Kinross Gold (Kinross Gold) 5-Year ROIIC % : 20.91% (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Kinross Gold 5-Year ROIIC %?

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. Kinross Gold's 5-Year ROIIC % for the quarter that ended in Dec. 2023 was 20.91%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Kinross Gold's 5-Year ROIIC % or its related term are showing as below:

KGC's 5-Year ROIIC % is ranked better than
79.96% of 2116 companies
in the Metals & Mining industry
Industry Median: -2.77 vs KGC: 20.91

Kinross Gold 5-Year ROIIC % Historical Data

The historical data trend for Kinross Gold's 5-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.

* Premium members only.

Kinross Gold 5-Year ROIIC % Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

5-Year ROIIC %

Get a 7-Day Free Trial

124.99

95.70

-1.88

-8.85

20.91

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
5-Year ROIIC %	Get a 7-Day Free Trial															-8.85	-	-	-	20.91

Competitive Comparison of Kinross Gold's 5-Year ROIIC %

For the Gold subindustry, Kinross Gold's 5-Year ROIIC %, along with its competitors' market caps and 5-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.

Kinross Gold's 5-Year ROIIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kinross Gold's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Kinross Gold's 5-Year ROIIC % falls into.

Kinross Gold 5-Year ROIIC % Calculation

Kinross Gold's 5-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

5-Year ROIIC %	=	5-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	5-Year Incremental Invested Capital^**
	=	( 448.09128 (Dec. 2023) - -38.75354 (Dec. 2018) )	/	( 9566.5 (Dec. 2023) - 7227.2 (Dec. 2018) )
	=	486.84482	/	2339.3
	=	20.81%^***

** Annual data of NOPAT and Invested Capital was used to calculate 5-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.

Kinross Gold (NYSE:KGC) 5-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.

Kinross Gold 5-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of Kinross Gold's 5-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » 5-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.