3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Addus HomeCare's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 18.33%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Addus HomeCare's 3-Year ROIIC % or its related term are showing as below:
ADUS's 3-Year ROIIC % is ranked better than 71.88% of 601
companies
in the Healthcare Providers & Services industry
Industry Median: 2.3
vs ADUS: 18.33
Addus HomeCare 3-Year ROIIC % Historical Data
The historical data trend for Addus HomeCare's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Addus HomeCare's 3-Year ROIIC %
For the Medical Care Facilities subindustry, Addus HomeCare's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Addus HomeCare's 3-Year ROIIC % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Addus HomeCare's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Addus HomeCare's 3-Year ROIIC % falls into.
Addus HomeCare 3-Year ROIIC % Calculation
Addus HomeCare's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 69.9178772 (Dec. 2023) - 35.16053 (Dec. 2020) )
/
( 854.787 (Dec. 2023) - 665.191 (Dec. 2020) )
=
34.7573472
/
189.596
=
18.33%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Addus HomeCare 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Addus HomeCare's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Addus HomeCare (Addus HomeCare) Business Description
Addus HomeCare Corp is engaged in the provision of in-home personal care services. It operates through the following segments: Personal care segment, which is a key revenue driver, provides non-medical assistance with activities of daily living, primarily to persons who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. The Hospice segment provides physical, emotional and spiritual care for people who are terminally ill and their families. Its Home health segment provides services that are primarily medical in nature to those individuals who may require assistance during an illness or after surgery.
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