Hi Ho Silver Resources (Hi Ho Silver Resources) ROIC % : -107.09% (As of Apr. 2021)

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What is Hi Ho Silver Resources 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 %. Hi Ho Silver Resources's annualized return on invested capital (ROIC %) for the quarter that ended in Apr. 2021 was -107.09%.

As of today (2024-06-02), Hi Ho Silver Resources's WACC % is 0.00%. Hi Ho Silver Resources's ROIC % is 0.00% (calculated using TTM income statement data). Hi Ho Silver Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Hi Ho Silver Resources ROIC % Historical Data

The historical data trend for Hi Ho Silver Resources'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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Hi Ho Silver Resources ROIC % Chart

Hi Ho Silver Resources Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

ROIC %

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-39.03

-70.11

-80.33

-92.14

-35.52

Hi Ho Silver Resources Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
ROIC %	Get a 7-Day Free Trial															-38.61	-6.06	-23.75	-38.36	-107.09

Competitive Comparison of Hi Ho Silver Resources's ROIC %

For the Other Industrial Metals & Mining subindustry, Hi Ho Silver Resources'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.

Hi Ho Silver Resources's ROIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hi Ho Silver Resources's ROIC % distribution charts can be found below:

* The bar in red indicates where Hi Ho Silver Resources's ROIC % falls into.

Hi Ho Silver Resources ROIC % Calculation

Hi Ho Silver Resources's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jul. 2020 is calculated as:

	ROIC % (A: Jul. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jul. 2019 )	+	Invested Capital (A: Jul. 2020 ))	/ count )
=	-0.354 * ( 1 - 0% )	/	( (0.911	+	1.082)	/ 2 )
=	-0.354	/	0.9965
=	-35.52 %

where

	Invested Capital		(A: Jul. 2019 )
=	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	))
=	0.707	-	0.516	-	( 0.002	-	max(0, 0.791	-	0.071	+	0.002	))
=	0.911

	Invested Capital		(A: Jul. 2020 )
=	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	))
=	0.65	-	0.407	-	( 0.01	-	max(0, 0.858	-	0.019	+	0.01	))
=	1.082

Hi Ho Silver Resources's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Apr. 2021 is calculated as:

	ROIC % (Q: Apr. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2021 )	+	Invested Capital (Q: Apr. 2021 ))	/ count )
=	-1.156 * ( 1 - 0% )	/	( (1.199	+	0.96)	/ 2 )
=	-1.156	/	1.0795
=	-107.09 %

where

	Invested Capital		(Q: Jan. 2021 )
=	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	))
=	0.724	-	0.52	-	( 0.039	-	max(0, 1.039	-	0.044	+	0.039	))
=	1.199

	Invested Capital		(Q: Apr. 2021 )
=	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	))
=	0.677	-	0.46	-	( 0.001	-	max(0, 0.753	-	0.01	+	0.001	))
=	0.96

Note: The Operating Income data used here is four times the quarterly (Apr. 2021) data.

Hi Ho Silver Resources (OTCPK:HHSRF) 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, Hi Ho Silver Resources's WACC % is 0.00%. Hi Ho Silver Resources'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.

Hi Ho Silver Resources ROIC % Related Terms

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Hi Ho Silver Resources (Hi Ho Silver Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi Ho Silver Resources Inc (OTCPK:HHSRF) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maple Ridge Square, P.O. Box 21199, Maple Ridge, BC, CAN, V2X 1P7

Website

http://www.hihoresources.com

Hi Ho Silver Resources Inc is a Canadian based exploration company. It is engaged in the acquisition and exploration of mineral properties in British Columbia, Newfoundland, Labrador, and California. The company holds an interest in Norbeau Gold Property, Fairview South Okanagan Property, and Illite Clay project.

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