Neovasc Inc. ROIC

ROIC of NVCN 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 2021 was -202.52% (a -Infinity% decrease from previous year)
  • Annual ROIC for 2020 was 0.0% (a NaN% decrease from previous year)
  • Annual ROIC for 2019 was 0.0% (a NaN% decrease from previous year)
  • Twelve month ROIC ending March 31, 2022 was -147.97% (a -26.94% decrease compared to previous quarter)
  • Twelve month trailing ROIC decreased by -41.5% year-over-year
Trailing ROIC for the last four month:
31 Mar '22 31 Dec '21 30 Sep '21 30 Jun '21
-147.97% -202.52% -203.86% -252.93%
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Historical ROIC of Neovasc Inc.

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

Interactive Chart of ROIC of Neovasc Inc.

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

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 -202.52%
2020 0.0%
2019 0.0%
2018 0.0%
2017 0.0%
2016 0.0%
2015 -605.35%
2014 -405.1%
2013 -180.44%
2012 -164.44%
2011 -134.72%

Business Profile of Neovasc Inc.

Sector: Healthcare
Industry: Medical Devices
Neovasc Inc., a specialty medical device company, develops, manufactures, and markets products for cardiovascular marketplace in Europe and internationally. Its products include the Tiara technology for the transcatheter treatment of mitral valve disease; and the Neovasc Reducer for the treatment of refractory angina. The company was formerly known as Medical Ventures Corp. and changed its name to Neovasc Inc. in July 2008. Neovasc Inc. was incorporated in 2000 and is headquartered in Richmond, Canada.