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Cirrus Logic (STU:CRU) 3-Year ROIIC % : 23.90% (As of Mar. 2023)


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What is Cirrus Logic 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. Cirrus Logic's 3-Year ROIIC % for the quarter that ended in Mar. 2023 was 23.90%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

STU:CRU's 3-Year ROIIC % is ranked better than
75.13% of 961 companies
in the Semiconductors industry
Industry Median: 1.81 vs STU:CRU: 23.90

Cirrus Logic 3-Year ROIIC % Historical Data

The historical data trend for Cirrus Logic'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.

Cirrus Logic 3-Year ROIIC % Chart

Cirrus Logic Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.68 -31.86 44.81 40.51 23.90

Cirrus Logic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - 23.90 - - -

Competitive Comparison of Cirrus Logic's 3-Year ROIIC %

For the Semiconductors subindustry, Cirrus Logic'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.


Cirrus Logic's 3-Year ROIIC % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cirrus Logic's 3-Year ROIIC % distribution charts can be found below:

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



Cirrus Logic 3-Year ROIIC % Calculation

Cirrus Logic's 3-Year ROIIC % for the quarter that ended in Mar. 2023 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 223.8049625 (Mar. 2023) - 155.6032758 (Mar. 2020) )/( 1333.392 (Mar. 2023) - 1035.665 (Mar. 2020) )
=68.2016867/297.727
=22.91%***

* 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.


Cirrus Logic  (STU:CRU) 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.


Cirrus Logic 3-Year ROIIC % Related Terms

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Cirrus Logic (STU:CRU) Business Description

Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.