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Invacare Corporation IVC
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Quarterly report 2023-Q1
added 05-16-2026

Invacare Corporation Financial Ratios 2022-2008 | IVC

Brief overview of Invacare Corporation's financial ratios

Current figures are compared with the company's own five-year history for 2015–2022.

The valuation comparison uses P/E 40.49x (median 40.49x), EV/EBITDA 0.53x (median 8.4x), P/S 0.13x (median 0.28x). The current ratio basket stands about 52.1% below the five-year comparison base. Earnings and risk trends should explain the discount.

At the current P/E, inverse earnings yield is 2.5%, a useful bridge between price and business earnings.

End-period return metrics are ROE -25.4%, ROA -2.7%, ROCE -99.2%. Current return ratios are negative, materially weakening the fundamental profile.

The cash conversion cycle increased 150.2 days to 213.6 days, weakening working-capital efficiency.

Valuation takeaway

Invacare Corporation trades below its own history, but weak profitability may explain the discount. Low multiples alone do not prove undervaluation.

Annual Financial Ratios Invacare Corporation

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

P/E

-1.2 40.5 -11.3 -4.8 -3.8 -7.7 -8.5 -18.5 -8.1 18.9 263.6 -128.0 - - -

P/S

0.1 0.3 0.4 0.3 0.2 0.6 0.3 0.4 0.4 0.5 0.3 0.3 - - -

EPS

-0.5 0.1 -0.8 -1.6 -1.3 -2.3 -1.3 -0.8 -1.8 1.0 0.1 -0.1 0.8 1.3 -

EV (Enterprise Value)

-34.7 M -5.28 M 215 M 721 M 578 M 1.06 B 723 M 799 M 816 M 1.02 B 1.08 B 1.15 B -48.5 M -37.5 M -47.5 M

EBITDA per Share

-1.78 -0.21 0.75 0.15 -0.08 -0.78 -0.02 0.32 -0.87 1.15 1.22 1.22 1.14 1.27 -

EV/EBITDA

0.5 0.7 8.4 139.9 -211.1 -41.5 -1247.0 76.6 -29.3 27.8 28.1 29.5 -1.3 -0.9 -

PEG

-0.01 0.05 -0.02 -0.01 -0.01 -0.01 0.1 0.3 0.22 0.01 -2.02 1.12 - - -

P/B

0.0 0.1 0.3 0.8 0.5 1.4 0.9 1.0 0.8 0.9 0.8 0.8 - - -

P/CF

-0.4 -5.5 14.6 93.9 -3.6 -23.0 -5.5 -38.4 -136.5 -166.0 12.6 7.0 - - -

ROE %

-25.37 0.89 -8.47 -17.29 -12.23 -18.08 -10.15 -5.66 -9.92 4.93 0.29 -0.66 3.88 5.87 -

ROA %

-2.67 0.21 -2.99 -6.26 -4.96 -7.18 -4.74 -3.12 -5.82 3.01 0.14 -0.32 1.98 - -

ROCE %

-99.23 -11.09 3.39 -1.64 -2.66 -4.74 -2.23 -1.32 -8.73 -2.97 3.16 7.27 - - -

Current Ratio

- - - 1.6 1.7 1.7 1.9 2.2 2.4 2.6 2.0 2.0 - - -

DSO

206.4 182.1 48.3 46.5 46.1 45.7 42.7 45.2 49.3 53.0 52.7 46.9 - - -

DIO

82.8 74.8 71.1 68.1 64.8 67.4 62.6 62.0 61.5 64.0 65.0 54.9 - - -

DPO

75.6 62.1 52.3 49.5 47.4 46.8 45.8 49.2 46.8 47.1 49.7 45.8 - - -

Operating Cycle

289.2 257.0 119.5 114.6 110.8 113.1 105.3 107.2 110.8 116.9 117.7 101.7 - - -

Cash Conversion Cycle

213.6 194.9 67.2 65.2 63.4 66.3 59.5 58.0 64.0 69.8 68.0 55.9 - - -

All numbers in USD currency

Quarterly Financial Ratios Invacare Corporation

2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

-1.08 - -0.92 -0.62 -0.69 0.06 -0.65 -0.31 -0.31 -0.15 -0.21 -0.48 0.02 -0.56 -0.24 -0.38 -0.42 -0.04 -0.36 -0.5 -0.43 -0.54 -0.57 -0.72 -0.52 -0.54 -0.15 -0.36 -0.27 -0.09 -0.24 -0.26 -0.23 -0.29 -0.47 -0.43 -0.56 -0.18 0.5 -0.39 1.1 -0.23 0.09 -0.06 0.26 -1.1 0.4 0.33 0.23

