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Adit EdTech Acquisition Cor
NYSE:ADEX

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Adit EdTech Acquisition Cor Logo
Adit EdTech Acquisition Cor
NYSE:ADEX
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Price: 5.38 USD Market Closed
Updated: Mar 29, 2024

ROIC
Return on Invested Capital

13.6%
Current
1%
Average
-1.2%
Industry
Positive for the last year
13.6%
Positive average
1%
Better than average
Better than industry value

ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.

ROIC
13.6%
=
NOPAT
20.5m
/
Invested Capital
26.3m

ROIC Across Competitors

ROIC Comparison
Adit EdTech Acquisition Cor Competitors

Country US
Market Cap 50.4m USD
ROIC
14%
Country CA
Market Cap 576.3B CAD
ROIC
-34%
Country MY
Market Cap 1.6T MYR
ROIC
-1%
Country US
Market Cap 301B USD
ROIC N/A
Country US
Market Cap 270.6B USD
ROIC
21 158%
Country NL
Market Cap 79.4B Zac
ROIC
6%
Country US
Market Cap 55.5B USD
ROIC N/A
Country US
Market Cap 55.2B USD
ROIC
-19%
Country IN
Market Cap 4.6T INR
ROIC
13%
Country US
Market Cap 53.9B USD
ROIC N/A
Country ID
Market Cap 629.3T IDR
ROIC N/A

ROIC Distribution

ROIC Distribution
N/A Industry

Profitability Report

View the profitability report to see the full profitability analysis for Adit EdTech Acquisition Cor.

See Also

Discover More
What is Return on Invested Capital?

ROIC, or Return on Invested Capital, tells you how good a company is at turning its invested money into profits. In simple terms, ROIC shows how many dollars of profit the company makes for each dollar it has invested. A higher ROIC usually means the company is using its money wisely to grow and make more profits, which is a good sign for investors.

ROIC
13.6%
=
NOPAT
20.5m
/
Invested Capital
26.3m
What is the ROIC of Adit EdTech Acquisition Cor?

Based on Adit EdTech Acquisition Cor's most recent financial statements, the company has ROIC of 13.6%.