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.
TAAT Global Alternatives's 3-Year ROIIC % for the quarter that ended in Oct. 2023 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for TAAT Global Alternatives's 3-Year ROIIC % or its related term are showing as below:
TOBAF's 3-Year ROIIC % is not ranked *
in the Tobacco Products industry.
Industry Median: 3.585 * Ranked among companies with meaningful 3-Year ROIIC % only.
TAAT Global Alternatives (OTCPK:TOBAF) 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.
TAAT Global Alternatives 3-Year ROIIC % Related Terms
TAAT Global Alternatives 3-Year ROIIC % Historical Data
* 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.
TOBAF vs VPRB, XXII, CBDW: 3-Year ROIIC % Comparison
For the Tobacco subindustry, TAAT Global Alternatives'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.
TAAT Global Alternatives 3-Year ROIIC % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where TAAT Global Alternatives's 3-Year ROIIC % falls into.
TAAT Global Alternatives 3-Year ROIIC % Calculation
TAAT Global Alternatives's 3-Year ROIIC % for the quarter that ended in Oct. 2023 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -6.691 (Oct. 2023) - -7.361 (Oct. 2020) )
/
( 7.107 (Oct. 2023) - 1.266 (Oct. 2020) )
=
0.67
/
5.841
=
11.47%***
* 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.
TAAT Global Alternatives (TOBAF) has a 3-Year ROIIC % of 0.00 as of Oct. 2023. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' 3-Year ROIIC % too high?
TAAT Global Alternatives' current 3-Year ROIIC % is 0.00. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' 3-Year ROIIC % compare to VPRB and XXII?
TAAT Global Alternatives' 3-Year ROIIC % of 0.00 can be compared against companies in the Tobacco Products industry. The industry median 3-Year ROIIC % is 3.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Tobacco Products company?
The median 3-Year ROIIC % among Tobacco Products companies is 3.59, based on 46 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on TAAT Global Alternatives and its competitors. For the Tobacco Products industry, the median 3-Year ROIIC % is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAAT Global Alternatives's current 3-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current 3-Year ROIIC % of 0.00. The current 3-Year ROIIC % is 0.00. TAAT Global Alternatives' overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For TAAT Global Alternatives (TOBAF), the current 3-Year ROIIC % is 0.00 as of Oct. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.
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