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Sky MetalsASX:SKY +11.90%23 3-Year ROIIC % is 25.49 as of Jun. 2024, which is 562% above its 10-year median of 3.85. GuruFocus rates ASX:SKY with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 2,302 Metals & Mining companies, Sky Metals ranks better than 75.98% 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.
Sky Metals's 3-Year ROIIC % for the quarter that ended in Jun. 2024 was 25.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sky Metals's 3-Year ROIIC % or its related term are showing as below:
ASX:SKY's 3-Year ROIIC % is ranked better than 75.98% of 2302
companies
in the Metals & Mining industry
Industry Median: -2.69
vs ASX:SKY: 25.49
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.
Sky Metals 3-Year ROIIC % Related Terms
Sky Metals 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Sky 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.
For the Gold subindustry, Sky 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.
Sky Metals 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sky Metals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sky Metals's 3-Year ROIIC % falls into.
Sky Metals's 3-Year ROIIC % for the quarter that ended in Jun. 2024 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -2.092 (Jun. 2024) - -2.468 (Jun. 2021) )
/
( 15.237 (Jun. 2024) - 13.762 (Jun. 2021) )
=
0.376
/
1.475
=
25.49%***
* 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.
Sky Metals (ASX:SKY) has a 3-Year ROIIC % of 25.49 as of Jun. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Sky Metals and its competitors. This is 562% above median its historical median of 3.85. According to the industry distribution chart, Sky Metals ranks #553 out of 2302 companies in the Metals & Mining industry, placing it in the top 24%.
Is Sky Metals' 3-Year ROIIC % too high?
Sky Metals' current 3-Year ROIIC % of 25.49 is 562% above median its 10-year median of 3.85. Based on the distribution chart, Sky Metals ranks #553 out of 2302 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Sky Metals has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Sky Metals' 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Sky Metals ranks #553 out of 2302 companies for 3-Year ROIIC %. This places Sky Metals in the top 24% 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 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 Sky Metals and its competitors. Sky Metals's current 3-Year ROIIC % is 25.49, which is 562% above median its own 10-year median of 3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sky Metals stock overvalued right now?
Sky Metals (ASX:SKY) has a current 3-Year ROIIC % of 25.49. The current 3-Year ROIIC % is 25.49, which is 562% above median its 10-year median of 3.85. Sky Metals' overall GF Score™ is 23/100 with 2 warning signs to review. 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 Sky Metals (ASX:SKY), the current 3-Year ROIIC % is 25.49 as of Jun. 2024. 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.
Sky Metals Ltd is identifying and evaluating mineral exploration for tin, copper, and gold in New South Wales. The company's projects include the Tallebung Tin Project in central-western NSW. Tallebung is an open-pit, technology-enabled, near-term development project. Its other projects include the Caledonian Project, Iron Duke Copper-Gold Project, Doradilla Project, Narriah Project, Kangiara Project, and Cullarin Project.
23GF Score
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