What is Evolv Technologies Holdings 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.
Evolv Technologies Holdings's 1-Year ROIIC % for the quarter that ended in Jun. 2024 was 20.19%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Evolv Technologies Holdings's 1-Year ROIIC % or its related term are showing as below:
EVLV's 1-Year ROIIC % is ranked better than 64.94% of 944
companies
in the Business Services industry
Industry Median: 4.115
vs EVLV: 20.19
Evolv Technologies Holdings 1-Year ROIIC % Historical Data
* 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 Evolv Technologies Holdings's 1-Year ROIIC %
For the Security & Protection Services subindustry, Evolv Technologies Holdings'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.
Evolv Technologies Holdings's 1-Year ROIIC % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Evolv Technologies Holdings's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Evolv Technologies Holdings's 1-Year ROIIC % falls into.
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( -86.722 (Jun. 2024) - -98.487 (Jun. 2023) )
/
( 190.575 (Jun. 2024) - 132.314 (Jun. 2023) )
=
11.765
/
58.261
=
20.19%***
* 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.
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.
Evolv Technologies Holdings 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Evolv Technologies Holdings's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.
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