Acasti Pharma Inc ROIC
What is the ROIC of Acasti Pharma Inc?
The ROIC of Acasti Pharma Inc is -11.92%
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 Health Care sector on NASDAQ compared to Acasti Pharma Inc
What does Acasti Pharma Inc do?
acasti pharma, inc., a subsiduary of neptune technologies & bioressources, is a quebec-based biopharmaceutical dedicated in advancing a proprietary portfolio based on marine phospholipids. our products can be used in prescription, medical food and over-the-counter applications, either as a stand-alone, or, as a fixed-dose combination to exisitng productrs, for the prevention and treatment of cardiometabolic disorders.
Companies with roic similar to Acasti Pharma Inc
- Azucar Minerals has ROIC of -11.97%
- Athabasca Minerals has ROIC of -11.97%
- Big Ridge Gold has ROIC of -11.97%
- Metalyst Forgings has ROIC of -11.96%
- Klondike Silver has ROIC of -11.95%
- Mister Spex Se Inh O.N has ROIC of -11.93%
- Acasti Pharma Inc has ROIC of -11.92%
- Acorn Income Fund has ROIC of -11.92%
- Coursera has ROIC of -11.90%
- Imperial Mining has ROIC of -11.90%
- New York City REIT has ROIC of -11.89%
- Northern 2 VCT PLC has ROIC of -11.88%
- Similarweb has ROIC of -11.88%