. 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 Healthcare Providers & Services company?
The median ROIC % among Healthcare Providers & Services companies is 3.08, based on 668 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 Health Advance and its competitors. For the Healthcare Providers & Services industry, the median ROIC % is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Health Advance's current ROIC % is -9.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Health Advance stock overvalued right now?
Health Advance (HADV) has a current ROIC % of -9.80%. The current ROIC % is -9.80%. 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 Health Advance (HADV), the current ROIC % is -9.80% as of Sep. 2017. 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.

Health Advance Business Description

Address 9131 Keele Street, Suite A4, Vaughan, ON, CAN, L4K 0G7
Health Advance Inc is engaged in the retail domain. The Company is focused on products that are oriented to health and wellness. The first example of this is a proprietary CBD-infused wine beverage. The company is in the analysis stage for Immune boosting nutraceuticals, and human wellness products.