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Apple (XBUL:APC) 1-Year ROIIC % : -39.71% (As of Sep. 2024)


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What is Apple 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. Apple's 1-Year ROIIC % for the quarter that ended in Sep. 2024 was -39.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

XBUL:APC's 1-Year ROIIC % is ranked worse than
77.17% of 2409 companies
in the Hardware industry
Industry Median: 5.7 vs XBUL:APC: -39.71

Apple 1-Year ROIIC % Historical Data

The historical data trend for Apple'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.

Apple 1-Year ROIIC % Chart

Apple Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.86 86.52 40.85 14.70 -39.71

Apple 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 14.70 -47.29 -61.20 -1,503.62 -39.71

Competitive Comparison of Apple's 1-Year ROIIC %

For the Consumer Electronics subindustry, Apple'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.


Apple's 1-Year ROIIC % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's 1-Year ROIIC % distribution charts can be found below:

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



Apple 1-Year ROIIC % Calculation

Apple'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
=( 174812.8315645 (Sep. 2024) - 182181.566112 (Sep. 2023) )/( 547285.42 (Sep. 2024) - 528728.209 (Sep. 2023) )
=-7368.7345475/18557.211
=-39.71%***

* 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.


Apple  (XBUL:APC) 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.


Apple 1-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of Apple's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Apple Business Description

Address
One Apple Park Way, Cupertino, CA, USA, 95014
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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