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1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. Tango Therapeutics's 1-Year ROIIC % for the quarter that ended in Jun. 2024 was 120.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tango Therapeutics's 1-Year ROIIC % or its related term are showing as below:
The historical data trend for Tango Therapeutics's 1-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tango Therapeutics Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
1-Year ROIIC % | - | 55.38 | -87.71 | 29.14 |
Tango Therapeutics Quarterly Data | ||||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
1-Year ROIIC % | Get a 7-Day Free Trial | -40.37 | 127.23 | 29.14 | 58.41 | 120.10 |
For the Biotechnology subindustry, Tango Therapeutics's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Tango Therapeutics's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tango Therapeutics's 1-Year ROIIC % falls into.
Tango Therapeutics's 1-Year ROIIC % for the quarter that ended in Jun. 2024 is calculated as:
1-Year ROIIC % | = | 1-Year Incremental Net Operating Profit After Taxes (NOPAT)** | / | 1-Year Incremental Invested Capital |
= | ( -132.6475 (Jun. 2024) - -114.1501 (Jun. 2023) ) | / | ( 80.59 (Jun. 2024) - 95.992 (Jun. 2023) ) | |
= | -18.4974 | / | -15.402 | |
= | 120.10%*** |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Tango Therapeutics (NAS:TNGX) 1-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Thank you for viewing the detailed overview of Tango Therapeutics's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Third Rock Ventures Iv, L.p. | 10 percent owner | 29 NEWBURY STREET, 3RD FLOOR, BOSTON MA 02116 |
Mva Investors, Llc | other: See remarks | 12860 EL CAMINO REAL, SUITE 300, SAN DIEGO CA 92130 |
Lesley Ann Calhoun | director | C/O GLOBAL BLOOD THERAPEUTICS, INC., 171 OYSTER POINT BOULEVARD, SUITE 300, SOUTH SAN FRANCISCO CA 94080 |
Douglas Barry | officer: See Remarks | TANGO THERAPEUTICS, INC., 100 BINNEY STREET, UNIT 700, CAMBRIDGE MA 02142 |
Adam Crystal | officer: See Remarks | C4 THERAPEUTICS, INC., 490 ARSENAL WAY, SUITE 200, WATERTOWN MA 02472 |
Barbara Weber | director, officer: Chief Executive Officer | C/O REVOLUTION MEDICINES, INC., 700 SAGINAW DRIVE, REDWOOD CITY CA 94063 |
Daniella Beckman | officer: Chief Financial Officer | C/O IDENIX PHARMACEUTICALS, INC., ONE KENDALL SQUARE, BLDG. 1400, CAMBRIDGE MA 02139 |
Boxer Capital, Llc | other: See remarks | 12860 EL CAMINO REAL, SUITE 300, SAN DIEGO CA 92130 |
Ecor1 Capital, Llc | 10 percent owner | 357 TEHAMA STREET #3, SAN FRANCISCO CA 94103 |
John B Ketchum | director | TANGO THERAPEUTICS, INC., 201 BROOKLINE AVE., SUITE 901, BOSTON MA 02215 |
Joseph Lewis | other: See remarks | PO BOX N7776, LYFORD BAHAMAS |
Trv Gp Vi, Llc | director | 201 BROOKLINE AVE., BOSTON MA 02215 |
Third Rock Ventures Gp Vi, L.p. | director | 201 BROOKLINE AVE, SUITE 1401, BOSTON MA 02215 |
Third Rock Ventures Vi, L.p. | director | 29 NEWBURY STREET, 3RD FLOOR, BOSTON MA 02116 |
Boxer Asset Management Inc. | other: See remarks | CAY HOUSE, EP TAYLOR DRIVE N7776, LYFORD CAY, NEW PROVIDENCE C5 00000 |
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