Cash Return On Invested Capital
This screen is designed to identify turnaround stocks by searching for companies where CROIC has been increasing for 3 years.
CROIC and ROIC are ratios to determine the profitability and effectiveness of a company.
CROIC = FCF/Invested Capital
ROIC = NOPAT/Invested Capital
CROIC uses FCF in the calculation which is a safer and better method to understand management effectiveness.
Read more: CROIC and ROIC stock screen backtest
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