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Laboratory Corporation of America Holdings
NYSE:LH

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Laboratory Corporation of America Holdings Logo
Laboratory Corporation of America Holdings
NYSE:LH
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Price: 199.49 USD -0.25%
Updated: Apr 26, 2024

ROIC
Return on Invested Capital

4.4%
Current
11%
Average
2.2%
Industry

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
4.4%
=
NOPAT
751.4m
/
Invested Capital
17.1B

ROIC Across Competitors

ROIC Comparison
Laboratory Corporation of America Holdings Competitors

Country US
Market Cap 16.7B USD
ROIC
4%
Country US
Market Cap 103.4B USD
ROIC
7%
Country US
Market Cap 96.6B EUR
ROIC
7%
Country US
Market Cap 86.4B USD
ROIC
6%
Country DE
Market Cap 22.2B EUR
ROIC
3%
Country DE
Market Cap 15.4B EUR
ROIC
1%
Country US
Market Cap 15B USD
ROIC
8%
Country DE
Market Cap 11B EUR
ROIC
3%
Country US
Market Cap 11.7B USD
ROIC
8%
Country US
Market Cap 9.5B USD
ROIC
-35%
Country US
Market Cap 8.6B USD
ROIC
21%

Profitability Report

View the profitability report to see the full profitability analysis for Laboratory Corporation of America Holdings.

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
4.4%
=
NOPAT
751.4m
/
Invested Capital
17.1B
What is the ROIC of Laboratory Corporation of America Holdings?

Based on Laboratory Corporation of America Holdings's most recent financial statements, the company has ROIC of 4.4%.