Widepoint Corp ROIC
What is the ROIC of Widepoint Corp?
The ROIC of Widepoint Corp is -7.32%
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 Technology sector on NYSEMKT compared to Widepoint Corp
What does Widepoint Corp do?
widepoint corporation is a leading provider of wireless mobility management and cybersecurity solutions. identity access management, multi-factor authentication and critical response management offer advanced information technology through its innovative solutions to the government and commercial markets. widepoint is comprised of four business groups with each offering unique capabilities specializing in emergency response management solutions, asymmetric authentication deployed as pki, wireless telecommunication expense management services, forensic informatics system engineering and consulting services. we provide leadership on trusted virtual and physical credentialing authentication, authorization and attribute tracking; and competitive sourcing of wireless telecommunication services to meet the demands of our government and commercial customers. we intend to grow significantly over the next few years through a combination of aggressive organic growth, the acquiring of selective
Companies with roic similar to Widepoint Corp
- Access Intelligence Plc has ROIC of -7.34%
- PowerOre has ROIC of -7.34%
- Cariboo Rose Resources has ROIC of -7.34%
- Par Technology has ROIC of -7.34%
- E3 Metals has ROIC of -7.33%
- WisdomTree Japan Multifactor Fund has ROIC of -7.33%
- Widepoint Corp has ROIC of -7.32%
- Craft Brew Alliance has ROIC of -7.32%
- Decibel Cannabis has ROIC of -7.32%
- Target Insurance () has ROIC of -7.31%
- 2295702 has ROIC of -7.31%
- Dharani Sugars and Chemicals has ROIC of -7.31%
- Golden Valley Mines has ROIC of -7.31%