1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Goodman Group's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was 3.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Goodman Group's 1-Year ROIIC % or its related term are showing as below:
ASX:GMG's 1-Year ROIIC % is ranked better than 59.47% of 1616
companies
in the Real Estate industry
Industry Median: -0.175
vs ASX:GMG: 3.26
Goodman Group 1-Year ROIIC % Historical Data
The historical data trend for Goodman Group's 1-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 Goodman Group's 1-Year ROIIC %
For the Real Estate - Diversified subindustry, Goodman Group's 1-Year ROIIC %, along with its competitors' market caps and 1-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.
Goodman Group's 1-Year ROIIC % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Goodman Group's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Goodman Group's 1-Year ROIIC % falls into.
Goodman Group 1-Year ROIIC % Calculation
Goodman Group's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 298.2937 (Dec. 2023) - 858.1762 (Dec. 2022) )
/
( 4970.8 (Dec. 2023) - 22123.5 (Dec. 2022) )
=
-559.8825
/
-17152.7
=
3.26%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-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.
Goodman Group (ASX:GMG) 1-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.
Goodman Group 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Goodman Group's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.
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