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Comet RidgeCOMRF 34 3-Year ROIIC % is -24.17 as of Jun. 2025. GuruFocus rates COMRF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 924 Oil & Gas companies, Comet Ridge ranks worse than 73.81% 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.
Comet Ridge's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -24.17%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Comet Ridge's 3-Year ROIIC % or its related term are showing as below:
COMRF's 3-Year ROIIC % is ranked worse than 73.81% of 924
companies
in the Oil & Gas industry
Industry Median: -0.005
vs COMRF: -24.17
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.
Comet Ridge 3-Year ROIIC % Related Terms
Comet Ridge 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Comet Ridge'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.
COMRF vs COP, EOG, FANG: 3-Year ROIIC % Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Comet Ridge's 3-Year ROIIC % falls into.
Comet Ridge'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**
=
( -2.002 (Jun. 2025) - -2.731 (Jun. 2022) )
/
( 93.295 (Jun. 2025) - 103.061 (Jun. 2022) )
=
0.729
/
-9.766
=
-7.46%***
* 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.
Comet Ridge (COMRF) has a 3-Year ROIIC % of -24.17 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 Comet Ridge and its competitors. According to the industry distribution chart, Comet Ridge ranks #682 out of 924 companies in the Oil & Gas industry, placing it in the top 73.8%.
Is Comet Ridge's 3-Year ROIIC % too high?
Comet Ridge's current 3-Year ROIIC % is -24.17. Based on the distribution chart, Comet Ridge ranks #682 out of 924 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Comet Ridge has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Comet Ridge's 3-Year ROIIC % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #682 out of 924 companies for 3-Year ROIIC %. This places Comet Ridge 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 an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas 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 Comet Ridge and its competitors. Comet Ridge's current 3-Year ROIIC % is -24.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (COMRF) has a current 3-Year ROIIC % of -24.17. The current 3-Year ROIIC % is -24.17. Comet Ridge's overall GF Score™ is 34/100 with 1 warning sign 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 Comet Ridge (COMRF), the current 3-Year ROIIC % is -24.17 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
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