Gourmet Provisions International ROIC
What is the ROIC of Gourmet Provisions International?
The ROIC of Gourmet Provisions International Corporation is -45.42%
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 Consumer Discretionary sector on OTC compared to Gourmet Provisions International
What does Gourmet Provisions International do?
Gourmet Provisions International Corporation franchises pizza and sub restaurants in the United States. Its restaurants offer pizzas, subs, calzones, salads, and beverages. The company also provides an express franchise for carts/kiosks; and retail franchises for retailers. The company was formerly known as Unique Foods Corporation and changed its name to Gourmet Provisions International Corporation in November 2020. Gourmet Provisions International Corporation is based in Trafford, Pennsylvania.
Companies with roic similar to Gourmet Provisions International
- MMJ has ROIC of -45.58%
- DropCar has ROIC of -45.50%
- JanOne has ROIC of -45.50%
- Kodiak Sciences Inc has ROIC of -45.46%
- Angiodynamic Inc has ROIC of -45.46%
- Magenta Therapeutics Inc has ROIC of -45.44%
- Gourmet Provisions International has ROIC of -45.42%
- Shineco Inc has ROIC of -45.39%
- Trilogy Metals has ROIC of -45.38%
- Phivida has ROIC of -45.35%
- Mednow has ROIC of -45.32%
- Nektar Therapeutics has ROIC of -45.27%
- Future FinTech Inc has ROIC of -45.23%