1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Modine Manufacturing Co's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was 87.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Modine Manufacturing Co's 1-Year ROIIC % or its related term are showing as below:
MOD's 1-Year ROIIC % is ranked better than 84.89% of 1132
companies
in the Vehicles & Parts industry
Industry Median: 6.255
vs MOD: 87.96
Modine Manufacturing Co 1-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 Modine Manufacturing Co's 1-Year ROIIC %
For the Auto Parts subindustry, Modine Manufacturing Co's 1-Year ROIIC %, along with its competitors' market caps and 1-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.
Modine Manufacturing Co's 1-Year ROIIC % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Modine Manufacturing Co's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Modine Manufacturing Co's 1-Year ROIIC % falls into.
Modine Manufacturing Co 1-Year ROIIC % Calculation
Modine Manufacturing Co's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 261.8995 (Dec. 2023) - 100.2226 (Dec. 2022) )
/
( 1246.4 (Dec. 2023) - 1062.6 (Dec. 2022) )
=
161.6769
/
183.8
=
87.96%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-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.
Modine Manufacturing Co (NYSE:MOD) 1-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.
Modine Manufacturing Co 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Modine Manufacturing Co's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Modine Manufacturing Co (Modine Manufacturing Co) Business Description
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
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