Shengda Network Technology ROIC
What is the ROIC of Shengda Network Technology?
The ROIC of Shengda Network Technology Inc. is -40.56%
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 Shengda Network Technology
What does Shengda Network Technology do?
Shengda Network Technology, Inc. provides portals for the sale of products offered by various manufacturers and merchants. It offers electronics, daily consumable products, food, and clothing. The company was formerly known as Soltrest Inc. Shengda Network Technology Inc. was incorporated in 2018 and is based in Jinhua, China.
Companies with roic similar to Shengda Network Technology
- MINK Ventures has ROIC of -40.61%
- Aclaris Therapeutics has ROIC of -40.61%
- Freshlocal Solutions has ROIC of -40.58%
- Origo Partners PLC has ROIC of -40.57%
- Vistagen Therapeutics has ROIC of -40.57%
- Aziyo Biologics has ROIC of -40.56%
- Shengda Network Technology has ROIC of -40.56%
- Fennec Pharmaceuticals has ROIC of -40.54%
- Conformis has ROIC of -40.50%
- Twin Butte has ROIC of -40.43%
- Chargepoint has ROIC of -40.43%
- Amoeba S.A has ROIC of -40.40%
- On Track Innovations has ROIC of -40.37%