Magellan Return on Invested Capital Trend from 2010 to 2022


USD 94.99  0.00  0.00%   

Magellan Health Return on Invested Capital yearly trend continues to be quite stable with very little volatility. Return on Invested Capital may rise above 0.25 this year. From the period between 2010 and 2022, Magellan Health, Return on Invested Capital regression line of its data series had standard deviation of 0.28 and standard deviation of  0.28. Magellan Health Net Income Common Stock is quite stable at the moment as compared to the past year. The company's current value of Net Income Common Stock is estimated at 474.4 Million. Weighted Average Shares is expected to rise to about 23.1 M this year, although the value of Direct Expenses will most likely fall to about 4 B.
Check Magellan Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magellan main balance sheet or income statement drivers, such as Direct Expenses of 4 B, Consolidated Income of 474.4 M or Cost of Revenue of 5 B, as well as many exotic indicators such as Interest Coverage of 6.81, Long Term Debt to Equity of 0.29 or Calculated Tax Rate of 29.48. Magellan financial statements analysis is a perfect complement when working with Magellan Health Valuation or Volatility modules. It can also supplement Magellan Health's financial leverage analysis and stock options assessment as well as various Magellan Health Technical models . Additionally, see Stocks Correlation.

Magellan Return on Invested Capital Breakdown

Showing smoothed Return on Invested Capital of Magellan Health with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Magellan Health's Return on Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Magellan Health's overall financial position and show how it may be relating to other accounts over time.
Return on Invested Capital10 Years Trend
Slightly volatile
   Return on Invested Capital   

Magellan Return on Invested Capital Regression Statistics

Arithmetic Mean 0.33
Geometric Mean 0.24
Coefficient Of Variation 82.67
Mean Deviation 0.22
Median 0.23
Standard Deviation 0.28
Sample Variance 0.08
Range 0.92
Mean Square Error 0.040004
R-Squared 0.52
Significance 0.005362
Total Sum of Squares 0.92

Magellan Return on Invested Capital History

2012 0.98
2013 0.51
2014 0.31
2015 0.12
2016 0.19
2017 0.15
2018 0.052
2019 0.068
2020 0.23
2021 0.21
2022 0.25

About Magellan Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Magellan Health income statement, its balance sheet, and the statement of cash flows. Magellan Health investors use historical funamental indicators, such as Magellan Health's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although Magellan Health investors may use each financial statement separately, they are all related. The changes in Magellan Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Magellan Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Magellan Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Magellan Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Invested Capital 0.21  0.25 
Invested Capital1.3 B1.2 B
Invested Capital Average1.8 BB
Market Capitalization2.4 B2.3 B
Working Capital1.6 B1.8 B
Magellan Health, Inc., together with its subsidiaries, provides healthcare management services in the United States. As of January 4, 2022, Magellan Health, Inc. operates as a subsidiary of Centene Corporation. Magellan Health operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. It employs 9000 people.

Magellan Health Investors Sentiment

The influence of Magellan Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Magellan. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Magellan Health Implied Volatility

Magellan Health's implied volatility exposes the market's sentiment of Magellan Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Magellan Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Magellan Health stock will not fluctuate a lot when Magellan Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Magellan Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Magellan Health's short interest history, or implied volatility extrapolated from Magellan Health options trading.

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Additionally, see Stocks Correlation. Note that the Magellan Health information on this page should be used as a complementary analysis to other Magellan Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Other Tools for Magellan Stock

When running Magellan Health price analysis, check to measure Magellan Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magellan Health is operating at the current time. Most of Magellan Health's value examination focuses on studying past and present price action to predict the probability of Magellan Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Magellan Health's price. Additionally, you may evaluate how the addition of Magellan Health to your portfolios can decrease your overall portfolio volatility.
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