Heritage Global Inc. ROIC

ROIC of HGBL for past 10 years: annual, quarterly and twelve month trailing (TTM) including ROIC growth rates and interactive chart. Return on invested capital (ROIC) is a calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. Calculated as Net Operating Profit After Tax or EBIT*(1-tax rate) divided by average invested capital. Invested capital is calculated as equity plus long-term and short-term debt minus cash and short-term investments. ROIC is often compared to the Weighted average cost of capital (WACC). If it's above it, it is said the company is creating value, if it's below it's destroying it. A company with after tax operating profit of $10 million and invested capital of $50 million will have a ROIC of 20%.


Highlights and Quick Summary

  • Annual ROIC for 2022 was 17.41% (a 111.29% increase from previous year)
  • Annual ROIC for 2021 was 8.24% (a -83.55% decrease from previous year)
  • Annual ROIC for 2020 was 50.08% (a 176.69% increase from previous year)
  • Twelve month ROIC ending September 30, 2023 was 16.12% (a -10.44% decrease compared to previous quarter)
  • Twelve month trailing ROIC decreased by -7.41% year-over-year
Trailing ROIC for the last four month:
30 Sep '23 30 Jun '23 31 Mar '23 31 Dec '22
16.12% 18.0% 21.67% 17.41%
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Historical ROIC of Heritage Global Inc.

Most recent ROICof HGBL including historical data for past 10 years.

Interactive Chart of ROIC of Heritage Global Inc.

Heritage Global Inc. ROIC for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2022 17.41%
2021 8.24%
2020 50.08%
2019 18.1%
2018 51.51%
2017 7.84%
2016 6.01%
2015 -133.76%
2014 -7.49%
2013 -4.56%
2012 -2.92%

Business Profile of Heritage Global Inc.

Sector: Financial
Industry: Capital Markets