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.
Oz Minerals's 10-Year ROIIC % for the quarter that ended in Dec. 2022 was -1.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Oz Minerals's 10-Year ROIIC % or its related term are showing as below:
ASX:OZL's 10-Year ROIIC % is not ranked
in the Metals & Mining industry.
Industry Median: -3.515
vs ASX:OZL: -1.84
Oz Minerals 10-Year ROIIC % Historical Data
The historical data trend for Oz Minerals'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 Oz Minerals's 10-Year ROIIC %
For the Copper subindustry, Oz Minerals'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.
Oz Minerals's 10-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Oz Minerals's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Oz Minerals's 10-Year ROIIC % falls into.
Oz Minerals 10-Year ROIIC % Calculation
Oz Minerals'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)**
/
10-Year Incremental Invested Capital**
=
( 75.18375 (Dec. 2022) - 137.94638 (Dec. 2012) )
/
( 5734.4 (Dec. 2022) - 2318.3 (Dec. 2012) )
=
-62.76263
/
3416.1
=
-1.84%***
* 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.
Oz Minerals (ASX:OZL) 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.
Oz Minerals 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Oz Minerals's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.
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