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.
CVS Group's 3-Year ROIIC % for the quarter that ended in Jun. 2023 was 43.42%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for CVS Group's 3-Year ROIIC % or its related term are showing as below:
LSE:CVSG's 3-Year ROIIC % is ranked better than 87% of 100
companies
in the Personal Services industry
Industry Median: 2.605
vs LSE:CVSG: 43.42
CVS Group 3-Year ROIIC % Historical Data
The historical data trend for CVS Group'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.
Competitive Comparison of CVS Group's 3-Year ROIIC %
For the Personal Services subindustry, CVS Group'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.
CVS Group's 3-Year ROIIC % Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, CVS Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where CVS Group's 3-Year ROIIC % falls into.
CVS Group 3-Year ROIIC % Calculation
CVS Group's 3-Year ROIIC % for the quarter that ended in Jun. 2023 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 48.43202 (Jun. 2023) - 10.6523 (Jun. 2020) )
/
( 496.5 (Jun. 2023) - 409.5 (Jun. 2020) )
=
37.77972
/
87
=
43.42%***
* 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.
CVS Group (LSE:CVSG) 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.
CVS Group 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of CVS Group's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
CVS Group PLC is a veterinary service provider in the United Kingdom. The group operates through four business divisions; Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. The veterinary practice segment generates majority of the revenues. The company facilitates its veterinary services through its diagnostics, laboratory reports, along pet cremation services. It also offers retail pharmacy through Animed Direct. Geographically, it generates the majority of the revenue from the United Kingdom and also operates in the Netherlands and Ireland.
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