North Long Dragon New Materials Tech Co (SZSE:301357) 3-Year ROIIC % : -18.03% (As of Dec. 2023)

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What is North Long Dragon New Materials Tech Co 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. North Long Dragon New Materials Tech Co's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -18.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for North Long Dragon New Materials Tech Co's 3-Year ROIIC % or its related term are showing as below:

SZSE:301357's 3-Year ROIIC % is ranked worse than
79.12% of 297 companies
in the Aerospace & Defense industry
Industry Median: 5.94 vs SZSE:301357: -18.03

North Long Dragon New Materials Tech Co 3-Year ROIIC % Historical Data

The historical data trend for North Long Dragon New Materials Tech Co'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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North Long Dragon New Materials Tech Co 3-Year ROIIC % Chart

North Long Dragon New Materials Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

3-Year ROIIC %

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30.67

7.70

-18.03

North Long Dragon New Materials Tech Co Quarterly Data
	Dec18	Dec19	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													-	-18.03	-	-	-

Competitive Comparison of North Long Dragon New Materials Tech Co's 3-Year ROIIC %

For the Aerospace & Defense subindustry, North Long Dragon New Materials Tech Co'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.

North Long Dragon New Materials Tech Co's 3-Year ROIIC % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, North Long Dragon New Materials Tech Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where North Long Dragon New Materials Tech Co's 3-Year ROIIC % falls into.

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North Long Dragon New Materials Tech Co 3-Year ROIIC % Calculation

North Long Dragon New Materials Tech Co'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^**
	=	( 27.1155052 (Dec. 2023) - 97.40164 (Dec. 2020) )	/	( 588.23 (Dec. 2023) - 198.456 (Dec. 2020) )
	=	-70.2861348	/	389.774
	=	-18.03%^***

** 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.

North Long Dragon New Materials Tech Co (SZSE:301357) 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.

North Long Dragon New Materials Tech Co 3-Year ROIIC % Related Terms

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North Long Dragon New Materials Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » North Long Dragon New Materials Tech Co Ltd (SZSE:301357) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699 Hangtian East Road, 2nd Floor, Building 11, Civil-Military Integration Innovation Park (Area B), National Civil Aerospace Industry Base, Shaanxi Province, Xi'an, CHN, 710100

Website

https://www.longdragon.com.cn

North Long Dragon New Materials Tech Co Ltd is mainly engaged in the R&D, design, production and sales of supporting equipment for military vehicles with the core of non-metal composite material performance research, process structure design and application technology. The products are widely used in electronic information, armored combat, armored support and other round Type, tracked vehicle main combat equipment.

North Long Dragon New Materials Tech Co Headlines

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