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.
Luna Innovations's 10-Year ROIIC % for the quarter that ended in Dec. 2022 was 0.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Luna Innovations's 10-Year ROIIC % or its related term are showing as below:
LUNA's 10-Year ROIIC % is ranked worse than 60.83% of 2331
companies
in the Hardware industry
Industry Median: 4.3
vs LUNA: 0.21
Luna Innovations 10-Year ROIIC % Historical Data
The historical data trend for Luna Innovations'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 Luna Innovations's 10-Year ROIIC %
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations's 10-Year ROIIC % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Luna Innovations's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Luna Innovations's 10-Year ROIIC % falls into.
Luna Innovations 10-Year ROIIC % Calculation
Luna Innovations's 10-Year ROIIC % for the quarter that ended in Dec. 2022 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.
Luna Innovations (NAS:LUNA) 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.
Luna Innovations 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Luna Innovations's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Luna Innovations (Luna Innovations) Business Description
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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