3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Australian Zircon NL's 3-Year ROIIC % for the quarter that ended in Jun. 2015 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Australian Zircon NL's 3-Year ROIIC % or its related term are showing as below:
ASX:AZCCA's 3-Year ROIIC % is not ranked *
in the Metals & Mining industry.
Industry Median: -5.29 * Ranked among companies with meaningful 3-Year ROIIC % only.
Australian Zircon NL 3-Year ROIIC % Historical Data
The historical data trend for Australian Zircon NL's 3-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 Australian Zircon NL's 3-Year ROIIC %
For the Other Industrial Metals & Mining subindustry, Australian Zircon NL's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Australian Zircon NL's 3-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Australian Zircon NL's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Australian Zircon NL's 3-Year ROIIC % falls into.
Australian Zircon NL 3-Year ROIIC % Calculation
Australian Zircon NL's 3-Year ROIIC % for the quarter that ended in Jun. 2015 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -6.557 (Jun. 2015) - -1.638 (Jun. 2012) )
/
( 125.613 (Jun. 2015) - 93.384 (Jun. 2012) )
=
-4.919
/
32.229
=
-15.26%***
* 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 3-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.
Australian Zircon NL (ASX:AZCCA) 3-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.
Australian Zircon NL 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Australian Zircon NL's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Australian Zircon NL (ASX:AZCCA) Business Description
Australian Zircon NL is incorporated in Australia and was founded in 1994. The Company is engaged in mineral sands exploration and mining business. The Company focuses on developing the WIM150 mineral sands project located in the Wimmera region of western Victoria. It also holds interest in the EL 5460 exploration tenement located in the Horsham region, Victoria.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:AZCCA has been successfully added to your 