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.
Azure Power Global's 1-Year ROIIC % for the quarter that ended in Mar. 2024 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 Azure Power Global's 1-Year ROIIC % or its related term are showing as below:
AZREF's 1-Year ROIIC % is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 0.575 * Ranked among companies with meaningful 1-Year ROIIC % only.
Azure Power Global (OTCPK:AZREF) 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.
Azure Power Global 1-Year ROIIC % Related Terms
Azure Power Global 1-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Azure Power Global'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.
AZREF vs SAFX, VGAS, STEM: 1-Year ROIIC % Comparison
For the Utilities - Renewable subindustry, Azure Power Global'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.
Azure Power Global 1-Year ROIIC % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Azure Power Global's 1-Year ROIIC % falls into.
Azure Power Global's 1-Year ROIIC % for the quarter that ended in Mar. 2024 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 101.094 (Mar. 2024) - 0 (Mar. 2023) )
/
( 2424.183 (Mar. 2024) - 2213.562 (Mar. 2023) )
=
/
210.621
=
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.
** 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.
Azure Power Global (AZREF) has a 1-Year ROIIC % of 0.00 as of Mar. 2024. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's 1-Year ROIIC % too high?
Azure Power Global's current 1-Year ROIIC % is 0.00. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's 1-Year ROIIC % compare to SAFX and VGAS?
Azure Power Global's 1-Year ROIIC % of 0.00 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median 1-Year ROIIC % is 0.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for an Utilities - Independent Power Producers company?
The median 1-Year ROIIC % among Utilities - Independent Power Producers companies is 0.58, based on 414 companies in the industry. Companies in the top quartile (top 25%) have a 1-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 1-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Azure Power Global and its competitors. For the Utilities - Independent Power Producers industry, the median 1-Year ROIIC % is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azure Power Global's current 1-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current 1-Year ROIIC % of 0.00. The current 1-Year ROIIC % is 0.00. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Azure Power Global (AZREF), the current 1-Year ROIIC % is 0.00 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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