casy, creating value?

A few months ago I had some assistance from Earslookin, determining value creation or destruction of a company growing via increasing store count. I have lost the thread and have just an Excel spreadsheet that I made to follow the method. In essence I have a formula without great understanding.
I plugged in numbers and came up with return on invested capital of 8.1, 6.8, 7.0 and 9.1% for years ending April 2012 to 2015. The cash return on invested capital is +1.0, -3.0, -1.4 and -3.0% for those years.
Oh Ears, if thee art lurking this board, you might indulge me with a refresher course?

KC

1 Like