CHHHF (CareRx) 3-Year ROIIC % : 10.08% (As of Dec. 2023)

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What is CareRx 3-Year ROIIC %?

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. CareRx's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 10.08%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for CareRx's 3-Year ROIIC % or its related term are showing as below:

CHHHF's 3-Year ROIIC % is ranked better than
65.81% of 620 companies
in the Healthcare Providers & Services industry
Industry Median: 1.69 vs CHHHF: 10.08

CareRx 3-Year ROIIC % Historical Data

The historical data trend for CareRx'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.

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CareRx 3-Year ROIIC % Chart

CareRx Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

3-Year ROIIC %

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13.10

3.62

49.16

13.81

10.08

CareRx Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
3-Year ROIIC %	Get a 7-Day Free Trial															-	10.08	-	-	-

Competitive Comparison of CareRx's 3-Year ROIIC %

For the Medical Care Facilities subindustry, CareRx'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.

CareRx's 3-Year ROIIC % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareRx's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where CareRx's 3-Year ROIIC % falls into.

CareRx 3-Year ROIIC % Calculation

CareRx'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^**
	=	( 3.0339338 (Dec. 2023) - -0.933984 (Dec. 2020) )	/	( 135.298 (Dec. 2023) - 100.929 (Dec. 2020) )
	=	3.9679178	/	34.369
	=	11.55%^***

** 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.

CareRx (OTCPK:CHHHF) 3-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.

CareRx 3-Year ROIIC % Related Terms

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CareRx Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareRx Corp (OTCPK:CHHHF) » Definitions » 3-Year ROIIC %

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CRRX:Canada

Address

320 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 4A6

Website

https://www.carerx.ca

CareRx Corp is a provider of specialty pharmacy services to seniors. The company is a national organization with a large network of pharmacy fulfilment centers strategically located across the country. This allows it to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. It takes an active role in working with its home operator partners to promote resident health, staff education, and medication system quality and efficiency. The Company has one reportable segment which consists of the Company-owned and operated institutional pharmacy business. Geographically it derives revenue from the sales of goods and capitated service fees in Ontario and Western Canada.