Immo Genk Zuid (XBRU:GENK) ROIC % : 16.38% (As of May. 2021)

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What is Immo Genk Zuid 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 %. Immo Genk Zuid's annualized return on invested capital (ROIC %) for the quarter that ended in May. 2021 was 16.38%.

As of today (2024-05-25), Immo Genk Zuid's WACC % is 0.00%. Immo Genk Zuid's ROIC % is 0.00% (calculated using TTM income statement data). Immo Genk Zuid earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Immo Genk Zuid ROIC % Historical Data

The historical data trend for Immo Genk Zuid'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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Immo Genk Zuid ROIC % Chart

Immo Genk Zuid Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

ROIC %

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12.67

18.43

26.91

9.54

-3.88

Immo Genk Zuid Semi-Annual Data
	May11	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	May21
ROIC %	Get a 7-Day Free Trial															-48.05	-7.38	-0.38	-2.44	16.38

Competitive Comparison of Immo Genk Zuid's ROIC %

For the Real Estate Services subindustry, Immo Genk Zuid'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.

Immo Genk Zuid's ROIC % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Immo Genk Zuid's ROIC % distribution charts can be found below:

* The bar in red indicates where Immo Genk Zuid's ROIC % falls into.

Immo Genk Zuid ROIC % Calculation

Immo Genk Zuid's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Nov. 2019 is calculated as:

	ROIC % (A: Nov. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Nov. 2018 )	+	Invested Capital (A: Nov. 2019 ))	/ count )
=	-0.248 * ( 1 - 0% )	/	( (6.478	+	6.314)	/ 2 )
=	-0.248	/	6.396
=	-3.88 %

where

	Invested Capital		(A: Nov. 2018 )
=	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	))
=	10.542	-	0.058	-	( 4.006	-	max(0, 0.058	-	4.101	+	4.006	))
=	6.478

	Invested Capital		(A: Nov. 2019 )
=	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	))
=	10.128	-	0.079	-	( 3.735	-	max(0, 0.079	-	3.868	+	3.735	))
=	6.314

Immo Genk Zuid's annualized Return on Invested Capital (ROIC %) for the quarter that ended in May. 2021 is calculated as:

	ROIC % (Q: May. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: May. 2020 )	+	Invested Capital (Q: May. 2021 ))	/ count )
=	2.136 * ( 1 - 0% )	/	( (13.715	+	12.372)	/ 2 )
=	2.136	/	13.0435
=	16.38 %

where

	Invested Capital		(Q: May. 2020 )
=	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	))
=	10.247	-	0.293	-	( 3.942	-	max(0, 7.839	-	4.078	+	3.942	))
=	13.715

	Invested Capital		(Q: May. 2021 )
=	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	))
=	8.137	-	0.026	-	( 1.955	-	max(0, 6.412	-	2.151	+	1.955	))
=	12.372

Note: The Operating Income data used here is two times the semi-annual (May. 2021) data.

Immo Genk Zuid (XBRU:GENK) 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, Immo Genk Zuid's WACC % is 0.00%. Immo Genk Zuid'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.

Immo Genk Zuid ROIC % Related Terms

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