Independent Film Development (Independent Film Development) ROIC % : -92.55% (As of Jun. 2016)

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What is Independent Film Development 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 %. Independent Film Development's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2016 was -92.55%.

As of today (2024-06-23), Independent Film Development's WACC % is 0.00%. Independent Film Development's ROIC % is 0.00% (calculated using TTM income statement data). Independent Film Development earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Independent Film Development ROIC % Historical Data

The historical data trend for Independent Film Development'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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Independent Film Development ROIC % Chart

Independent Film Development Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

ROIC %

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-138.73

-45.99

-29.42

-51.03

-108.14

Independent Film Development Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
ROIC %	Get a 7-Day Free Trial															-81.77	66.95	-155.74	-139.04	-92.55

Competitive Comparison of Independent Film Development's ROIC %

For the Entertainment subindustry, Independent Film Development'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.

Independent Film Development's ROIC % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Independent Film Development's ROIC % distribution charts can be found below:

* The bar in red indicates where Independent Film Development's ROIC % falls into.

Independent Film Development ROIC % Calculation

Independent Film Development's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Sep. 2015 is calculated as:

	ROIC % (A: Sep. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Sep. 2014 )	+	Invested Capital (A: Sep. 2015 ))	/ count )
=	-0.372 * ( 1 - 0% )	/	( (0.374	+	0.314)	/ 2 )
=	-0.372	/	0.344
=	-108.14 %

where

	Invested Capital		(A: Sep. 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	))
=	0.115	-	1.128	-	( 0.014	-	max(0, 1.502	-	0.115	+	0.014	))
=	0.374

	Invested Capital		(A: Sep. 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	-	1.231	-	( 0	-	max(0, 1.545	-	0	+	0	))
=	0.314

Independent Film Development's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2016 is calculated as:

	ROIC % (Q: Jun. 2016 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2016 )	+	Invested Capital (Q: Jun. 2016 ))	/ count )
=	-0.888 * ( 1 - 0% )	/	( (0.858	+	1.061)	/ 2 )
=	-0.888	/	0.9595
=	-92.55 %

where

	Invested Capital		(Q: Mar. 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	))
=	0.137	-	1.222	-	( 0.01	-	max(0, 2.059	-	0.116	+	0.01	))
=	0.858

	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	))
=	0.05	-	1.374	-	( 0.025	-	max(0, 2.415	-	0.03	+	0.025	))
=	1.061

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

Independent Film Development (OTCPK:IFLM) 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, Independent Film Development's WACC % is 0.00%. Independent Film Development'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.

Independent Film Development ROIC % Related Terms

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Independent Film Development (Independent Film Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Independent Film Development Corp (OTCPK:IFLM) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2732 Morse Avenue, Suite 413, Irvine, CA, USA, 92614

Website

http://www.independentfilmdevelopment.com

Independent Film Development Corp has its business spread through three domains. It holds interests in C2C Restaurant Group, Inc. (C2C), a restaurant holding company. The company focuses on the development of content creation/distribution projects, both in the form of original theatrical material, as well as related and/or derivative programming related to the operations of C2C. The firm also intends to acquire real estate assets.

Executives

Rachel Boulds Cpa, Pllc

officer: CFO

6371 S. GLENOAKS STREET, MURRAY UT 84107

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