EBITDA per Share

-0.18 - -0.58 -0.19 -0.36 - -0.35 0.14 0.14 - 0.39 0.13 0.38 - 0.42 0.1 -0.02 - 0.2 0.03 -0.03 - 0.15 -0.26 -0.22 - 0.42 0.07 -0.04 - 0.46 0.14 0.03 - 0.83 0.57 0.3 - 0.89 0.59 0.28 - 0.91 0.61 0.3 - 0.86 0.57 0.27

ROE %

-159.67 -70.04 -69.15 -36.26 -25.20 -16.22 -18.64 -11.35 -13.04 -8.99 -13.52 -13.86 -12.20 -16.40 -10.69 -11.39 -11.85 -11.23 -15.06 -16.07 -17.30 -18.08 -18.08 -14.90 -11.83 -9.52 -5.98 -6.49 -5.70 -5.32 -6.35 -7.24 -7.69 -8.98 -8.18 -3.28 -3.12 4.96 4.65 2.69 4.31 0.25 -4.16 -2.79 -0.94 -1.04 1.84 1.52 1.19

ROA %

-15.43 -10.02 -9.81 -7.75 -6.14 -4.45 -5.21 -3.51 -4.29 -3.10 -4.75 -4.93 -4.52 -6.14 -4.09 -4.39 -4.53 -4.32 -5.83 -6.35 -7.05 -7.66 -7.95 -6.72 -5.60 -4.55 -2.95 -3.32 -3.05 -2.99 -3.62 -4.19 -4.53 -5.35 -4.90 -1.95 -1.80 2.91 2.86 1.61 2.56 0.12 -2.03 -1.34 -0.40 -0.45 0.92 0.78 0.58

ROCE %

-82.80 -60.06 -70.39 -30.38 -21.60 -12.82 -11.93 -2.34 2.00 3.25 4.01 1.77 1.23 -1.87 -3.30 -5.82 -5.68 -4.40 -5.75 -8.01 -8.87 -7.65 -7.09 -6.97 -4.43 -1.82 -1.78 -3.52 -3.16 -2.01 0.04 -1.18 -0.87 - - - - - - - - - - - - - - - -

DSO

47.0 - 45.8 47.6 50.7 47.0 48.2 48.8 46.3 44.3 43.7 47.4 47.4 45.5 45.5 45.9 48.4 43.8 44.6 46.6 46355.2 46.0 83663.3 230207.0 123867.2 44.7 158024.2 178625.0 228238.2 43.8 326817.3 348895.5 381654.3 46.8 432594.6 51.6 55.4 52.4 312163.9 249550.9 169781.7 57.7 138421.9 162376.5 70597.5 56.9 38343.7 84500.6 -

DIO

81.1 - 85.2 92.6 86.8 - 82.4 79.9 71.9 - 88.2 87.2 70.2 - 66.8 67.9 72.8 - 71.0 68.5 67.9 - 75.3 80.7 76.8 - 69.0 66.0 65.0 - 66.6 66.5 66.0 - 63.4 64.0 66.0 - 64.4 - - - - - - - - - -

DPO

66.5 - 68.1 75.3 74.8 - 61.4 61.0 54.1 - 59.7 64.1 52.4 - 47.7 46.5 50.9 - 48.4 47.7 49.5 - 42.7 48.9 49.5 - 47.0 47.2 50.0 - 48.0 51.5 51.5 - 47.2 48.0 49.6 - 44.0 - - - - - - - - - -

Operating Cycle

128.1 - 131.0 140.2 137.6 47.0 130.5 121.1 128.3 44.2 122.8 133.2 88.8 45.7 94278.2 89526.9 83684.8 44.7 128613.0 80407.6 45024.6 45.8 83728.7 233991.9 125498.9 43.0 134405.5 143480.5 206999.4 41.4 284963.8 290439.4 345685.9 44.2 370359.9 44501.8 234251.9 52.0 296813.0 232591.3 165193.6 51.1 109275.2 126850.9 62023.0 55.9 36204.2 81102.6 -

Cash Conversion Cycle

61.7 - 62.9 64.9 62.8 47.0 69.1 64.8 70.8 44.2 65.5 70.8 62.0 45.7 94230.4 89479.9 83633.9 44.7 128565.8 80360.5 44975.6 45.8 83682.8 233942.9 125449.9 43.0 134364.2 143440.6 206953.3 41.4 284917.5 290393.3 345637.3 44.2 370313.5 44455.3 234203.1 52.0 296769.1 232591.3 165193.6 51.1 109275.2 126850.9 62023.0 55.9 36204.2 81102.6 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Invacare Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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