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Airthings ASA (OSL:AIRX) 3-Year ROIIC % : -14.49% (As of Dec. 2023)


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What is Airthings ASA 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. Airthings ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -14.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

OSL:AIRX's 3-Year ROIIC % is ranked worse than
79.23% of 2918 companies
in the Industrial Products industry
Industry Median: 5.875 vs OSL:AIRX: -14.49

Airthings ASA 3-Year ROIIC % Historical Data

The historical data trend for Airthings ASA'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.

* Premium members only.

Airthings ASA 3-Year ROIIC % Chart

Airthings ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
3-Year ROIIC %
Get a 7-Day Free Trial - -18.63 -24.79 -25.37 -14.49

Airthings ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -14.49 - - -

Competitive Comparison of Airthings ASA's 3-Year ROIIC %

For the Electrical Equipment & Parts subindustry, Airthings ASA'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.


Airthings ASA's 3-Year ROIIC % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airthings ASA's 3-Year ROIIC % distribution charts can be found below:

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



Airthings ASA 3-Year ROIIC % Calculation

Airthings ASA's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -68.6461991 (Dec. 2023) - -32.160168 (Dec. 2020) )/( 469.712 (Dec. 2023) - 217.912 (Dec. 2020) )
=-36.4860311/251.8
=-14.49%***

* 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.


Airthings ASA  (OSL:AIRX) 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.


Airthings ASA 3-Year ROIIC % Related Terms

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Airthings ASA Business Description

Traded in Other Exchanges
Address
Wergelandsveien 7, Oslo, NOR, 0167
Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which offers air quality monitors and air purifiers with software solutions to enable consumers to create and maintain a healthy home environment.

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