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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.
Ares Asia's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -5.68%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ares Asia's 3-Year ROIIC % or its related term are showing as below:
HKSE:00645's 3-Year ROIIC % is ranked better than 58.62% of 174
companies
in the Other Energy Sources industry
Industry Median: -18.65
vs HKSE:00645: -5.68
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.
Ares Asia 3-Year ROIIC % Related Terms
Ares Asia 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Ares Asia'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 Thermal Coal subindustry, Ares Asia'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.
Ares Asia 3-Year ROIIC % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Ares Asia's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ares Asia's 3-Year ROIIC % falls into.
Ares Asia's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -7.062978 (Mar. 2026) - -6.036 (Mar. 2023) )
/
( 30.572 (Mar. 2026) - 12.479 (Mar. 2023) )
=
-1.026978
/
18.093
=
-5.68%***
* 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.
Ares Asia (HKSE:00645) has a 3-Year ROIIC % of -5.68 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Ares Asia and its competitors. According to the industry distribution chart, Ares Asia ranks #72 out of 174 companies in the Other Energy Sources industry, placing it in the top 41.4%.
Is Ares Asia's 3-Year ROIIC % too high?
Ares Asia's current 3-Year ROIIC % is -5.68. Based on the distribution chart, Ares Asia ranks #72 out of 174 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Ares Asia has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ares Asia's 3-Year ROIIC % compare to competitors?
According to the Other Energy Sources industry distribution chart, Ares Asia ranks #72 out of 174 companies for 3-Year ROIIC %. This puts Ares Asia in the upper 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 Other Energy Sources company?
A good 3-Year ROIIC % depends on the Other Energy Sources 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 Ares Asia and its competitors. Ares Asia's current 3-Year ROIIC % is -5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Asia stock overvalued right now?
Based on GuruFocus' analysis, Ares Asia (HKSE:00645) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.16 — trading 1530% above its estimated fair value. The current 3-Year ROIIC % is -5.68. Ares Asia's overall GF Score™ is 40/100 with 3 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 Ares Asia (HKSE:00645), the current 3-Year ROIIC % is -5.68 as of Mar. 2026. 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.
Is Ares Asia (HKSE:00645) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Asia stock appears to be overvalued.
The current stock price of HK$0.16 is trading 1530% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Ares Asia to be Significantly Overvalued.
Key valuation signals for HKSE:00645:
3-Year ROIIC %: -5.68
GF Value™: HK$0.01 vs. price of HK$0.16 (1530% above fair value)
No single metric tells the full story. See the HKSE:00645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.
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