10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Oceanic Iron Ore's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 70.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Oceanic Iron Ore's 10-Year ROIIC % or its related term are showing as below:
FEOVF's 10-Year ROIIC % is ranked better than 90.44% of 2133
companies
in the Metals & Mining industry
Industry Median: -3.36
vs FEOVF: 70.24
Oceanic Iron Ore 10-Year ROIIC % Historical Data
The historical data trend for Oceanic Iron Ore's 10-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Oceanic Iron Ore's 10-Year ROIIC %
For the Other Industrial Metals & Mining subindustry, Oceanic Iron Ore's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Oceanic Iron Ore's 10-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oceanic Iron Ore's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Oceanic Iron Ore's 10-Year ROIIC % falls into.
Oceanic Iron Ore 10-Year ROIIC % Calculation
Oceanic Iron Ore's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( -0.426 (Dec. 2023) - -2.5863408 (Mar. 2013) )
/
( 33.204 (Dec. 2023) - 40.597 (Mar. 2013) )
=
2.1603408
/
-7.393
=
-29.22%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Oceanic Iron Ore (OTCPK:FEOVF) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Oceanic Iron Ore 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Oceanic Iron Ore's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oceanic Iron Ore (Oceanic Iron Ore) Business Description
Oceanic Iron Ore Corp is an exploration-stage company. It is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The company focuses on the operations of the Ungava Bay iron property in Nunavik, Quebec which consists of three project areas: Hopes Advance, Morgan Lake, and Roberts Lake.
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