Macro MetalsASX:M4M 3-Year ROIIC % is 5,874.65 as of Jun. 2025, which is 2937225% above its 10-year median of 0.20. The stock has 2 warning signs investors should review. Among 606 Steel companies, Macro Metals ranks better than 99.67% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Macro Metals's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 5,874.65%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Macro Metals's 3-Year ROIIC % or its related term are showing as below:
ASX:M4M's 3-Year ROIIC % is ranked better than 99.67% of 606
companies
in the Steel industry
Industry Median: -0.22
vs ASX:M4M: 5874.65
Macro Metals (ASX:M4M) 3-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.
Macro Metals 3-Year ROIIC % Related Terms
Macro Metals 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Macro Metals's 3-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.
ASX:M4M vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Macro Metals's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Macro Metals 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Macro Metals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Macro Metals's 3-Year ROIIC % falls into.
Macro Metals's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -6.831 (Jun. 2025) - -2.66 (Jun. 2022) )
/
( 5.907 (Jun. 2025) - 5.978 (Jun. 2022) )
=
-4.171
/
-0.071
=
5,874.65%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-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.
Macro Metals (ASX:M4M) has a 3-Year ROIIC % of 5,874.65 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Macro Metals and its competitors. This is 2937225% above median its historical median of 0.20. According to the industry distribution chart, Macro Metals ranks #2 out of 606 companies in the Steel industry, placing it in the top 0.3%.
Is Macro Metals' 3-Year ROIIC % too high?
Macro Metals' current 3-Year ROIIC % of 5,874.65 is 2937225% above median its 10-year median of 0.20. Based on the distribution chart, Macro Metals ranks #2 out of 606 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does Macro Metals' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Macro Metals ranks #2 out of 606 companies for 3-Year ROIIC %. This places Macro Metals in the top 0% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Macro Metals and its competitors. Macro Metals's current 3-Year ROIIC % is 5,874.65, which is 2937225% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macro Metals stock overvalued right now?
Macro Metals (ASX:M4M) has a current 3-Year ROIIC % of 5,874.65. The current 3-Year ROIIC % is 5,874.65, which is 2937225% above median its 10-year median of 0.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Macro Metals (ASX:M4M), the current 3-Year ROIIC % is 5,874.65 as of Jun. 2025. 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.
Macro Metals Ltd is a mineral exploration company. The principal activities of the company consist of exploration and evaluation of WA iron ore tenements, acquisition of additional prospective tenements in WA, proposed acquisition of Chilean lithium projects and continued evaluation of Agbaja Cast Steel Project. It operates in one industry segment, which is mineral exploration, evaluation, and development, and operates in two geographic segments: the Federal Republic of Nigeria and Australia.
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