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.
Hindalco Industries's 10-Year ROIIC % for the quarter that ended in Mar. 2024 was 14.66%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hindalco Industries's 10-Year ROIIC % or its related term are showing as below:
NSE:HINDALCO's 10-Year ROIIC % is ranked better than 78.1% of 2132
companies
in the Metals & Mining industry
Industry Median: -3.44
vs NSE:HINDALCO: 14.66
Hindalco Industries 10-Year ROIIC % Historical Data
The historical data trend for Hindalco Industries'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 Hindalco Industries's 10-Year ROIIC %
For the Aluminum subindustry, Hindalco Industries'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.
Hindalco Industries's 10-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hindalco Industries's 10-Year ROIIC % falls into.
Hindalco Industries 10-Year ROIIC % Calculation
Hindalco Industries's 10-Year ROIIC % for the quarter that ended in Mar. 2024 is calculated as:
10-Year ROIIC %
=
10-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 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.
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.
Hindalco Industries 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Hindalco Industries's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hindalco Industries (NSE:HINDALCO) Business Description
Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.
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