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.
Technical Communications's 1-Year ROIIC % for the quarter that ended in Jun. 2023 was 16.22%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Technical Communications's 1-Year ROIIC % or its related term are showing as below:
TCCO's 1-Year ROIIC % is ranked better than 62% of 2358
companies
in the Hardware industry
Industry Median: 1.925
vs TCCO: 16.22
Technical Communications 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 Technical Communications's 1-Year ROIIC %
For the Communication Equipment subindustry, Technical Communications'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.
Technical Communications's 1-Year ROIIC % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Technical Communications's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Technical Communications's 1-Year ROIIC % falls into.
Technical Communications's 1-Year ROIIC % for the quarter that ended in Jun. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( -2.066 (Jun. 2023) - -1.812 (Jun. 2022) )
/
( 1.535 (Jun. 2023) - 3.101 (Jun. 2022) )
=
-0.254
/
-1.566
=
16.22%***
* 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.
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.
Technical Communications 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Technical Communications's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Technical Communications (Technical Communications) Business Description
Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.
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