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-77.57%Cash Return on Invested Capital
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$ 0.39Close
$ 0.23 - $ 1.32 52-Week Range
Ticker Information
Ticker
CODXCompany Name
CO-DIAGNOSTICS INCSector
HealthcareIndustry
Medical DevicesExchange
NASDAQCO-DIAGNOSTICS INC - Cash Return on Invested Capital Chart Analysis (TTM)
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CODX - CROIC Historical data
| Date | Cash Return on Invested Capital | Free Cash Flow | Invested Capital |
|---|---|---|---|
| 6/30/2025 | -77.57% | $ -33.23M | $ 42.84M |
| 3/31/2025 | -59.87% | $ -29.85M | $ 49.85M |
| 12/31/2024 | -52.96% | $ -29.9M | $ 56.46M |
| 9/30/2024 | -40.58% | $ -26.84M | $ 66.15M |
| 6/30/2024 | -35.04% | $ -26.27M | $ 74.98M |
| 3/31/2024 | -32.86% | $ -26.66M | $ 81.14M |
| 12/31/2023 | -26.34% | $ -23.45M | $ 89M |
| 9/30/2023 | -21.95% | $ -22.51M | $ 102.53M |
| 6/30/2023 | -13.86% | $ -14.79M | $ 106.66M |
| 3/31/2023 | -7.12% | $ -7.95M | $ 111.57M |
Key Performance Insights, Last 5 Years
- CO-DIAGNOSTICS INC's latest trailing twelve months (TTM) CROIC stands at 11.85%.
- Over the past 5 years, CO-DIAGNOSTICS INC's average CROIC has been -3.02%.
- The median CROIC for CO-DIAGNOSTICS INC during this period was -1.32%
- CO-DIAGNOSTICS INC reached its highest CROIC over the past 5 years at 59.88%.
- The lowest CROIC recorded by CO-DIAGNOSTICS INC in the same timeframe -77.57%
CO-DIAGNOSTICS INC's CROIC vs. competitors
We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue
CROIC Benchmarks
Similar metrics to Inv. Capital:
- Return on Invested Capital - [Calculation] Return on Invested Capital (ROIC) measures how well a company allocates its invested capital to profitable projects and/or investments. It is calculated as net income [NetIncCmn] divided by invested capital [InvCapital].
- Invested Capital - [Calculation] Invested Capital is the total amount of money raised by a business in the form [Equity] and/or [Debt].
- Capital Expenditures to Operating Cash Flow - [Calculation] The CapEx to Operating Cash Flow ratio, measures how much of a company’s operating cash flow is reinvested into productive [Assets]. It is capital expenditures [CapEx] divided by net operating cash flow [NCFO].
- Capital Expenditures Margin - [Calculation] The CapEx Margin, also named Capex to Revenue Ratio, measures how much of a company’s revenue is reinvested into productive [Assets]. It is capital expenditures [CapEx] divided by [Revenue].
- Price to Free Cash Flow - [Calculation] Measures a company’s [MarketCap] in relation to its Free Cash Flow [FCF].
Definition of Cash Return on Invested Capital
[Calculation] Cash Return on Invested Capital (CROIC) measures how well a company uses its invested capital to produce cash. It is calculated as Free Cash Flow [FCF] divided by invested capital [InvCapital].FCF / Inv. Capital
(=) CROIC CROIC for CO-DIAGNOSTICS INC is calculated as follows: FCF [ $ 6.25M ] / Inv. Capital [ $ 52.78M ]
(=) CROIC [ 11.85% ] CODX - Cash Return on Invested Capital, Last 5 years
-77.57%
Minimum
Jun 30, 2025
59.88%
Maximum
Jun 30, 2021
-3.02%
Average
-1.32%
Median
CROIC Benchmark AnalysisMarket
The chart above depicts the distribution of CROIC for companies in the Total Stock Market. The average CROIC of the companies is 2.84% with a standard deviation of 15.02%.
The following table provides additional summary stats:
CROIC in the Market:
| filtered constituents | 3.46K |
|---|---|
| min | -43.78% |
| max | 49.57% |
| average | 2.84% |
| median | 5.02% |
| std | 15.02% |