Ginvested_capital (For Competitive Moat Advantage Firm) & Ginvested_capital (For Non-Competitive Moat Advantage Firm) During Initial Aggressive Expansion and Mature Phases
Ginvested_capital During Aggressive Expansion and Mature Phases
Subject : Ginvested_capital (For Competitive Moat Advantage Firm) & Ginvested_capital (For Non-Competitive Moat Advantage Firm) During Initial Aggressive Expansion and Mature Phases
.
:: Logical Hypothesis ::
.
(A)
During Initial Aggressive Expansion Phase :
(A1)
Ginvested_capital (For All Firms)
= Multiple Times of CTAC or CICC
.
(B)
During Mature Phase :
Ginvested_capital (For Non-Competitive Moat Advantage Firm)
= Multiple Times of CTAC or CICC
= The Same
&
High NetROIC is unsustainable for Non-Competitive Moat Advantage Firm.
.
(II)
CTAC ≤ Ginvested_capital (For Competitive Moat Advantage Firm) ≤ CICC
&
High NetROIC is sustainable for Competitive Moat Advantage Firm