ATEX ResourcesATXRF -8.06%34 3-Year ROIIC % is -113.31 as of Sep. 2024. GuruFocus rates ATXRF with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 2,300 Metals & Mining companies, ATEX Resources ranks worse than 85.78% 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.
ATEX Resources's 3-Year ROIIC % for the quarter that ended in Sep. 2024 was -113.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for ATEX Resources's 3-Year ROIIC % or its related term are showing as below:
ATXRF's 3-Year ROIIC % is ranked worse than 85.78% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.525
vs ATXRF: -113.31
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.
ATEX Resources 3-Year ROIIC % Related Terms
ATEX Resources 3-Year ROIIC % Historical Data
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The historical data trend for ATEX Resources'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, ATEX Resources'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.
ATEX Resources 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, ATEX Resources's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where ATEX Resources's 3-Year ROIIC % falls into.
ATEX Resources's 3-Year ROIIC % for the quarter that ended in Sep. 2024 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -19.542 (Sep. 2024) - -0.692 (Sep. 2021) )
/
( 16.689 (Sep. 2024) - 0.016 (Sep. 2021) )
=
-18.85
/
16.673
=
-113.06%***
* 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.
ATEX Resources (ATXRF) has a 3-Year ROIIC % of -113.31 as of Sep. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ATEX Resources and its competitors. According to the industry distribution chart, ATEX Resources ranks #1973 out of 2300 companies in the Metals & Mining industry, placing it in the top 85.8%.
Is ATEX Resources' 3-Year ROIIC % too high?
ATEX Resources' current 3-Year ROIIC % is -113.31. Based on the distribution chart, ATEX Resources ranks #1973 out of 2300 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, ATEX Resources has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does ATEX Resources' 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, ATEX Resources ranks #1973 out of 2300 companies for 3-Year ROIIC %. This places ATEX Resources 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 ATEX Resources and its competitors. ATEX Resources's current 3-Year ROIIC % is -113.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATEX Resources stock overvalued right now?
ATEX Resources (ATXRF) has a current 3-Year ROIIC % of -113.31. The current 3-Year ROIIC % is -113.31. ATEX Resources' overall GF Score™ is 34/100 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 ATEX Resources (ATXRF), the current 3-Year ROIIC % is -113.31 as of Sep. 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.
ATEX Resources Inc is a minerals exploration company engaged in the acquisition and development of properties located in Chile. In addition, the firm also holds an interest in Valeriano Property and other Exploration Projects. The company is focused on delineating and growing the copper-gold porphyry resource underlying a surface oxide gold deposit.
34GF Score
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