Accordant Group (NZSE:AGL) 3-Year ROIIC % : 76.24% (As of Mar. 2024)

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What is Accordant Group 3-Year ROIIC %?

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. Accordant Group's 3-Year ROIIC % for the quarter that ended in Mar. 2024 was 76.24%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Accordant Group's 3-Year ROIIC % or its related term are showing as below:

NZSE:AGL's 3-Year ROIIC % is ranked better than
87.45% of 988 companies
in the Business Services industry
Industry Median: 5.67 vs NZSE:AGL: 76.24

Accordant Group 3-Year ROIIC % Historical Data

The historical data trend for Accordant 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.

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Accordant Group 3-Year ROIIC % Chart

Accordant Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

3-Year ROIIC %

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-58.79

-1,480.37

187.97

8.09

76.24

Accordant Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
3-Year ROIIC %	Get a 7-Day Free Trial															-	8.09	-	76.24	-

Competitive Comparison of Accordant Group's 3-Year ROIIC %

For the Staffing & Employment Services subindustry, Accordant 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.

Accordant Group's 3-Year ROIIC % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Accordant Group's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Accordant Group's 3-Year ROIIC % falls into.

Accordant Group 3-Year ROIIC % Calculation

Accordant Group'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)^**	/	3-Year Incremental Invested Capital^**
	=	( 1.6352763 (Mar. 2024) - 10.133424 (Mar. 2021) )	/	( 58.722 (Mar. 2024) - 69.869 (Mar. 2021) )
	=	-8.4981477	/	-11.147
	=	76.24%^***

** 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.

Accordant Group (NZSE:AGL) 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.

Accordant Group 3-Year ROIIC % Related Terms

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Accordant Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Accordant Group Ltd (NZSE:AGL) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Shortland Street, Level 6, Auckland, NTL, NZL, 1010

Website

https://www.accordant.nz

Accordant Group Ltd is a recruitment and staffing provider company. The group has two reportable segments: AWF and The Work Collective, and Madison, Absolute IT, JacksonStone & Partners and Hobson Leavy. The AWF brands derive their revenues from temporary staffing services to the industry. The Madison, Absolute IT, JacksonStone & Partners and Hobson Leavy brands, which are the key revenue drivers, generate revenue from the temporary, contract, permanent and executive search, principally in the commerce sector.