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.
The L S Starrett Co's 3-Year ROIIC % for the quarter that ended in Jun. 2023 was 72.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for The L S Starrett Co's 3-Year ROIIC % or its related term are showing as below:
SCX's 3-Year ROIIC % is ranked better than 90.54% of 2907
companies
in the Industrial Products industry
Industry Median: 5.61
vs SCX: 72.39
The L S Starrett Co 3-Year ROIIC % Historical Data
The historical data trend for The L S Starrett Co'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 The L S Starrett Co's 3-Year ROIIC %
For the Tools & Accessories subindustry, The L S Starrett Co'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.
The L S Starrett Co's 3-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The L S Starrett Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where The L S Starrett Co's 3-Year ROIIC % falls into.
The L S Starrett Co 3-Year ROIIC % Calculation
The L S Starrett Co's 3-Year ROIIC % for the quarter that ended in Jun. 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.
The L S Starrett Co (NYSE:SCX) 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.
The L S Starrett Co 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of The L S Starrett Co's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
The L S Starrett Co (The L S Starrett Co) Business Description
The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.
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