Minerals ExplorationASX:MEX 3-Year ROIIC % is -35.85 as of Jun. 2025. Among 2,300 Metals & Mining companies, Minerals Exploration ranks worse than 74.7% 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.
Minerals Exploration's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -35.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Minerals Exploration's 3-Year ROIIC % or its related term are showing as below:
ASX:MEX's 3-Year ROIIC % is ranked worse than 74.7% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.525
vs ASX:MEX: -35.85
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.
Minerals Exploration 3-Year ROIIC % Related Terms
Minerals Exploration 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Minerals Exploration'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.
For the Gold subindustry, Minerals Exploration'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.
Minerals Exploration 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Minerals Exploration's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Minerals Exploration's 3-Year ROIIC % falls into.
Minerals Exploration'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**
=
( -1.455 (Jun. 2025) - -1.218 (Jun. 2022) )
/
( 1.931 (Jun. 2025) - 1.27 (Jun. 2022) )
=
-0.237
/
0.661
=
-35.85%***
* 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.
Minerals Exploration (ASX:MEX) has a 3-Year ROIIC % of -35.85 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 Minerals Exploration and its competitors. According to the industry distribution chart, Minerals Exploration ranks #1718 out of 2300 companies in the Metals & Mining industry, placing it in the top 74.7%.
Is Minerals Exploration's 3-Year ROIIC % too high?
Minerals Exploration's current 3-Year ROIIC % is -35.85. Based on the distribution chart, Minerals Exploration ranks #1718 out of 2300 companies in the Metals & Mining industry, which is below the industry midpoint.
How does Minerals Exploration's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Minerals Exploration ranks #1718 out of 2300 companies for 3-Year ROIIC %. This places Minerals Exploration in the lower half of its industry. 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining 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 Minerals Exploration and its competitors. Minerals Exploration's current 3-Year ROIIC % is -35.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerals Exploration stock overvalued right now?
Minerals Exploration (ASX:MEX) has a current 3-Year ROIIC % of -35.85. The current 3-Year ROIIC % is -35.85. 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 Minerals Exploration (ASX:MEX), the current 3-Year ROIIC % is -35.85 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.
Minerals Exploration Ltd is a company focused on gold exploration. The company is implementing an aggressive brownfields exploration across its portfolio of New Zealand gold assets. These assets contain previously identified mineralisation from historical production and exploration activities, are located in the Hauraki and Otago Goldfields, and are situated near established deposits.
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