Conquest Resources ROIC
What is the ROIC of Conquest Resources?
The ROIC of Conquest Resources Limited is -27.48%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Materials sector on OTC compared to Conquest Resources
Companies with roic similar to Conquest Resources
- KORU Medical Systems Inc has ROIC of -27.61%
- Blue Prism Plc has ROIC of -27.60%
- TransAtlantic Petroleum has ROIC of -27.59%
- Nkarta has ROIC of -27.59%
- USD Partners LP has ROIC of -27.53%
- Shellron Capital Ltd has ROIC of -27.50%
- Conquest Resources has ROIC of -27.48%
- GSE Systems has ROIC of -27.46%
- Field Trip Health has ROIC of -27.46%
- Midwest Emissions has ROIC of -27.46%
- Christina Lake Cannabis has ROIC of -27.40%
- Atossa Therapeutics Inc has ROIC of -27.39%
- Deltic Plc has ROIC of -27.37%