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.
Wang On Group's 3-Year ROIIC % for the quarter that ended in Mar. 2023 was 104.99%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Wang On Group's 3-Year ROIIC % or its related term are showing as below:
HKSE:01222's 3-Year ROIIC % is ranked better than 94.31% of 510
companies
in the Conglomerates industry
Industry Median: 3.25
vs HKSE:01222: 104.99
Wang On Group 3-Year ROIIC % Historical Data
The historical data trend for Wang On 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 Wang On Group's 3-Year ROIIC %
For the Conglomerates subindustry, Wang On 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.
Wang On Group's 3-Year ROIIC % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Wang On Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Wang On Group's 3-Year ROIIC % falls into.
Wang On Group 3-Year ROIIC % Calculation
Wang On 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.
Wang On Group (HKSE:01222) 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.
Wang On Group 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Wang On Group's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wang On Group Ltd is an investment holding company engaged in property development businesses. It operates in five business segments. The Property Development segment is engaged in the development of properties. The Property Investment segment is engaged in investment in industrial and commercial premises and residential units for rental or for sale. The Fresh markets segment is engaged in the management and sub-licensing of fresh markets and butchery business. The Pharmaceutical segment engages in the production and sale of pharmaceutical and health food products. The Treasury management segment engages in the provision of finance and investments in debt and other securities which earn interest income.
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