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ZONE (CleanCore Solutions) ROIC % : 0.00% (As of Dec. 2023)


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What is CleanCore Solutions 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 %. CleanCore Solutions's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was 0.00%.

As of today (2024-10-31), CleanCore Solutions's WACC % is 8.98%. CleanCore Solutions's ROIC % is -13.33% (calculated using TTM income statement data). CleanCore Solutions earns returns that do not match up to its cost of capital. It will destroy value as it grows.


CleanCore Solutions ROIC % Historical Data

The historical data trend for CleanCore Solutions'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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CleanCore Solutions ROIC % Chart

CleanCore Solutions Annual Data
Trend Jun21 Jun22 Jun23
ROIC %
-1,708.57 -285.56 -

CleanCore Solutions Quarterly Data
Jun21 Mar22 Jun22 Oct22 Mar23 Jun23 Dec23
ROIC % Get a 7-Day Free Trial -88.89 -663.25 -7.89 -37.43 -

Competitive Comparison of CleanCore Solutions's ROIC %

For the Pollution & Treatment Controls subindustry, CleanCore Solutions'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.


CleanCore Solutions's ROIC % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CleanCore Solutions's ROIC % distribution charts can be found below:

* The bar in red indicates where CleanCore Solutions's ROIC % falls into.



CleanCore Solutions ROIC % Calculation

CleanCore Solutions's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jun. 2023 is calculated as:

ROIC % (A: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Jun. 2022 ) + Invested Capital (A: Jun. 2023 ))/ count )
=0 * ( 1 - 0% )/( (0.117 + 7.595)/ 2 )
=0/3.856
=0.00 %

where

CleanCore Solutions's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

ROIC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=0 * ( 1 - 0% )/( (7.595 + 7.439)/ 2 )
=0/7.517
=0.00 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) 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.


CleanCore Solutions  (AMEX:ZONE) 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, CleanCore Solutions's WACC % is 8.98%. CleanCore Solutions's ROIC % is -13.33% (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.


CleanCore Solutions ROIC % Related Terms

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CleanCore Solutions Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137
CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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