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.
Microbot Medical's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 221.82%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Microbot Medical's 3-Year ROIIC % or its related term are showing as below:
MBOT's 3-Year ROIIC % is ranked better than 94.57% of 828
companies
in the Medical Devices & Instruments industry
Industry Median: -1.46
vs MBOT: 221.82
Microbot Medical 3-Year ROIIC % Historical Data
The historical data trend for Microbot Medical'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 Microbot Medical's 3-Year ROIIC %
For the Medical Instruments & Supplies subindustry, Microbot Medical'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.
Microbot Medical's 3-Year ROIIC % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Microbot Medical's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Microbot Medical's 3-Year ROIIC % falls into.
Microbot Medical 3-Year ROIIC % Calculation
Microbot Medical'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**
=
( -10.136 (Dec. 2023) - -9.089 (Dec. 2020) )
/
( 1.624 (Dec. 2023) - 2.096 (Dec. 2020) )
=
-1.047
/
-0.472
=
221.82%***
* 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.
Microbot Medical (NAS:MBOT) 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.
Microbot Medical 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Microbot Medical's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Microbot Medical (Microbot Medical) Business Description
Microbot Medical Inc is a pre-clinical medical device company. It specializes in developing next-generation micro-robotic medical technologies that can change the future of medicine. Their vision is to improve the quality of life of millions of patients globally by advancing micro-robotic technologies to perform surgical procedures and offer physicians and their patients less invasive and more precise solutions. The company's innovative platforms LIBERTY and Self-Cleaning Shunt (SCS) are in one of the fastest-growing segments in healthcare. The group continuously develops its technology with the goal to improve surgical outcomes worldwide. The firm presently holds domestic and global patents that strengthen its product portfolio and create barriers of entry.
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