What is moic?

MOIC typically stands for "Multiple on Invested Capital." It is a financial metric used to assess the return on an investment relative to the initial amount of capital invested. Essentially, MOIC is a ratio that compares the total value of an investment (including any cash flows received) to the original amount of money invested. It is commonly used in private equity and venture capital to evaluate the performance of investments over time.

For example, if an investment returns a total of $300,000 and the original investment was $100,000, the MOIC would be 3.0x. This indicates that the investor received three times their initial investment.

MOIC is a straightforward measure, but it does not take into account the time value of money. Therefore, it is often used in conjunction with other metrics like the internal rate of return (IRR) to provide a more complete picture of investment performance.