Workhorse ROIC
What is the ROIC of Workhorse?
The ROIC of Workhorse Group Inc. is -39.30%
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 Miscellaneous sector on LSE compared to Workhorse
What does Workhorse do?
Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. It offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Companies with roic similar to Workhorse
- Ayala Pharmaceuticals has ROIC of -39.36%
- Cranstown Capital has ROIC of -39.34%
- Copper Lake Resources has ROIC of -39.32%
- Aclaris Therapeutics Inc has ROIC of -39.31%
- Planet Green Corp has ROIC of -39.31%
- Silence Therapeutics Plc has ROIC of -39.30%
- Workhorse has ROIC of -39.30%
- Radha Madhav has ROIC of -39.29%
- Radha Madhav has ROIC of -39.29%
- Olema Pharmaceuticals has ROIC of -39.24%
- Cidara Therapeutics Inc has ROIC of -39.24%
- Delivra Health Brands Inc has ROIC of -39.23%
- Baltic I Acquisition has ROIC of -39.22%