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.
Grand Ming Group Holdings's 3-Year ROIIC % for the quarter that ended in Mar. 2024 was 9.30%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Grand Ming Group Holdings's 3-Year ROIIC % or its related term are showing as below:
HKSE:01271's 3-Year ROIIC % is ranked better than 61.66% of 1646
companies
in the Construction industry
Industry Median: 3.62
vs HKSE:01271: 9.30
Grand Ming Group Holdings 3-Year ROIIC % Historical Data
* 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.
Competitive Comparison of Grand Ming Group Holdings's 3-Year ROIIC %
For the Engineering & Construction subindustry, Grand Ming Group Holdings'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.
Grand Ming Group Holdings's 3-Year ROIIC % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Grand Ming Group Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Grand Ming Group Holdings's 3-Year ROIIC % falls into.
Grand Ming Group Holdings 3-Year ROIIC % Calculation
Grand Ming Group Holdings'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)**
* 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.
Grand Ming Group Holdings (HKSE:01271) 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.
Grand Ming Group Holdings 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Grand Ming Group Holdings's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.
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