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Rolex Rings (BOM:543325) 3-Year ROIIC % : 34.24% (As of Mar. 2024)


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What is Rolex Rings 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. Rolex Rings's 3-Year ROIIC % for the quarter that ended in Mar. 2024 was 34.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

BOM:543325's 3-Year ROIIC % is ranked better than
82.44% of 2933 companies
in the Industrial Products industry
Industry Median: 5.56 vs BOM:543325: 34.24

Rolex Rings 3-Year ROIIC % Historical Data

The historical data trend for Rolex Rings'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.

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Rolex Rings 3-Year ROIIC % Chart

Rolex Rings Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
3-Year ROIIC %
Get a 7-Day Free Trial - - 53.66 47.66 34.24

Rolex Rings Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 34.24 - - -

Competitive Comparison of Rolex Rings's 3-Year ROIIC %

For the Metal Fabrication subindustry, Rolex Rings'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.


Rolex Rings's 3-Year ROIIC % Distribution in the Industrial Products Industry

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

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


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Rolex Rings 3-Year ROIIC % Calculation

Rolex Rings'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**
=( 1710.775192 (Mar. 2024) - 965.203335 (Mar. 2021) )/( 8810.82 (Mar. 2024) - 6633.33 (Mar. 2021) )
=745.571857/2177.49
=34.24%***

* 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.


Rolex Rings  (BOM:543325) 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.


Rolex Rings 3-Year ROIIC % Related Terms

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Rolex Rings Business Description

Traded in Other Exchanges
Address
Gondal Road, Opposite Hotel Krishna Park, Near Kotharia Railway Crossing, Kotharia, Rajkot, GJ, IND, 360 004
Rolex Rings Ltd is a manufacturer and supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles, industrial machinery, wind turbines and railways, amongst other segments. The company's business falls within a single business segment of diversified auto components.

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