Haldane Mccall (NSA:HMCALL) ROIC %: 7.04% (As of Dec. 2013)


What is Haldane Mccall ROIC %?

Haldane Mccall NSA:HMCALL ROIC % is 7.04% as of Dec. 2013.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Haldane Mccall's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2013 was 7.04%.

As of today (2026-07-03), Haldane Mccall's WACC % is 0.00%. Haldane Mccall's ROIC % is 0.00% (calculated using TTM income statement data). Haldane Mccall earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Haldane Mccall  (NSA:HMCALL) 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, Haldane Mccall's WACC % is 0.00%. Haldane Mccall's ROIC % is 0.00% (calculated using TTM income statement data). Haldane Mccall 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.

Haldane Mccall ROIC % Related Terms

Haldane Mccall ROIC % Historical Data

* Premium members only.

The historical data trend for Haldane Mccall'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.

Haldane Mccall ROIC % Chart

Haldane Mccall Annual Data
Trend Dec11 Dec12 Dec13
ROIC %
6.45 6.33 7.04

Haldane Mccall Semi-Annual Data
Dec11 Dec12 Dec13
ROIC % 6.45 6.33 7.04

NSA:HMCALL vs : ROIC % Comparison

For the Real Estate Services subindustry, Haldane Mccall'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.

Haldane Mccall ROIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Haldane Mccall's ROIC % distribution charts can be found below:

* The bar in red indicates where Haldane Mccall's ROIC % falls into.


Haldane Mccall ROIC % Calculation

Haldane Mccall's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2013 is calculated as:

ROIC % (A: Dec. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2012 ) + Invested Capital (A: Dec. 2013 ))/ count )
=20041.617 * ( 1 - 20.01% )/( (219696.707 + 235751.515)/ 2 )
=16031.2894383/227724.111
=7.04 %

where

Invested Capital(A: Dec. 2012 )
=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))
=220461.975 - 2011.973 - ( 5222.149 - max(0, 12704.174 - 11457.469+5222.149))
=219696.707

Invested Capital(A: Dec. 2013 )
=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))
=233130.054 - 5104.162 - ( 2838.979 - max(0, 13984.878 - 6259.255+2838.979))
=235751.515

Haldane Mccall's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2013 is calculated as:

ROIC % (Q: Dec. 2013 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2012 ) + Invested Capital (Q: Dec. 2013 ))/ count )
=20041.617 * ( 1 - 20.01% )/( (219696.707 + 235751.515)/ 2 )
=16031.2894383/227724.111
=7.04 %

where

Invested Capital(Q: Dec. 2012 )
=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))
=220461.975 - 2011.973 - ( 5222.149 - max(0, 12704.174 - 11457.469+5222.149))
=219696.707

Invested Capital(Q: Dec. 2013 )
=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))
=233130.054 - 5104.162 - ( 2838.979 - max(0, 13984.878 - 6259.255+2838.979))
=235751.515

Note: The Operating Income data used here is one times the annual (Dec. 2013) 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 7.04% mean?
Haldane Mccall (NSA:HMCALL) has a ROIC % of 7.04% as of Dec. 2013. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Haldane Mccall and its competitors.
Is Haldane Mccall's ROIC % too high?
Haldane Mccall's current ROIC % is 7.04%. The Real Estate industry median ROIC % is 2.19. Haldane Mccall's value of 7.04% is 221.5% above this industry median.
How does Haldane Mccall's ROIC % compare to ?
Haldane Mccall's ROIC % of 7.04% can be compared against companies in the Real Estate industry. The industry median ROIC % is 2.19. Haldane Mccall's value of 7.04% is 221.5% above this benchmark. 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 Real Estate company?
The median ROIC % among Real Estate companies is 2.19, based on 1,755 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. Haldane Mccall's current ROIC % of 7.04% is 221.5% above the industry median. 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 Haldane Mccall and its competitors. For the Real Estate industry, the median ROIC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haldane Mccall's current ROIC % is 7.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haldane Mccall stock overvalued right now?
Haldane Mccall (NSA:HMCALL) has a current ROIC % of 7.04%. The current ROIC % is 7.04% and 221.5% above the Real Estate industry median of 2.19. 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 Haldane Mccall (NSA:HMCALL), the current ROIC % is 7.04% as of Dec. 2013. 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.

Haldane Mccall Business Description

Comparable Companies
Address 2 Sobo Arobiodu Street, Suru House, Ikeja GRA, Lagos, NGA
Haldane Mccall PLC is a real estate development and hotel business company. It owns and operates the Western Hotel Brand in Nigeria, Suru Express Hotels in West Africa and Suru Homes Limited.