Otis Worldwide (WBO:OTIS) 1-Year ROIIC % : 5.86% (As of Sep. 2024)

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What is Otis Worldwide 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. Otis Worldwide's 1-Year ROIIC % for the quarter that ended in Sep. 2024 was 5.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Otis Worldwide's 1-Year ROIIC % or its related term are showing as below:

WBO:OTIS's 1-Year ROIIC % is ranked better than
55.36% of 2910 companies
in the Industrial Products industry
Industry Median: 1.6 vs WBO:OTIS: 5.86

Otis Worldwide 1-Year ROIIC % Historical Data

The historical data trend for Otis Worldwide'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.

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Otis Worldwide 1-Year ROIIC % Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

1-Year ROIIC %

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10.39

-4.51

-135.48

19.85

-24.20

Otis Worldwide 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															15.09	-24.20	-25.25	20.42	5.86

Competitive Comparison of Otis Worldwide's 1-Year ROIIC %

For the Specialty Industrial Machinery subindustry, Otis Worldwide'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.

Otis Worldwide's 1-Year ROIIC % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's 1-Year ROIIC % falls into.

Otis Worldwide 1-Year ROIIC % Calculation

Otis Worldwide'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
	=	( 1513.4178 (Sep. 2024) - 1474.5421 (Sep. 2023) )	/	( 7406.22 (Sep. 2024) - 6568.37 (Sep. 2023) )
	=	38.8757	/	837.85
	=	4.64%^***

** 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.

Otis Worldwide (WBO:OTIS) 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.

Otis Worldwide 1-Year ROIIC % Related Terms

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Otis Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » 1-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.