PSB Industries (LTS:0IIA) ROC % : 0.00% (As of Dec. 2020)

View and export this data going back to 2008. Start your Free Trial

What is PSB Industries 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 %. PSB Industries's annualized return on capital (ROC %) for the quarter that ended in Dec. 2020 was 0.00%.

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

PSB Industries ROC % Historical Data

The historical data trend for PSB Industries'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.

PSB Industries ROC % Chart

PSB Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROC %

Get a 7-Day Free Trial

6.61

5.28

3.43

3.34

-3.58

PSB Industries Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
ROC %	Get a 7-Day Free Trial															2.87	4.55	2.02	-6.31	-

PSB Industries ROC % Calculation

PSB Industries's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2020 is calculated as:

	ROC % (A: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2019 )	+	Invested Capital (A: Dec. 2020 ))	/ count )
=	-7.344 * ( 1 - -1.01% )	/	( (203.536	+	211.034)	/ 2 )
=	-7.4181744	/	207.285
=	-3.58 %

where

	Invested Capital		(A: Dec. 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	))
=	274.745	-	35.375	-	( 35.834	-	max(0, 74.038	-	142.483	+	35.834	))
=	203.536

	Invested Capital		(A: Dec. 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	))
=	273.405	-	18.529	-	( 88.652	-	max(0, 110.34	-	154.182	+	88.652	))
=	211.034

PSB Industries's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2020 is calculated as:

	ROC % (Q: Dec. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2020 )	+	Invested Capital (Q: Dec. 2020 ))	/ count )
=	0.074 * ( 1 - 87.35% )	/	( (200.597	+	211.034)	/ 2 )
=	0.009361	/	205.8155
=	0.00 %

where

	Invested Capital		(Q: Jun. 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	))
=	279.428	-	22.323	-	( 80.068	-	max(0, 116.565	-	173.073	+	80.068	))
=	200.597

	Invested Capital		(Q: Dec. 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	))
=	273.405	-	18.529	-	( 88.652	-	max(0, 110.34	-	154.182	+	88.652	))
=	211.034

Note: The Operating Income data used here is two times the semi-annual (Dec. 2020) data.

PSB Industries (LTS:0IIA) 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, PSB Industries's WACC % is 0.00%. PSB Industries's ROC % is 0.00% (calculated using TTM income statement data). PSB Industries 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.

PSB Industries ROC % Related Terms

Thank you for viewing the detailed overview of PSB Industries's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

PSB Industries (LTS:0IIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PSB Industries SA (LTS:0IIA) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Park Nord Immeuble Les Pleiades n 21, Route de la bouvarde, Metz-Tessy, FRA, 74370

Website

http://www.psbindus.com

PSB Industries SA is a holding company, which engages in the packaging of specialty chemicals and cosmetics. It operates its business through the following segments: Luxury and Beauty, Food and Distribution, Specialty Chemicals and Healthcare and Industry. The Luxury and Beauty segment specializes in plastic injection and finishing for the cosmetics and perfume industry. The Food and Distribution segment specializes in the design and manufacture food tray, blister pack, thermoformed packaging. The Specialty Chemicals segment specializes in the production of powders and liquids based on ultra-pure alumina. Healthcare and Industry segment focuses on a primary and secondary market. Most of its revenue is generated in France.

PSB Industries (LTS:0IIA) Headlines

No Headlines