Tuesday Morning ROIC
What is the ROIC of Tuesday Morning?
The ROIC of Tuesday Morning Corporation is -37.05%
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 Consumer Staples sector on OTC compared to Tuesday Morning
What does Tuesday Morning do?
Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, pet supplies, bath and body products, toys, and seasonal décor products. As of June 30, 2020, it operated approximately 685 stores in 39 states. The company was founded in 1974 and is headquartered in Dallas, Texas. On May 27, 2020, Tuesday Morning Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas.
Companies with roic similar to Tuesday Morning
- Mirasol Resources has ROIC of -37.17%
- Phreesia Inc has ROIC of -37.16%
- The Biotech Growth Trust Plc has ROIC of -37.12%
- Pliant Therapeutics has ROIC of -37.11%
- Hands Form Ltd has ROIC of -37.07%
- ABIONYX Pharma SA has ROIC of -37.06%
- Tuesday Morning has ROIC of -37.05%
- JB&ZJMY Co has ROIC of -37.04%
- Greatland Gold Plc has ROIC of -37.03%
- ProQR Therapeutics N.V has ROIC of -37.03%
- Bambuser AB (publ) has ROIC of -36.99%
- ZoomAway Travel has ROIC of -36.98%
- Flower One has ROIC of -36.90%