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Cityneon Holdings (Cityneon Holdings) ROC % : 4.63% (As of Sep. 2018)


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What is Cityneon Holdings ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Cityneon Holdings's annualized return on capital (ROC %) for the quarter that ended in Sep. 2018 was 4.63%.

As of today (2024-06-08), Cityneon Holdings's WACC % is 0.00%. Cityneon Holdings's ROC % is 23.84% (calculated using TTM income statement data). Cityneon Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


Cityneon Holdings ROC % Historical Data

The historical data trend for Cityneon Holdings's ROC % 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.

* Premium members only.

Cityneon Holdings ROC % Chart

Cityneon Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROC %
Get a 7-Day Free Trial Premium Member Only 4.03 14.37 4.43 11.82 13.04

Cityneon Holdings Quarterly Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
ROC % 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 Premium Member Only Premium Member Only -6.80 25.57 9.80 26.08 4.63

Cityneon Holdings ROC % Calculation

Cityneon Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2017 is calculated as:

ROC % (A: Dec. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2016 ) + Invested Capital (A: Dec. 2017 ))/ count )
=22.236 * ( 1 - 13.8% )/( (78.824 + 215.203)/ 2 )
=19.167432/147.0135
=13.04 %

where

Cityneon Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2018 is calculated as:

ROC % (Q: Sep. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2018 ) + Invested Capital (Q: Sep. 2018 ))/ count )
=13.38 * ( 1 - 31.99% )/( (188.51 + 204.166)/ 2 )
=9.099738/196.338
=4.63 %

where

Invested Capital(Q: Sep. 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))
=257.122 - 45.745 - ( 11.768 - max(0, 116.316 - 123.527+11.768))
=204.166

Note: The Operating Income data used here is four times the quarterly (Sep. 2018) data.

* 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.


Cityneon Holdings  (OTCPK:CNHDF) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Cityneon Holdings's WACC % is 0.00%. Cityneon Holdings's ROC % is 23.84% (calculated using TTM income statement data). Cityneon Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


Be Aware

Like ROE % and ROA %, ROC % 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.


Cityneon Holdings ROC % Related Terms

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Cityneon Holdings (Cityneon Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Cityneon Holdings Ltd is engaged in providing various business services. The company operates its business through various segments that are Experiential Environment, which comprise of architectural facades, scenic fabrication, sculptures, scaled models, wall reliefs and murals, replicas, and others; Interior Architecture, which comprise of conceptualize, design and interior fitting-out services to commercial properties, healthcare, hospitality services industry, and others; Exhibitions, which comprise of design, fabrication, installation and project management of customized exhibition booths and pavilions, and others; Events, which assist in operations; and Intellectual Property Rights. It offers its services to Singapore, Middle East, Malaysia, China, Asia-Pacific, and other regions.

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