SIGL (Signal Advance) ROIC %: -1,000.00% (As of Dec. 2016)


What is Signal Advance ROIC %?

Signal Advance SIGL -3.23% ROIC % is -1,000.00% as of Dec. 2016.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Signal Advance's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2016 was -1,000.00%.

As of today (2026-06-27), Signal Advance's WACC % is 0.00%. Signal Advance's ROIC % is 0.00% (calculated using TTM income statement data). Signal Advance earns returns that do not match up to its cost of capital. It will destroy value as it grows.

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

Signal Advance ROIC % Related Terms

Signal Advance ROIC % Historical Data

* Premium members only.

The historical data trend for Signal 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.

Signal Advance ROIC % Chart

Signal Advance Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
ROIC %
Get a 7-Day Free Trial -290.16 -1,170.87 -876.34 -1,231.11 -1,565.22

Signal Advance Quarterly Data
Dec11 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 -662.86 -952.38 -682.93 -1,457.14 -1,000.00

SIGL vs DSGT, FLXT, GIGA: ROIC % Comparison

For the Scientific & Technical Instruments subindustry, Signal 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.

Signal Advance ROIC % vs Hardware Industry

For the Hardware industry and Technology sector, Signal Advance's ROIC % distribution charts can be found below:

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


Signal Advance ROIC % Calculation

Signal Advance's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2016 is calculated as:

ROIC % (A: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2015 ) + Invested Capital (A: Dec. 2016 ))/ count )
=-0.18 * ( 1 - 0% )/( (0.008 + 0.015)/ 2 )
=-0.18/0.0115
=-1,565.22 %

where

Invested Capital(A: Dec. 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))
=0.01 - 0.004 - ( 0.006 - max(0, 0.008 - 0.006+0.006))
=0.008

Invested Capital(A: Dec. 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))
=0.003 - 0.004 - ( 0 - max(0, 0.016 - 0+0))
=0.015

Signal Advance's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2016 is calculated as:

ROIC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2016 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=-0.18 * ( 1 - 0% )/( (0.021 + 0.015)/ 2 )
=-0.18/0.018
=-1,000.00 %

where

Invested Capital(Q: Sep. 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))
=0.01 - 0 - ( 0.008 - max(0, 0.019 - 0.008+0.008))
=0.021

Invested Capital(Q: Dec. 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))
=0.003 - 0.004 - ( 0 - max(0, 0.016 - 0+0))
=0.015

Note: The Operating Income data used here is four times the quarterly (Dec. 2016) 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 -1,000.00% mean?
Signal Advance (SIGL) has a ROIC % of -1,000.00% as of Dec. 2016. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Signal Advance and its competitors.
Is Signal Advance's ROIC % too high?
Signal Advance's current ROIC % is -1,000.00%.
How does Signal Advance's ROIC % compare to DSGT and FLXT?
Signal Advance's ROIC % of -1,000.00% can be compared against companies in the Hardware industry. The industry median ROIC % is 4.12. 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 Hardware company?
The median ROIC % among Hardware companies is 4.12, based on 2,444 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 Signal Advance and its competitors. For the Hardware industry, the median ROIC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Signal Advance's current ROIC % is -1,000.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Signal Advance stock overvalued right now?
Signal Advance (SIGL) has a current ROIC % of -1,000.00%. The current ROIC % is -1,000.00%. 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 Signal Advance (SIGL), the current ROIC % is -1,000.00% as of Dec. 2016. 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.

Signal Advance Business Description

Address 2520 County Road 81, Rosharon, TX, USA, 77583
Signal Advance Inc is an engineering product and procedure development and consulting firm developing applications for emerging technologies. The Company has experience in computer technology, distributed information systems, data acquisition and analysis systems, electronic technology development, biomedicine, intellectual property protection and regulatory requirements. The Company is focused on developing and implementing its proprietary signal advance technology that acts to reduce signal detection delay with potential applications in biomedicine, transportation, defense, communications, cyber-security and industrial control systems to be implemented through subsidiaries.