Rio Silver ROIC
What is the ROIC of Rio Silver?
The ROIC of Rio Silver Inc. is -1478.29%
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 TSXV compared to Rio Silver
What does Rio Silver do?
Rio Silver Inc. engages in the acquisition, evaluation, and development of mineral properties in the Americas, Canada, and Peru. It explores for precious and base metal deposits. The company owns 100% interest in its flagship property, Niñobamba silver and gold project covering an area of 4,490 hectares located in the Department of Ayacucho, Peru. It also holds 100% interest in the Gerow Lake property, a base metal project located in northwestern Ontario, Canada; and Palpa Dorado property located in Moro district of Santa province, Ancash, Peru. The company was formerly known as Escape Gold Inc. and changed its name to Rio Silver Inc. in October 2011. Rio Silver Inc. was incorporated in 2000 and is based in Vancouver, Canada.
Companies with roic similar to Rio Silver
- Bluewater Acquisition Corp has ROIC of -1958.50%
- Maitri Health Technologies has ROIC of -1920.53%
- Solei Systems has ROIC of -1844.88%
- Contagious Gaming has ROIC of -1751.17%
- BorrowMoney.com has ROIC of -1602.11%
- GOLO Mobile has ROIC of -1580.24%
- Rio Silver has ROIC of -1478.29%
- Curative Biosciences has ROIC of -1441.99%
- WayPoint Biomedical has ROIC of -1340.83%
- Merida Minerals Inc has ROIC of -1307.89%
- WEED has ROIC of -1297.38%
- Plateau Metals has ROIC of -1257.85%
- Glucose Health has ROIC of -1253.13%