TSPG (TGI Solar Power Group) ROIC %: -3.90% (As of Jul. 2023)


What is TGI Solar Power Group ROIC %?

TGI Solar Power Group TSPG ROIC % is -3.90% as of Jul. 2023.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. TGI Solar Power Group's annualized return on invested capital (ROIC %) for the quarter that ended in Jul. 2023 was -3.90%.

As of today (2026-06-24), TGI Solar Power Group's WACC % is 0.00%. TGI Solar Power Group's ROIC % is 0.00% (calculated using TTM income statement data). TGI Solar Power Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

TGI Solar Power Group  (OTCPK:TSPG) 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, TGI Solar Power Group's WACC % is 0.00%. TGI Solar Power Group's ROIC % is 0.00% (calculated using TTM income statement data). TGI Solar Power Group 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.

TGI Solar Power Group ROIC % Related Terms

TGI Solar Power Group ROIC % Historical Data

* Premium members only.

The historical data trend for TGI Solar Power 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.

TGI Solar Power Group ROIC % Chart

TGI Solar Power Group Annual Data
Trend Jul15 Jul16 Jul17 Jul22 Jul23
ROIC %
0.00 -4,066.67 -2,600.00 -13.56 -3.90

TGI Solar Power Group Semi-Annual Data
Jul15 Jul16 Jul17 Jul22 Jul23
ROIC % 0.00 -4,066.67 -2,600.00 -13.56 -3.90

TSPG vs ASTI, PTOS, GSLR: ROIC % Comparison

For the Solar subindustry, TGI Solar Power 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.

TGI Solar Power Group ROIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TGI Solar Power Group's ROIC % distribution charts can be found below:

* The bar in red indicates where TGI Solar Power Group's ROIC % falls into.


TGI Solar Power Group ROIC % Calculation

TGI Solar Power Group's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jul. 2023 is calculated as:

ROIC % (A: Jul. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jul. 2022 ) + Invested Capital (A: Jul. 2023 ))/ count )
=-0.041 * ( 1 - 0% )/( (1.048 + 1.056)/ 2 )
=-0.041/1.052
=-3.90 %

where

Invested Capital(A: Jul. 2022 )
=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))
=0.298 - 0.204 - ( 0.008 - max(0, 0.962 - 0.008+0.008))
=1.048

Invested Capital(A: Jul. 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))
=0.292 - 0.245 - ( 0 - max(0, 1.009 - 0+0))
=1.056

TGI Solar Power Group's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jul. 2023 is calculated as:

ROIC % (Q: Jul. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2022 ) + Invested Capital (Q: Jul. 2023 ))/ count )
=-0.041 * ( 1 - 0% )/( (1.048 + 1.056)/ 2 )
=-0.041/1.052
=-3.90 %

where

Invested Capital(Q: Jul. 2022 )
=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))
=0.298 - 0.204 - ( 0.008 - max(0, 0.962 - 0.008+0.008))
=1.048

Invested Capital(Q: Jul. 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))
=0.292 - 0.245 - ( 0 - max(0, 1.009 - 0+0))
=1.056

Note: The Operating Income data used here is one times the annual (Jul. 2023) 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 -3.90% mean?
TGI Solar Power Group (TSPG) has a ROIC % of -3.90% as of Jul. 2023. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on TGI Solar Power Group and its competitors.
Is TGI Solar Power Group's ROIC % too high?
TGI Solar Power Group's current ROIC % is -3.90%.
How does TGI Solar Power Group's ROIC % compare to ASTI and PTOS?
TGI Solar Power Group's ROIC % of -3.90% can be compared against companies in the Semiconductors industry. The industry median ROIC % is 3.71. 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 Semiconductors company?
The median ROIC % among Semiconductors companies is 3.71, based on 1,012 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 TGI Solar Power Group and its competitors. For the Semiconductors industry, the median ROIC % is 3.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGI Solar Power Group's current ROIC % is -3.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGI Solar Power Group stock overvalued right now?
TGI Solar Power Group (TSPG) has a current ROIC % of -3.90%. The current ROIC % is -3.90%. 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 TGI Solar Power Group (TSPG), the current ROIC % is -3.90% as of Jul. 2023. 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.

TGI Solar Power Group Business Description

Address 1801 North East 123rd Street, North Miami, FL, USA, 33181
TGI Solar Power Group Inc is a diversified holding company. The company offers its products and services to clients of various countries and maintains JVs and strategic alliances with installation, integration and energy consulting firms. It focuses on acquiring and developing patented technologies and processes with commercial value.