Acorda Therapeutics Inc ROIC
What is the ROIC of Acorda Therapeutics Inc?
The ROIC of Acorda Therapeutics Inc is -104.93%
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 Acorda Therapeutics Inc
What does Acorda Therapeutics Inc do?
acorda therapeutics is a publicly traded (nasdaq: acor) biotechnology company whose mission is to develop therapies that restore neurological function and improve the lives of people with neurological disorders. we started our company in 1995 as a network of scientists, physicians and business people with a common belief that sharing ideas and information could lead to innovative medical advances for people with neurological disorders. we have since evolved into a commercial-stage biotechnology company, successfully developing and commercializing important therapies that advance the care of people affected by neurological conditions. we achieve our goals by: • investing in research and development • collaborating closely with the patient, medical and scientific communities • retaining employees with compassion and commitment acorda has been voted one of the best companies to work for in new york for the past five years in a row, as a result of our dynamic environment, strong corporate
Companies with roic similar to Acorda Therapeutics Inc
- Bio-Key International has ROIC of -106.39%
- Arrival has ROIC of -106.23%
- Corvus Gold has ROIC of -106.16%
- Forum Metals has ROIC of -105.88%
- Bion Plc Ord Npv has ROIC of -105.65%
- AUX Resources has ROIC of -105.22%
- Acorda Therapeutics Inc has ROIC of -104.93%
- Nordic Nanovector ASA has ROIC of -104.81%
- Great Atlantic Resources has ROIC of -104.78%
- Pinehurst Capital II has ROIC of -104.67%
- AgEagle Aerial Systems has ROIC of -104.54%
- Oncolytics Biotech has ROIC of -104.29%
- Drone Delivery Canada has ROIC of -104.22%