ROIC

Return on invested capital

One of the 64 measures in Stock Scorer, under Quality — How much of the revenue is really kept — and what did it take to earn it?

How it is worked out

Operating income × (1 − 21% tax) ÷ (debt + equity − cash) × 100

What the company earns on the money invested in it. Invested capital is what lenders and shareholders have put in, less the cash sitting idle. Tax is applied at a flat 21% so that companies with different tax positions stay comparable.

How to read it

EBIT after tax over debt plus equity minus cash; 60% earns a 10

Highest on this measure

#	Company	ROIC
1	GUBRA.CO Gubra A/S	1,176.45%
2	SNWS.L SMITHS NEWS PLC	1,084.93%
3	MCK McKESSON CORPORATION	998.26%
4	ROOT ROOT, INC.	909.03%
5	LQDT LIQUIDITY SERVICES, INC	732.77%
6	DCBO Docebo Inc.	702.24%
7	MC Moelis & Co	697.20%
8	INDV Indivior Pharmaceuticals, Inc.	583.49%

The fifty highest on this measure, worked out from the same filings.

Which figures it needs

Computed from 5 figures taken from the filing:

operating_income
debt_long
debt_short
equity
cash

The XBRL tags behind it

These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.

OperatingIncomeLoss
ProfitLossFromOperatingActivities
LongTermDebtAndCapitalLeaseObligations
LongTermDebtNoncurrent
LongTermDebt
NotesPayableNoncurrent
LongtermBorrowings
LongTermDebtAndCapitalLeaseObligationsCurrent
LongTermDebtCurrent
DebtCurrent
ShortTermBorrowings
NotesPayableCurrent
StockholdersEquity
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
EquityAttributableToOwnersOfParent
Equity
CashAndCashEquivalentsAtCarryingValue
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
CashAndCashEquivalents

Whether it counts

This measure is counted in Quality by default. It can be taken out on the dashboard, and the dimension is then measured over whatever is left.