IDEXX is the leading provider of diagnostics instruments, tests and services for the companion animal veterinary industry. The company serves veterinary practices by providing the necessary tools to diagnose illnesses and diseases. Diagnostics are becoming an increasingly larger contributor to the financials of their customers. As IDEXX’s diagnostic instruments and services become an essential part of veterinary practices, these customers tend to also adopt the company’s software offerings like practice management (ezyVet, Neo), order management (VetConnect Plus) and customer engagement (Vello).
Hi Deej, the way I get to ROIIC is change in adjusted operating cash / cumulative capital investments in capex, R&D and M&A. I do this over many years to get around the variance year to year.
can you show math of your ROIIC calc? Thanks!
Hi Deej, the way I get to ROIIC is change in adjusted operating cash / cumulative capital investments in capex, R&D and M&A. I do this over many years to get around the variance year to year.
right so I know the formula, I am inquiring as what numbers/years/methodology overlay you are using