Lundin Ab Spon Adr Each ROIC
What is the ROIC of Lundin Ab Spon Adr Each?
The ROIC of Lundin Energy Ab Spon Adr Each is -0.25%
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 Energy sector on OTC compared to Lundin Ab Spon Adr Each
What does Lundin Ab Spon Adr Each do?
Lundin Energy AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2020, it had proved plus probable net reserves of 671 million barrels of oil equivalent (MMboe); and proved plus probable plus possible net reserves of 826 MMboe. The company was formerly known as Lundin Petroleum AB (publ) and changed its name to Lundin Energy AB (publ) in March 2020. Lundin Energy AB (publ) was incorporated in 2001 and is headquartered in Stockholm, Sweden.
Companies with roic similar to Lundin Ab Spon Adr Each
- Ether Capital has ROIC of -0.25%
- Indian Metals and Ferro Alloys has ROIC of -0.25%
- Indian Metals and Ferro Alloys has ROIC of -0.25%
- Qualstar Corp has ROIC of -0.25%
- Atlantic Acquisition Units has ROIC of -0.25%
- 5G Networks has ROIC of -0.25%
- Lundin Ab Spon Adr Each has ROIC of -0.25%
- BSEL Infrastructure Realty has ROIC of -0.25%
- Bespoke Capital Acquisition has ROIC of -0.25%
- ADF has ROIC of -0.24%
- G3 Exploration has ROIC of -0.24%
- Semiconductor Manufacturing International has ROIC of -0.24%
- Axon Enterprise Inc has ROIC of -0.24%