What is New China Life Insurance Co 10-Year ROIIC %?
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.
New China Life Insurance Co's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for New China Life Insurance Co's 10-Year ROIIC % or its related term are showing as below:
SHSE:601336's 10-Year ROIIC % is not ranked *
in the Insurance industry.
Industry Median: 1.86 * Ranked among companies with meaningful 10-Year ROIIC % only.
New China Life Insurance Co 10-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 New China Life Insurance Co's 10-Year ROIIC %
For the Insurance - Life subindustry, New China Life Insurance Co'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.
New China Life Insurance Co's 10-Year ROIIC % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's 10-Year ROIIC % falls into.
New China Life Insurance Co 10-Year ROIIC % Calculation
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 104421.7692 (Dec. 2023) - 0 (Dec. 2013) )
/
( 1367126 (Dec. 2023) - 550591.5 (Dec. 2013) )
=
/
816534.5
=
0.00%***
* 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.
New China Life Insurance Co (SHSE:601336) 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.
New China Life Insurance Co 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of New China Life Insurance Co's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
New China Life Insurance, or NCI, was headquartered in Beijing and founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
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