ATN International Inc ROIC
What is the ROIC of ATN International Inc?
The ROIC of ATN International Inc is 1.24%
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 Communication Services sector on NASDAQ compared to ATN International Inc
What does ATN International Inc do?
atlantic tele-network, inc. (atn) is a telecommunications company that provides service to under-served markets in north america and the caribbean. through our operating subsidiaries, we provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services.
Companies with roic similar to ATN International Inc
- MVB has ROIC of 1.23%
- First Mid Bancshares has ROIC of 1.23%
- InnerWorkings has ROIC of 1.23%
- Coherent Corp has ROIC of 1.24%
- Citychamp Watch & Jewellery has ROIC of 1.24%
- Rajshree Sugars and Chemicals has ROIC of 1.24%
- ATN International Inc has ROIC of 1.24%
- The Lakshmi Mills has ROIC of 1.24%
- Beijing Capital Land has ROIC of 1.25%
- Everbright Grand China Assets has ROIC of 1.25%
- Salisbury has ROIC of 1.25%
- Trecora Resources has ROIC of 1.25%
- JSW has ROIC of 1.25%