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True North CopperASX:TNC 31 3-Year ROIIC % is -37.57 as of Jun. 2025. GuruFocus rates ASX:TNC with a GF Score™ of 31/100. The stock has 6 warning signs investors should review. Among 2,307 Metals & Mining companies, True North Copper ranks worse than 75.34% 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.
True North Copper's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -37.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for True North Copper's 3-Year ROIIC % or its related term are showing as below:
ASX:TNC's 3-Year ROIIC % is ranked worse than 75.34% of 2307
companies
in the Metals & Mining industry
Industry Median: -2.53
vs ASX:TNC: -37.57
True North Copper (ASX:TNC) 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.
True North Copper 3-Year ROIIC % Related Terms
True North Copper 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for True North Copper'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 Copper subindustry, True North Copper'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.
True North Copper 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, True North Copper's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where True North Copper's 3-Year ROIIC % falls into.
True North Copper'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**
=
( -28.598 (Jun. 2025) - -1.729 (Jun. 2022) )
/
( 84.273 (Jun. 2025) - 12.761 (Jun. 2022) )
=
-26.869
/
71.512
=
-37.57%***
* 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.
True North Copper (ASX:TNC) has a 3-Year ROIIC % of -37.57 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 True North Copper and its competitors. According to the industry distribution chart, True North Copper ranks #1738 out of 2307 companies in the Metals & Mining industry, placing it in the top 75.3%.
Is True North Copper's 3-Year ROIIC % too high?
True North Copper's current 3-Year ROIIC % is -37.57. Based on the distribution chart, True North Copper ranks #1738 out of 2307 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, True North Copper has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does True North Copper's 3-Year ROIIC % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, True North Copper ranks #1738 out of 2307 companies for 3-Year ROIIC %. This places True North Copper 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 True North Copper and its competitors. True North Copper's current 3-Year ROIIC % is -37.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True North Copper stock overvalued right now?
True North Copper (ASX:TNC) has a current 3-Year ROIIC % of -37.57. The current 3-Year ROIIC % is -37.57. True North Copper's overall GF Score™ is 31/100 with 6 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 True North Copper (ASX:TNC), the current 3-Year ROIIC % is -37.57 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.
True North Copper Ltd is an active mineral exploration company focused on land holdings in North and Central Queensland. It holds exploration tenements for copper, cobalt, gold, and silver, along with a free carried interest in three New South Wales copper-gold porphyry tenements. The company's main projects are the Cloncurry Copper Project, which targets IOCG and copper-gold deposits for open-pit mining, and the Mt Oxide Project, known for its high-grade copper, cobalt, and silver deposit. Its primary revenue comes from the sale of copper sulphate pentahydrate.
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