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Fuyao Glass Industry Group Co (SHSE:600660) 1-Year ROIIC % : 69.26% (As of Sep. 2024)


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What is Fuyao Glass Industry Group Co 1-Year ROIIC %?

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. Fuyao Glass Industry Group Co's 1-Year ROIIC % for the quarter that ended in Sep. 2024 was 69.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Fuyao Glass Industry Group Co's 1-Year ROIIC % or its related term are showing as below:

SHSE:600660's 1-Year ROIIC % is ranked better than
85.05% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 1.29 vs SHSE:600660: 69.26

Fuyao Glass Industry Group Co 1-Year ROIIC % Historical Data

The historical data trend for Fuyao Glass Industry Group Co'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.

* Premium members only.

Fuyao Glass Industry Group Co 1-Year ROIIC % Chart

Fuyao Glass Industry Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.33 4.69 28.41 20.27 -65.11

Fuyao Glass Industry Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
1-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.74 -65.11 -294.25 265.37 69.26

Competitive Comparison of Fuyao Glass Industry Group Co's 1-Year ROIIC %

For the Auto Parts subindustry, Fuyao Glass Industry Group Co'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.


Fuyao Glass Industry Group Co's 1-Year ROIIC % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fuyao Glass Industry Group Co's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Fuyao Glass Industry Group Co's 1-Year ROIIC % falls into.



Fuyao Glass Industry Group Co 1-Year ROIIC % Calculation

Fuyao Glass Industry Group Co's 1-Year ROIIC % for the quarter that ended in Sep. 2024 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( 6875.2366 (Sep. 2024) - 4717.0939 (Sep. 2023) )/( 34590.769 (Sep. 2024) - 31474.673 (Sep. 2023) )
=2158.1427/3116.096
=69.26%***

* 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.


Fuyao Glass Industry Group Co  (SHSE:600660) 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.


Fuyao Glass Industry Group Co 1-Year ROIIC % Related Terms

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Fuyao Glass Industry Group Co Business Description

Address
Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301
Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.
Executives
Zuo Min senior management
Lin Hou Tan Supervisors
Cao De Wang Director
He Shi Meng senior management
Cao Fang Director

Fuyao Glass Industry Group Co Headlines

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