Investing in Stocks: How to Calculate ROE, ROA, ROIC and ROIIC

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[@pierrec8397]

Gongratulations on the anniversary! Keep up the great work and I hope you get to celebrate.

[@FocusedCompounding]

Thanks so much for following along, Pierre!

[@tourniquet3306]

This is brilliant! Thanks a lot!
Could you tell me what "accounting change" you are referring to?

[@vijaymalhotra5908]

Hope the late reply helps, but I'm assuming it refers to the change in the treatment of operating leases, which are now capitalised and mentioned on the balance sheet.

[@sshah02]

When you are adding the depreciation back to to the PP&E for invested capital, don't you also have to add it back to the income?

[@jamesgooding5605]

is there a way to practically use the ROIC when the total capital ends up being negative because of more C&CE + Investments than Equity and Debt (usually neg equity) other than just saying it's negative and it has infinite returns? Like is there a way to compare 2 companies with neg total capital (and therefore neg ROIC) from an ROIC perspective?

[@kidze73]

Hi, if I use the net working capital + fixed asset + goodwill I can get negative number sometimes since I don’t include cash and investment and the current liabilities are too much. Am I doing something wrong?

[@UrbanJournal]

The company likely has some type of float. (Of course, assuming the company’s profitable) The company likely gets lots of deferred revenue.

[@professordrabhijitsayamber2299]

Om shanti k good day please