Megalith ROIC
What is the ROIC of Megalith?
The ROIC of Megalith Corporation is -35.44%
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 Industrials sector on OTC compared to Megalith
What does Megalith do?
MW Investment Holding Group, Inc. engages in the manufacture and sale of custom passenger and freight elevators, components, and replacement parts. It also offers installation and servicing of elevators in Texas. The company was formerly known as Megalith Corporation and changed its name to MW Investment Holding Group, Inc. in May 2021. MW Investment Holding Group, Inc. was incorporated in 1995 and is based in Fort Worth, Texas.
Companies with roic similar to Megalith
- Calliditas Therapeutics AB has ROIC of -35.65%
- Sigilon Therapeutics has ROIC of -35.63%
- Coherus Biosciences Inc has ROIC of -35.61%
- Acreage has ROIC of -35.59%
- Great Southern Copper PLC has ROIC of -35.57%
- J4 Ventures has ROIC of -35.56%
- Megalith has ROIC of -35.44%
- Megaport has ROIC of -35.35%
- Great Bear Resources has ROIC of -35.33%
- Imunon Inc has ROIC of -35.30%
- Kaspien has ROIC of -35.29%
- Fusion Pharmaceuticals has ROIC of -35.23%
- Molecular Partners AG has ROIC of -35.21%