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eprint Group (HKSE:01884) ROIC % : -0.05% (As of Mar. 2024)


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What is eprint Group 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 %. eprint Group's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2024 was -0.05%.

As of today (2024-12-16), eprint Group's WACC % is 7.67%. eprint Group's ROIC % is -3.66% (calculated using TTM income statement data). eprint Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.


eprint Group ROIC % Historical Data

The historical data trend for eprint Group'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.

eprint Group ROIC % Chart

eprint Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 7.55 2.36 -1.98 -0.14

eprint Group Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 5.49 -10.14 -0.19 -0.05 -3.59

Competitive Comparison of eprint Group's ROIC %

For the Specialty Business Services subindustry, eprint Group'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.


eprint Group's ROIC % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, eprint Group's ROIC % distribution charts can be found below:

* The bar in red indicates where eprint Group's ROIC % falls into.



eprint Group ROIC % Calculation

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

ROIC % (A: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2023 ) + Invested Capital (A: Mar. 2024 ))/ count )
=-0.378 * ( 1 - -13.41% )/( (281.479 + 348.093)/ 2 )
=-0.4286898/314.786
=-0.14 %

where

Invested Capital(A: Mar. 2023 )
=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))
=372.608 - 12.434 - ( 144.067 - max(0, 87.932 - 166.627+144.067))
=281.479

Invested Capital(A: Mar. 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))
=378.654 - 11.296 - ( 109.029 - max(0, 106.109 - 125.374+109.029))
=348.093

eprint Group's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2024 is calculated as:

ROIC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-0.206 * ( 1 - 11.59% )/( (340.702 + 348.093)/ 2 )
=-0.1821246/344.3975
=-0.05 %

where

Invested Capital(Q: Sep. 2023 )
=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))
=391.979 - 15.626 - ( 131.882 - max(0, 115.803 - 151.454+131.882))
=340.702

Invested Capital(Q: Mar. 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))
=378.654 - 11.296 - ( 109.029 - max(0, 106.109 - 125.374+109.029))
=348.093

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) 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.


eprint Group  (HKSE:01884) 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, eprint Group's WACC % is 7.67%. eprint Group's ROIC % is -3.66% (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.


eprint Group ROIC % Related Terms

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eprint Group Business Description

Traded in Other Exchanges
N/A
Address
448-458 Kwun Tong Road, Flat A, 4th Floor, Phase 3, Kwun Tong Industrial Centre, Kowloon, Kwun Tong, Hong Kong, HKG
eprint Group Ltd is an investment holding company principally engaged in the provision of printing services to a diversified customer base in Hong Kong. The company is also engaged in the provision of solutions for advertisement, bound books and stationeries. It firm operates its business through two segments: Paper Printing, and Banner Printing segment. It generates the majority of its revenues from the Paper Printing segment.
Executives
Value Convergence Holdings Limited 2101 Beneficial owner
Lo Suet Yee 2202 Interest of your spouse
She Siu Kee William 2101 Beneficial owner
Chong Cheuk Ki 2202 Interest of your spouse
Yip Fei 2101 Beneficial owner

eprint Group Headlines

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