Eyes on the Go (Eyes on the Go) ROC % : -39.77% (As of Sep. 2014)

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What is Eyes on the Go 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 %. Eyes on the Go's annualized return on capital (ROC %) for the quarter that ended in Sep. 2014 was -39.77%.

As of today (2024-05-28), Eyes on the Go's WACC % is 0.00%. Eyes on the Go's ROC % is 0.00% (calculated using TTM income statement data). Eyes on the Go earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Eyes on the Go ROC % Historical Data

The historical data trend for Eyes on the Go'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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Eyes on the Go ROC % Chart

Eyes on the Go Annual Data

Trend

Dec11

Dec12

Dec13

ROC %

-814.55

-1,468.82

-91.10

Eyes on the Go Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
ROC %	Get a 7-Day Free Trial										-187.88	-106.64	-47.32	-41.92	-39.77

Eyes on the Go ROC % Calculation

Eyes on the Go's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2013 is calculated as:

	ROC % (A: Dec. 2013 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2012 )	+	Invested Capital (A: Dec. 2013 ))	/ count )
=	-0.757 * ( 1 - 0% )	/	( (0.038	+	1.624)	/ 2 )
=	-0.757	/	0.831
=	-91.10 %

where

	Invested Capital		(A: Dec. 2012 )
=	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	))
=	0.04	-	0.967	-	( 0	-	max(0, 0.967	-	0.002	+	0	))
=	0.038

	Invested Capital		(A: Dec. 2013 )
=	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	))
=	0.085	-	1.085	-	( 0.037	-	max(0, 2.688	-	0.064	+	0.037	))
=	1.624

Eyes on the Go's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2014 is calculated as:

	ROC % (Q: Sep. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2014 )	+	Invested Capital (Q: Sep. 2014 ))	/ count )
=	-2.256 * ( 1 - 0% )	/	( (5.583	+	5.761)	/ 2 )
=	-2.256	/	5.672
=	-39.77 %

where

	Invested Capital		(Q: Jun. 2014 )
=	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	))
=	0.197	-	1.144	-	( 0.168	-	max(0, 6.715	-	0.185	+	0.168	))
=	5.583

	Invested Capital		(Q: Sep. 2014 )
=	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	))
=	0.224	-	1.081	-	( 0.12	-	max(0, 6.833	-	0.215	+	0.12	))
=	5.761

Note: The Operating Income data used here is four times the quarterly (Sep. 2014) data.

Eyes on the Go (GREY:AXCG) 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, Eyes on the Go's WACC % is 0.00%. Eyes on the Go's ROC % is 0.00% (calculated using TTM income statement data). Eyes on the Go 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.

Eyes on the Go ROC % Related Terms

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Eyes on the Go (Eyes on the Go) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Eyes on the Go Inc (GREY:AXCG) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Fulton Street, 24th Floor, New York, NY, USA, 100389

Website

http://www.eyesonthego.com

Eyes on the Go Inc is engaged in designing, implementing, and providing services related to the remote monitoring of businesses and other facilities. The company provides online streaming videos and audio images from bars, restaurants, performance spaces, and clubs to consumers through a website called gander.tv.

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