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.
San Shing Fastech's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 533.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for San Shing Fastech's 3-Year ROIIC % or its related term are showing as below:
TPE:5007's 3-Year ROIIC % is ranked better than 98.94% of 2918
companies
in the Industrial Products industry
Industry Median: 5.895
vs TPE:5007: 533.06
San Shing Fastech 3-Year ROIIC % Historical Data
The historical data trend for San Shing Fastech'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.
Competitive Comparison of San Shing Fastech's 3-Year ROIIC %
For the Tools & Accessories subindustry, San Shing Fastech'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.
San Shing Fastech's 3-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, San Shing Fastech's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where San Shing Fastech's 3-Year ROIIC % falls into.
San Shing Fastech 3-Year ROIIC % Calculation
San Shing Fastech'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)**
* 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.
San Shing Fastech (TPE:5007) 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.
San Shing Fastech 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of San Shing Fastech's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
San Shing Fastech Corp is a Taiwanese manufacturer of steel nuts and bolts. It also produces washers, screws, wire processing, machineries, dies, and vehicle fasteners for automobiles. The company's reportable segments are; the Fastener segment which focuses on the manufacturing and marketing of bolts, nuts, and washers, processing of wires, and heat treatment; the Machine / Tooling segment focuses on the manufacturing and marketing of toolings and machines; and the Other Operation segment focuses on the marketing of wires, investments, and other financial income and expenditure, etc. The majority of the company's revenue is generated from its Fastener segment. Geographically, key revenue for the firm is derived from the USA followed by Germany, Taiwan, and other regions.
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