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.
China Health Group's 3-Year ROIIC % for the quarter that ended in Mar. 2023 was 146.98%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for China Health Group's 3-Year ROIIC % or its related term are showing as below:
HKSE:00673's 3-Year ROIIC % is ranked better than 96.7% of 91
companies
in the Medical Distribution industry
Industry Median: 1.14
vs HKSE:00673: 146.98
China Health Group 3-Year ROIIC % Historical Data
The historical data trend for China Health Group'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 China Health Group's 3-Year ROIIC %
For the Medical Distribution subindustry, China Health Group'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.
China Health Group's 3-Year ROIIC % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, China Health Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where China Health Group's 3-Year ROIIC % falls into.
China Health Group 3-Year ROIIC % Calculation
China Health Group's 3-Year ROIIC % for the quarter that ended in Mar. 2023 is calculated as:
3-Year ROIIC %
=
3-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 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.
China Health Group (HKSE:00673) 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.
China Health Group 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of China Health Group's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Health Group (HKSE:00673) Business Description
China Health Group Ltd is an investment holding company. It is principally engaged in the distribution and service of medical equipment and consumables, provision of hospital operation and management service, and business factoring. It operates in the business in three segments Distribution and service in medical equipment and consumables; Hospital operation and management services and Business factoring service. It derives a majority of revenue from the Distribution and service in the medical equipment and consumables segment. Geographically the group's locations are located in the PRC.
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