Bradaverse Education (Intl) Investments Group (HKSE:01082) ROIC % : -7.19% (As of Dec. 2023)

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What is Bradaverse Education (Intl) Investments Group 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 %. Bradaverse Education (Intl) Investments Group's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -7.19%.

As of today (2024-06-08), Bradaverse Education (Intl) Investments Group's WACC % is 5.11%. Bradaverse Education (Intl) Investments Group's ROIC % is -10.91% (calculated using TTM income statement data). Bradaverse Education (Intl) Investments Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Bradaverse Education (Intl) Investments Group ROIC % Historical Data

The historical data trend for Bradaverse Education (Intl) Investments Group'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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Bradaverse Education (Intl) Investments Group ROIC % Chart

Bradaverse Education (Intl) Investments Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROIC %

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-31.52

-37.91

-10.45

-27.18

-14.26

Bradaverse Education (Intl) Investments Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROIC %	Get a 7-Day Free Trial															-10.00	-43.90	-12.58	-15.01	-7.19

Competitive Comparison of Bradaverse Education (Intl) Investments Group's ROIC %

For the Education & Training Services subindustry, Bradaverse Education (Intl) Investments Group'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.

Bradaverse Education (Intl) Investments Group's ROIC % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Bradaverse Education (Intl) Investments Group's ROIC % distribution charts can be found below:

* The bar in red indicates where Bradaverse Education (Intl) Investments Group's ROIC % falls into.

Bradaverse Education (Intl) Investments Group ROIC % Calculation

Bradaverse Education (Intl) Investments Group'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 )
=	-10.836 * ( 1 - -5.32% )	/	( (86.103	+	73.913)	/ 2 )
=	-11.4124752	/	80.008
=	-14.26 %

where

	Invested Capital		(A: Jun. 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	))
=	165.275	-	5.389	-	( 73.783	-	max(0, 16.232	-	123.763	+	73.783	))
=	86.103

	Invested Capital		(A: Jun. 2023 )
=	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	))
=	169.477	-	19.754	-	( 79.419	-	max(0, 53.354	-	129.164	+	79.419	))
=	73.913

Bradaverse Education (Intl) Investments Group'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 )
=	-5.31 * ( 1 - -5.47% )	/	( (73.913	+	81.844)	/ 2 )
=	-5.600457	/	77.8785
=	-7.19 %

where

	Invested Capital		(Q: Jun. 2023 )
=	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	))
=	169.477	-	19.754	-	( 79.419	-	max(0, 53.354	-	129.164	+	79.419	))
=	73.913

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	162.774	-	16.548	-	( 64.382	-	max(0, 52.638	-	124.118	+	64.382	))
=	81.844

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

Bradaverse Education (Intl) Investments Group (HKSE:01082) 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, Bradaverse Education (Intl) Investments Group's WACC % is 5.11%. Bradaverse Education (Intl) Investments Group's ROIC % is -10.91% (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.

Bradaverse Education (Intl) Investments Group ROIC % Related Terms

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Bradaverse Education (Intl) Investments Group (HKSE:01082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Bradaverse Education (Intl) Investments Group Ltd (HKSE:01082) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Harcourt Road, Unit 1708, 17/F, Tower II, Admiralty Centre, Hong Kong, HKG

Website

https://www.hkeduii.com

Bradaverse Education (Intl) Investments Group Ltd formerly Hong Kong Education (Int''l) Investments Ltd is engaged in the provision of private educational services, investment in securities, and money lending business. The company's business is classified into four segments Provision of private educational services; Investments in securities; Money Lending, and VR and digital entertainment. Provision of private educational services segment that derives majority revenue provides secondary tutoring services, secondary day school education, primary tutoring services, skill courses, and test preparation courses.

Executives

Bradbury Investment Fund (spc) Limited - Bradbury Global Opportunity Fund Sp	2201 Interest of corporation controlled by you
Bradbury Private Investment Ix Inc.	2101 Beneficial owner

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