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ABVE (Above Food Ingredients) 1-Year ROIIC % : 0.00% (As of Jan. 2024)


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What is Above Food Ingredients 1-Year ROIIC %?

1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. Above Food Ingredients's 1-Year ROIIC % for the quarter that ended in Jan. 2024 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Above Food Ingredients's 1-Year ROIIC % or its related term are showing as below:

ABVE's 1-Year ROIIC % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 3.4
* Ranked among companies with meaningful 1-Year ROIIC % only.

Above Food Ingredients 1-Year ROIIC % Historical Data

The historical data trend for Above Food Ingredients's 1-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.

* Premium members only.

Above Food Ingredients 1-Year ROIIC % Chart

Above Food Ingredients Annual Data
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1-Year ROIIC %
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Above Food Ingredients Quarterly Data
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Competitive Comparison of Above Food Ingredients's 1-Year ROIIC %

For the Packaged Foods subindustry, Above Food Ingredients's 1-Year ROIIC %, along with its competitors' market caps and 1-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.

Above Food Ingredients's 1-Year ROIIC % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Above Food Ingredients's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Above Food Ingredients's 1-Year ROIIC % falls into.


Above Food Ingredients 1-Year ROIIC % Calculation

Above Food Ingredients's 1-Year ROIIC % for the quarter that ended in Jan. 2024 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( -29.426 (Jan. 2024) - -23.5813749 (Jan. 2023) )/( 126.785 (Jan. 2024) - 121.944 (Jan. 2023) )
=-5.8446251/4.841
=-120.73%***

* 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.

** TTM data of NOPAT and Invested Capital was used to calculate 1-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.

Above Food Ingredients  (NAS:ABVE) 1-Year ROIIC % Explanation

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.

Above Food Ingredients 1-Year ROIIC % Related Terms

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Above Food Ingredients Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Above Food Ingredients Inc (NAS:ABVE) » Definitions » 1-Year ROIIC %
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Traded in Other Exchanges
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Address
2305 Victoria Avenue, Saskatchewan, Regina, SK, CAN, S4P0S7
Website
https://www.abovefood.com
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.