Clever Leaves ROIC
What is the ROIC of Clever Leaves?
The ROIC of Clever Leaves Holdings Inc. is -42.68%
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 Clever Leaves
What does Clever Leaves do?
Clever Leaves Holdings Inc. operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally. The Non-Cannabinoid segment is engaged in formulating, manufacturing, marketing, selling, distributing, and commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements for mass retailers, specialty and health retailers, and distributors in the United States. The company was founded in 2017 and is based in Boca Raton, Florida.
Companies with roic similar to Clever Leaves
- Cross River Ventures has ROIC of -42.82%
- Clovis Oncology Inc has ROIC of -42.81%
- Trillium Therapeutics Inc has ROIC of -42.80%
- Happiness Development Ltd has ROIC of -42.80%
- Ensign Services has ROIC of -42.78%
- scPharmaceuticals Inc has ROIC of -42.70%
- Clever Leaves has ROIC of -42.68%
- Ekso Bionics Inc has ROIC of -42.67%
- Arbutus Biopharma Corp has ROIC of -42.61%
- Scottie Resources has ROIC of -42.60%
- Kintor Pharmaceutical has ROIC of -42.59%
- Marifil Mines has ROIC of -42.59%
- Hycroft Mining has ROIC of -42.59%