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.
United Health Products's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 5,972.12%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for United Health Products's 3-Year ROIIC % or its related term are showing as below:
UEEC's 3-Year ROIIC % is ranked better than 99.63% of 820
companies
in the Medical Devices & Instruments industry
Industry Median: -1.765
vs UEEC: 5972.12
United Health Products 3-Year ROIIC % Historical Data
The historical data trend for United Health Products'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.
Competitive Comparison of United Health Products's 3-Year ROIIC %
For the Medical Instruments & Supplies subindustry, United Health Products'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.
United Health Products's 3-Year ROIIC % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, United Health Products's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where United Health Products's 3-Year ROIIC % falls into.
United Health Products 3-Year ROIIC % Calculation
United Health Products'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**
=
( -2.427 (Dec. 2023) - -14.849 (Dec. 2020) )
/
( 0.869 (Dec. 2023) - 0.661 (Dec. 2020) )
=
12.422
/
0.208
=
5,972.12%***
* 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.
** 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.
United Health Products (OTCPK:UEEC) 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.
United Health Products 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of United Health Products's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
United Health Products Inc is a United States-based company. It mainly manufactures and markets a patented hemostatic gauze for the healthcare and wound care sectors. The company's product HemoStyp is derived from regenerated oxidized cellulose, which is naturally designed to absorb exudate from superficial wounds and helps control bleeding. It markets its product to dental and medical markets as well as, sports, military and veterinary sectors, and others. The company's trademarks include Boo Boo Strips; The Ultimate Bandage; Hemostrips; CelluSTAT and Nik Fix.
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