Live Current Media (Live Current Media) ROC % : -82.18% (As of Dec. 2022)

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What is Live Current Media 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 %. Live Current Media's annualized return on capital (ROC %) for the quarter that ended in Dec. 2022 was -82.18%.

As of today (2024-06-03), Live Current Media's WACC % is 0.00%. Live Current Media's ROC % is 0.00% (calculated using TTM income statement data). Live Current Media earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Live Current Media ROC % Historical Data

The historical data trend for Live Current Media'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.

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Live Current Media ROC % Chart

Live Current Media Annual Data

Trend

Dec07

Dec08

Dec09

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC %

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-388.24

-306.25

-76.34

-41.11

-1,269.77

Live Current Media Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROC %	Get a 7-Day Free Trial															-100.37	-204.26	-72.44	-50.75	-82.18

Live Current Media ROC % Calculation

Live Current Media's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	-5.314 * ( 1 - 0% )	/	( (0.234	+	0.603)	/ 2 )
=	-5.314	/	0.4185
=	-1,269.77 %

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	))
=	0.047	-	0.757	-	( 0.01	-	max(0, 0.963	-	0.019	+	0.01	))
=	0.234

	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	))
=	0.499	-	1.456	-	( 0.17	-	max(0, 1.933	-	0.373	+	0.17	))
=	0.603

Live Current Media's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2022 is calculated as:

	ROC % (Q: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2022 )	+	Invested Capital (Q: Dec. 2022 ))	/ count )
=	-4.532 * ( 1 - 0% )	/	( (10.426	+	0.603)	/ 2 )
=	-4.532	/	5.5145
=	-82.18 %

where

	Invested Capital		(Q: Sep. 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	))
=	8.653	-	0.674	-	( 0.041	-	max(0, 2.569	-	0.122	+	0.041	))
=	10.426

	Invested Capital		(Q: 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	))
=	0.499	-	1.456	-	( 0.17	-	max(0, 1.933	-	0.373	+	0.17	))
=	0.603

Note: The Operating Income data used here is four times the quarterly (Dec. 2022) data.

Live Current Media (OTCPK:LIVC) 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, Live Current Media's WACC % is 0.00%. Live Current Media's ROC % is 0.00% (calculated using TTM income statement data). Live Current Media 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 %, 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.

Live Current Media ROC % Related Terms

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Live Current Media (Live Current Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Live Current Media Inc (OTCPK:LIVC) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

10801 Thornmint Road, Suite 200, San Diego, CA, USA, 92127

Website

https://www.livecurrent.com

Live Current Media Inc acquires and integrates technologies that automate key processes in content and community creation, bringing together innovative businesses and technologies to provide an end-to-end resource for the hundreds of millions of creators who don't have a significant presence in the creator economy. The Live Current platform offers a range of growing creative tools and community-building technologies that include video community creation, AR/VR discovery, social media amplification, personal and business brand management and sponsorship, and alternative revenue creation for the global creative community in addition to providing community and experiential solutions for businesses seeking to become more creative in the way reach their current customers.

Executives

Leslie Klinger	director	1966 NEWELL ROAD, MALIBU CA 90265
Heidi L Steiger	director
Smith Steve Paul Jr	director	2988 WORDEN STREET, SAN DIEGO CA 92110
Justin Andrew Weissberg	director, 10 percent owner	23 ALLBROOK CT, LADERA RANCH, CA 92694
Seraph Living Trust	director, 10 percent owner	23 ALLBROOK CT, LADERA RANCH, CA 92694
Ollila Elina Maria Inkeri	10 percent owner	17181 BOTERO DR, SAN DIEGO CA 92127
Annamaria Rapakko	director	1269 PINE AVE, SAN JOSE CA 95125
Ollila Family Trust Dated June 18, 2018	10 percent owner	17181 BOTERO DR, SAN DIEGO CA 92127
Mark Ollila	director, 10 percent owner, officer: CEO	17181 BOTERO DR, SAN DIEGO CA 92127
Amir Vahabzadeh	director	1825 WEST KING EDWARD AVE, VANCOUVER A1 V6J 2W3
David Jeffs	director, officer: CEO, Secretary, Treasurer	600 - 1100 MELVILLE STREET, VANCOUVER A1 V6E 4A6
Joao Dacosta	director	#810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Carl Harold Jackson	director	22 CLINTON AVENUE, WESTPORT CT 06880
Susan Jeffs	director	4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Paul William Morrisson	officer: President and COO	780 BEATTY STREET, VANCOUVER A1 BC V6B 2M2