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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Hvax Technologies's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2025 was 18.66%.
As of today (2026-07-30), Hvax Technologies's WACC % is 12.18%. Hvax Technologies's ROIC % is 18.66% (calculated using TTM income statement data).
Hvax Technologies generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Hvax Technologies (NSE:HVAX) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Hvax Technologies's WACC % is 12.18%. Hvax Technologies's ROIC % is 18.66% (calculated using TTM income statement data).
Hvax Technologies generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Hvax Technologies ROIC % Related Terms
Hvax Technologies ROIC % Historical Data
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The historical data trend for Hvax Technologies's ROIC % 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.
Hvax Technologies ROIC % Chart
Hvax Technologies Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
ROIC %
13.45
13.52
12.73
16.99
18.66
Hvax Technologies Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
ROIC %
13.45
13.52
12.73
16.99
18.66
NSE:HVAX vs GWW, FAST, FERG: ROIC % Comparison
For the Industrial Distribution subindustry, Hvax Technologies's ROIC %, along with its competitors' market caps and ROIC % 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.
Hvax Technologies ROIC % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Hvax Technologies's ROIC % distribution charts can be found below:
* The bar in red indicates where Hvax Technologies's ROIC % falls into.
Note:
The Operating Income data used here is one times the annual (Mar. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Hvax Technologies (NSE:HVAX) has a ROIC % of 18.66% as of Mar. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Hvax Technologies and its competitors.
Is Hvax Technologies' ROIC % too high?
Hvax Technologies' current ROIC % is 18.66%. The Industrial Distribution industry median ROIC % is 6.28. Hvax Technologies' value of 18.66% is 197.1% above this industry median. Overall, Hvax Technologies has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Hvax Technologies' ROIC % compare to GWW and FAST?
Hvax Technologies' ROIC % of 18.66% can be compared against companies in the Industrial Distribution industry. The industry median ROIC % is 6.28. Hvax Technologies' value of 18.66% is 197.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Industrial Distribution company?
The median ROIC % among Industrial Distribution companies is 6.28, based on 157 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hvax Technologies's current ROIC % of 18.66% is 197.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Hvax Technologies and its competitors. For the Industrial Distribution industry, the median ROIC % is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hvax Technologies's current ROIC % is 18.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hvax Technologies stock overvalued right now?
Hvax Technologies (NSE:HVAX) has a current ROIC % of 18.66%. The current ROIC % is 18.66% and 197.1% above the Industrial Distribution industry median of 6.28. Hvax Technologies' overall GF Score™ is 18/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Hvax Technologies (NSE:HVAX), the current ROIC % is 18.66% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.
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