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