iRhythm Holdings (IRTC) Return on Invested Capital (2018 - 2022)
iRhythm Holdings (IRTC) posted quarterly Return on Invested Capital of 0.07% for Q3 2022, down 5.0% year-over-year from 0.08% in Q3 2021, and down 63.83% quarter-over-quarter from 0.04% in Q2 2022.
iRhythm Holdings (IRTC) Return on Invested Capital (2018 - 2022) Analysis & Trends
iRhythm Holdings (IRTC) has reported Return on Invested Capital for 4 consecutive years, with 0.07% the latest figure, recorded in Q3 2022.
- In Q3 2022, Return on Invested Capital fell 5.0% year-over-year to 0.07%; the TTM figure through Sep 2022 stood at 0.07% (down 5.0% YoY), while the FY2021 annual figure was 0.09%, down 2.0% from the prior year.
- Return on Invested Capital fell to 0.07% in Q3 2022 per IRTC's latest filing, from 0.04% in the prior quarter.
- Across five years, Return on Invested Capital topped out at 0.01% in Q2 2021 and bottomed at 0.2% in Q4 2018.
- Historically, Return on Invested Capital has averaged 0.05% across 4 years, with a median of 0.03% in 2020.
- Annual changes were most pronounced in 2021 — Return on Invested Capital advanced 11 bps — and 2022, when it decreased 5 bps.
- iRhythm Holdings' Return on Invested Capital stood at 0.2% in 2018, then surged by 93 bps to 0.01% in 2020, then slumped by 48 bps to 0.02% in 2021, then tumbled by 234 bps to 0.07% in 2022.
- Business Quant data shows IRTC's Return on Invested Capital at 0.07% in Q3 2022, 0.04% in Q2 2022, and 0.03% in Q1 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 0.01% |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 0.01% |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 0.01% |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 0.00% |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | - |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | - |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 0.01% |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | 0.00% |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 0.04% |
| 10 | iRhythm Holdings | 4.23 Bn | 3.64 Bn | 163.21 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2022 | -0.07% |
| Jun 30, 2022 | -0.04% |
| Mar 31, 2022 | -0.03% |
| Dec 31, 2021 | -0.02% |
| Sep 30, 2021 | -0.02% |
| Jun 30, 2021 | -0.01% |
| Mar 31, 2021 | -0.02% |
| Dec 31, 2020 | -0.01% |
| Sep 30, 2020 | -0.03% |
| Jun 30, 2020 | -0.06% |
| Mar 31, 2020 | -0.13% |
| Dec 31, 2018 | -0.20% |