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.
Tung Ho Steel Enterprise's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 19.25%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tung Ho Steel Enterprise's 10-Year ROIIC % or its related term are showing as below:
LUX:TNGHS's 10-Year ROIIC % is ranked better than 74.4% of 586
companies
in the Steel industry
Industry Median: 5.445
vs LUX:TNGHS: 19.25
Tung Ho Steel Enterprise 10-Year ROIIC % Historical Data
* 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 Tung Ho Steel Enterprise's 10-Year ROIIC %
For the Steel subindustry, Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise's 10-Year ROIIC % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's 10-Year ROIIC % falls into.
Tung Ho Steel Enterprise 10-Year ROIIC % Calculation
Tung Ho Steel Enterprise'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)**
* 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.
Tung Ho Steel Enterprise (LUX:TNGHS) 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.
Tung Ho Steel Enterprise 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tung Ho Steel Enterprise (LUX:TNGHS) Business Description
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LUX:TNGHS has been successfully added to your 