Mexico Equity And Income Fund Inc ROIC
What is the ROIC of Mexico Equity And Income Fund Inc?
The ROIC of Mexico Equity And Income Fund Inc is 1.35%
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 Finance sector on NYSE compared to Mexico Equity And Income Fund Inc
Companies with roic similar to Mexico Equity And Income Fund Inc
- Hutchison Telecommunications Hong Kong has ROIC of 1.34%
- Central China Real Estate has ROIC of 1.34%
- Meridian Bancorp Inc has ROIC of 1.34%
- Western Alliance Bancorp has ROIC of 1.35%
- Strategic Equity Capital Plc has ROIC of 1.35%
- Niraku GC has ROIC of 1.35%
- Mexico Equity And Income Fund Inc has ROIC of 1.35%
- Saint Jean e Societe anonyme has ROIC of 1.35%
- Rane has ROIC of 1.35%
- Zurich Insurance AG has ROIC of 1.36%
- Zurich Insurance AG has ROIC of 1.36%
- COSCO SHIPPING Transportation Co has ROIC of 1.36%
- iShares, - iShares MSCI South Korea ETF has ROIC of 1.36%