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.
Better Choice Co's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -18.97%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Better Choice Co's 3-Year ROIIC % or its related term are showing as below:
BTTR's 3-Year ROIIC % is ranked worse than 75.03% of 1814
companies
in the Consumer Packaged Goods industry
Industry Median: 1.775
vs BTTR: -18.97
Better Choice Co 3-Year ROIIC % Historical Data
The historical data trend for Better Choice Co'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 Better Choice Co's 3-Year ROIIC %
For the Packaged Foods subindustry, Better Choice Co'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.
Better Choice Co's 3-Year ROIIC % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Better Choice Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Better Choice Co's 3-Year ROIIC % falls into.
Better Choice Co 3-Year ROIIC % Calculation
Better Choice Co'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**
=
( -12.6482647 (Dec. 2023) - -27.322 (Dec. 2020) )
/
( 5.647 (Dec. 2023) - 83.015 (Dec. 2020) )
=
14.6737353
/
-77.368
=
-18.97%***
* 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.
Better Choice Co (AMEX:BTTR) 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.
Better Choice Co 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Better Choice Co's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Better Choice Co (Better Choice Co) Business Description
Better Choice Co Inc is a pet health and wellness portfolio company, offering consumers a wide variety of recognized premium pet products and hemp-derived CBD supplements. Its portfolio includes kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products, supplements and grooming aids. Its core products sold under the Halo brand are sustainably sourced, derived from real whole meat and no rendered meat meal and include non-GMO fruits and vegetables. Its core products sold under the TruDog brand are made according to nutritional philosophy of fresh, meat-based nutrition and minimal processing. The company manages its entire business in one operating segment.
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