Toggle3D.ai (XCNQ:TGGL) ROIC % : -156.21% (As of Oct. 2024)

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What is Toggle3D.ai 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 %. Toggle3D.ai's annualized return on invested capital (ROIC %) for the quarter that ended in Oct. 2024 was -156.21%.

As of today (2025-03-05), Toggle3D.ai's WACC % is 9.17%. Toggle3D.ai's ROIC % is -156.37% (calculated using TTM income statement data). Toggle3D.ai earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Toggle3D.ai ROIC % Historical Data

The historical data trend for Toggle3D.ai'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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Toggle3D.ai ROIC % Chart

Toggle3D.ai Annual Data

Trend

Dec20

Dec21

Dec22

ROIC %

Toggle3D.ai Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROIC %	Get a 7-Day Free Trial					-90.37	-122.71	-362.11	-412.77	-156.21

Competitive Comparison of Toggle3D.ai's ROIC %

For the Software - Application subindustry, Toggle3D.ai'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.

Toggle3D.ai's ROIC % Distribution in the Software Industry

For the Software industry and Technology sector, Toggle3D.ai's ROIC % distribution charts can be found below:

* The bar in red indicates where Toggle3D.ai's ROIC % falls into.

Toggle3D.ai ROIC % Calculation

Toggle3D.ai's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROIC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	-0.78 * ( 1 - 0% )	/	( (0	+	0)	/ 1 )
=	-0.78	/	0
=	%

where

	Invested Capital		(A: Dec. 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	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(A: Dec. 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	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Toggle3D.ai's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Oct. 2024 is calculated as:

	ROIC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-0.692 * ( 1 - 0% )	/	( (0.403	+	0.483)	/ 2 )
=	-0.692	/	0.443
=	-156.21 %

where

	Invested Capital		(Q: Jul. 2024 )
=	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	))
=	0.488	-	0.083	-	( 0.002	-	max(0, 0.298	-	0.488	+	0.002	))
=	0.403

	Invested Capital		(Q: Oct. 2024 )
=	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	))
=	0.685	-	0.202	-	( 0	-	max(0, 0.439	-	0.685	+	0	))
=	0.483

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

Toggle3D.ai (XCNQ:TGGL) 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, Toggle3D.ai's WACC % is 9.17%. Toggle3D.ai's ROIC % is -156.37% (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.

Toggle3D.ai ROIC % Related Terms

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Toggle3D.ai Business Description

Industry

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Traded in Other Exchanges

TGGLF:USA Q0C:Germany

Address

Toronto RPO Royal Bank Plaza, PO Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://toggle3d.com

Toggle3D.ai is an AR-enhanced standalone web application that enables product designers, 3D artists, marketing professionals and eCommerce site owners to create, customize and publish high-quality 3D models and experiences without any technical or 3D design knowledge required. The Company believes that Toggle3D is the first platform of its kind, and this breakthrough SaaS product is a potential game changer for the manufacturing and design industry, as it provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices and at scale.

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