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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. Cummins's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was 14.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Cummins's 3-Year ROIIC % or its related term are showing as below:
The historical data trend for Cummins'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.
Cummins Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
3-Year ROIIC % | Get a 7-Day Free Trial |
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34.79 | -6.85 | 0.08 | 4.15 | 14.95 |
Cummins Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | 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 |
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4.15 | - | - | - | 14.95 |
For the Specialty Industrial Machinery subindustry, Cummins'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.
For the Industrial Products industry and Industrials sector, Cummins's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Cummins's 3-Year ROIIC % falls into.
Cummins's 3-Year ROIIC % for the quarter that ended in Dec. 2024 is calculated as:
3-Year ROIIC % | = | 3-Year Incremental Net Operating Profit After Taxes (NOPAT)** | / | 3-Year Incremental Invested Capital** |
= | ( 2806.0454 (Dec. 2024) - 1730.52 (Dec. 2021) ) | / | ( 22878 (Dec. 2024) - 15685 (Dec. 2021) ) | |
= | 1075.5254 | / | 7193 | |
= | 14.95%*** |
* 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.
Cummins (NYSE:CMI) 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.
Thank you for viewing the detailed overview of Cummins's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Andrew Smith | officer: VP - Operations Finance | 500 JACKSON STREET, COLUMBUS IN 47201 |
Jennifer Rumsey | officer: Chief Technical Officer | 500 JACKSON STREET, COLUMBUS IN 47201 |
Sharon R Barner | officer: VP - General Counsel | 500 JACKSON STREET, COLUMBUS IN 47201 |
Di Leo Allen Bruno V | director | INTERNATIONAL BUSINESS MACHINES CORP., C/O SEC'Y'S OFFICE, ONE NEW ORCHARD ROAD, ARMONK NY 10504 |
Donald G Jackson | officer: VP and Treasurer | 500 JACKSON STREET, COLUMBUS IN 47201 |
Tony Satterthwaite | officer: President - Distribution | 1400 73RD AVENUE NE, MINNEAPOLIS MN 55432 |
Jeffrey T Wiltrout | officer: VP - Corporate Strategy | 500 JACKSON STREET, COLUMBUS IN 47201 |
Marvin Boakye | officer: VP - Chief Human Resources Off | PO BOX 99900, LOUISVILLE KY 40269 |
Daniel William Fisher | director | 2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023 |
Sherry A Aaholm | officer: Chief Information Officer | 500 JACKSON STREET, COLUMBUS IN 47201 |
Luther E Peters | officer: VP - Corporate Controller | 500 JACKSON STREET, COLUMBUS IN 47201 |
Jonathan David Wood | officer: Vice President & CTO | 500 JACKSON STREET, COLUMBUS IN 47201 |
Georgia R Nelson | director | C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626 |
Franklin R Changdiaz | director | 500 JACKSON ST., M/C 60701, COLUMBUS IN 47201 |
Norman Thomas Linebarger | officer: President-Power Gen. |
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