Update To My DocuSign Writeup

Hello and good day. I made a mistake in my DocuSign writeup. I miscalculated returns on invested capital (ROIC). I forgot to include Total Equity as part of invested capital so the results were incorrect.

The original, incorrect ROIC calculation is shown below:

The updated, correct ROIC calculation is shown below:

ROIC was materially affected by excluding Total Equity. However, it has still been negative since going public although it is trending towards being positive as the years go by.

I have updated the writeup to include the correct ROIC calculations. Apologies for the mistake and have a great weekend!