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Astika Holdings (Astika Holdings) ROIC % : -7,314.29% (As of Sep. 2019)


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What is Astika Holdings 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 %. Astika Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2019 was -7,314.29%.

As of today (2024-06-10), Astika Holdings's WACC % is 0.00%. Astika Holdings's ROIC % is 0.00% (calculated using TTM income statement data). Astika Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Astika Holdings ROIC % Historical Data

The historical data trend for Astika Holdings'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.

* Premium members only.

Astika Holdings ROIC % Chart

Astika Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
ROIC %
Get a 7-Day Free Trial -175.00 -204.88 -33.96 -535.59 -1,571.43

Astika Holdings Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
ROIC % 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 -914.29 -3,314.29 -500.00 -1,500.00 -7,314.29

Competitive Comparison of Astika Holdings's ROIC %

For the Shell Companies subindustry, Astika Holdings'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.


Astika Holdings's ROIC % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Astika Holdings's ROIC % distribution charts can be found below:

* The bar in red indicates where Astika Holdings's ROIC % falls into.



Astika Holdings ROIC % Calculation

Astika Holdings's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2018 is calculated as:

ROIC % (A: Dec. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2017 ) + Invested Capital (A: Dec. 2018 ))/ count )
=-0.055 * ( 1 - 0% )/( (0.003 + 0.004)/ 2 )
=-0.055/0.0035
=-1,571.43 %

where

Astika Holdings's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2019 is calculated as:

ROIC % (Q: Sep. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2019 ) + Invested Capital (Q: Sep. 2019 ))/ count )
=-0.256 * ( 1 - 0% )/( (0.004 + 0.003)/ 2 )
=-0.256/0.0035
=-7,314.29 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2019) 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.


Astika Holdings  (OTCPK:ASKH) 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, Astika Holdings's WACC % is 0.00%. Astika Holdings'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.


Astika Holdings ROIC % Related Terms

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Astika Holdings (Astika Holdings) Business Description

Traded in Other Exchanges
N/A
Address
703 Rosebank Road, Level 1, Avondale, Auckland, NZL, 1348
Website
Astika Holdings Inc is not engaged in any business activity and is preparing to relaunch the company through one or more strategic acquisitions in the textile, service and industrial sectors in Asia and New Zealand.
Executives
Eugene B Settler director, officer: President, CEO & Treasurer
Aline Parrish 10 percent owner 631 JEFFERSON AVENUE UNIT 305 MIAMI BEACH FL 33139
Stephen J Ratelle director 6393 BUCKAROO AVENUE LAS VEGAS NV 89108
Jack Alvo director, officer: Secretary 7000 WEST PALMETTO PARK ROAD SUITE 409 BOCA RATON FL 33433
Iq Acquisition (ny) Ltd. 10 percent owner LEVEL 1, 725 ROSEBANK ROAD AVONDALE, 1348 AUCKLAND Q2 00000

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