Ascendis Pharma A/S ROIC
What is the ROIC of Ascendis Pharma A/S?
The ROIC of Ascendis Pharma A/S is -43.72%
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 Ascendis Pharma A/S
What does Ascendis Pharma A/S do?
ascendis pharma a/s is a biotechnology company located in 12 tuborg blvd., hellerup, capital region of denmark, denmark.
Companies with roic similar to Ascendis Pharma A/S
- Skeena Resources has ROIC of -43.89%
- Culpeo Minerals Ltd has ROIC of -43.81%
- Acme Intl Hldg Ltd has ROIC of -43.80%
- Alvo Minerals Ltd has ROIC of -43.79%
- Youngevity International Inc has ROIC of -43.76%
- Senmiao Technology Ltd has ROIC of -43.74%
- Ascendis Pharma A/S has ROIC of -43.72%
- RTG Mining has ROIC of -43.68%
- Rocket Pharmaceuticals Inc has ROIC of -43.59%
- Suven Life Sciences has ROIC of -43.57%
- Dubber has ROIC of -43.50%
- DiaMedica Therapeutics has ROIC of -43.49%
- INmune Bio has ROIC of -43.49%