GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cannabix Technologies Inc (STU:8CT) » Definitions » 1-Year ROIIC %

Cannabix Technologies (STU:8CT) 1-Year ROIIC % : 5,341.94% (As of Jul. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Cannabix Technologies 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. Cannabix Technologies's 1-Year ROIIC % for the quarter that ended in Jul. 2024 was 5,341.94%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

STU:8CT's 1-Year ROIIC % is ranked better than
99.04% of 833 companies
in the Medical Devices & Instruments industry
Industry Median: 1.87 vs STU:8CT: 5341.94

Cannabix Technologies 1-Year ROIIC % Historical Data

The historical data trend for Cannabix Technologies'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.

Cannabix Technologies 1-Year ROIIC % Chart

Cannabix Technologies Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.58 -11,145.45 -24,641.67 568.53 -2,540.00

Cannabix Technologies Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
1-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 493.42 627.73 154.55 -2,540.00 5,341.94

Competitive Comparison of Cannabix Technologies's 1-Year ROIIC %

For the Medical Devices subindustry, Cannabix Technologies'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.


Cannabix Technologies's 1-Year ROIIC % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cannabix Technologies's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Cannabix Technologies's 1-Year ROIIC % falls into.



Cannabix Technologies 1-Year ROIIC % Calculation

Cannabix Technologies's 1-Year ROIIC % for the quarter that ended in Jul. 2024 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( -2.699 (Jul. 2024) - -1.616 (Jul. 2023) )/( 0.288 (Jul. 2024) - 0.315 (Jul. 2023) )
=-1.083/-0.027
=4,011.11%***

* 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.


Cannabix Technologies  (STU:8CT) 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.


Cannabix Technologies 1-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of Cannabix Technologies's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cannabix Technologies Business Description

Traded in Other Exchanges
Address
3292 Production Way, Suite 501, Burnaby, BC, CAN, V5A 4R4
Cannabix Technologies Inc development of the Cannabix marijuana breathalyzer. It is a developer of marijuana and alcohol breathalyzer technologies for law enforcement, workplaces, and laboratories. Its technology includes the THC Breathalyzer System, Breath Logix Alcohol Breathalyzer, and Breath Logix Vehicle.

Cannabix Technologies Headlines

No Headlines