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Frontier Springs (BOM:522195) 3-Year ROIIC % : 16.70% (As of Mar. 2024)


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What is Frontier Springs 3-Year ROIIC %?

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. Frontier Springs's 3-Year ROIIC % for the quarter that ended in Mar. 2024 was 16.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Frontier Springs's 3-Year ROIIC % or its related term are showing as below:

BOM:522195's 3-Year ROIIC % is ranked better than
67.92% of 2918 companies
in the Industrial Products industry
Industry Median: 5.895 vs BOM:522195: 16.70

Frontier Springs 3-Year ROIIC % Historical Data

The historical data trend for Frontier Springs'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.

* Premium members only.

Frontier Springs 3-Year ROIIC % Chart

Frontier Springs Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.14 14.05 -7.24 -33.80 16.70

Frontier Springs Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 16.70 - -

Competitive Comparison of Frontier Springs's 3-Year ROIIC %

For the Metal Fabrication subindustry, Frontier Springs'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.


Frontier Springs's 3-Year ROIIC % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Frontier Springs's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Frontier Springs's 3-Year ROIIC % falls into.



Frontier Springs 3-Year ROIIC % Calculation

Frontier Springs's 3-Year ROIIC % for the quarter that ended in Mar. 2024 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 129.6344932 (Mar. 2024) - 74.4368996 (Mar. 2021) )/( 1006.039 (Mar. 2024) - 675.539 (Mar. 2021) )
=55.1975936/330.5
=16.70%***

* 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.


Frontier Springs  (BOM:522195) 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.


Frontier Springs 3-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of Frontier Springs's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.


Frontier Springs Business Description

Traded in Other Exchanges
N/A
Address
E-14, Panki Industrial Area, Site-1, Kanpur, UP, IND, 208 022
Frontier Springs Ltd is engaged in the manufacturing of hot Coiled springs and forging items for transportation, industrial, and government applications. The product offering of the company includes L.B.Springs and Hot Coiled Compression Spring and forging items for Wagon, Locomotives, and Carriages, among others. The company supplies its products to railways, bogie manufacturers, Chittaranjan locomotive works, diesel locomotive works, integrated coach factories, and rail coach factories. In addition to the supply to the railways, the company is also supplying the springs to heavy engineering industries and original earth movers equipment manufacturers.

Frontier Springs Headlines

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