Genocea Biosciences Inc ROIC
What is the ROIC of Genocea Biosciences Inc?
The ROIC of Genocea Biosciences Inc is -41.53%
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 Genocea Biosciences Inc
What does Genocea Biosciences Inc do?
Genocea's mission is to conquer cancer by developing personalized cancer immunotherapies in multiple tumor types. Our unique ATLAS™ platform comprehensively profiles each patient's T cell responses to potential targets, or antigens, on the tumor. ATLAS enables us to optimize the neoantigens for inclusion in our immunotherapies and exclude inhibitory antigens, Inhibigens™, that can exert an immunosuppressive effect. We are advancing two ATLAS-enabled programs: GEN-009, our neoantigen vaccine and GEN-011, our neoantigen-specific cell therapy using T cells derived from peripheral blood.
Companies with roic similar to Genocea Biosciences Inc
- Rare Element Resources has ROIC of -41.74%
- Baru Gold has ROIC of -41.73%
- Agenus Inc has ROIC of -41.69%
- ImmunoPrecise Antibodies has ROIC of -41.66%
- Green Panda Capital has ROIC of -41.62%
- Bonanza Mining has ROIC of -41.60%
- Genocea Biosciences Inc has ROIC of -41.53%
- CYREN Ltd has ROIC of -41.53%
- NuCana plc has ROIC of -41.52%
- Amaero Intl Ltd has ROIC of -41.52%
- Haranga Resources Ltd has ROIC of -41.49%
- Peregrine Gold Ltd has ROIC of -41.46%
- Cache Exploration has ROIC of -41.42%