Astra ROIC
What is the ROIC of Astra?
The ROIC of Astra Energy Inc. is -36.85%
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 Astra
What does Astra do?
Astra Energy Inc. provides scallop farming and marine hatchery services. It involves in farming, processing, and marketing marine species, such as scallops and sablefish in the west coast of North America. The company's product includes ÂQualicum Beach Scallop', which is a hybrid of the imported Japanese scallop and the local weathervane scallop. It also produces various shellfish seed species, including the Pacific oyster, eastern blue mussel, Mediterranean mussel, and geoduck clam that are sold to third party shellfish farmers. In addition, the company provides consulting, research and development, and custom processing and marketing services, as well as offers aquaculture equipment. The company was founded in 1989 and is based in North Las Vegas, Nevada
Companies with roic similar to Astra
- 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%
- Astra has ROIC of -36.85%
- e-Therapeutics Plc has ROIC of -36.82%
- Adaptimmune Therapeutics Plc has ROIC of -36.80%
- Replimune Inc has ROIC of -36.80%
- Immutep has ROIC of -36.74%
- Immutep has ROIC of -36.74%
- SiteMinder has ROIC of -36.71%