Ad-Sol Nissin (TSE:3837) 3-Year ROIIC % : 3.31% (As of Mar. 2023)

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What is Ad-Sol Nissin 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. Ad-Sol Nissin's 3-Year ROIIC % for the quarter that ended in Mar. 2023 was 3.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSE:3837's 3-Year ROIIC % is ranked better than
52.06% of 2601 companies
in the Software industry
Industry Median: 2.03 vs TSE:3837: 3.31

Ad-Sol Nissin 3-Year ROIIC % Historical Data

The historical data trend for Ad-Sol Nissin'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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Ad-Sol Nissin 3-Year ROIIC % Chart

Ad-Sol Nissin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

3-Year ROIIC %

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12.55

28.25

17.94

27.70

3.31

Ad-Sol Nissin 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															-	3.31	-	-	-

Competitive Comparison of Ad-Sol Nissin's 3-Year ROIIC %

For the Information Technology Services subindustry, Ad-Sol Nissin'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.

Ad-Sol Nissin's 3-Year ROIIC % Distribution in the Software Industry

For the Software industry and Technology sector, Ad-Sol Nissin's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Ad-Sol Nissin's 3-Year ROIIC % falls into.

Ad-Sol Nissin 3-Year ROIIC % Calculation

Ad-Sol Nissin'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^**
	=	( 820.8631054 (Mar. 2023) - 809.8467251 (Mar. 2020) )	/	( 4607.905 (Mar. 2023) - 4274.951 (Mar. 2020) )
	=	11.0163803	/	332.954
	=	3.31%^***

** 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.

Ad-Sol Nissin (TSE:3837) 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.

Ad-Sol Nissin 3-Year ROIIC % Related Terms

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Ad-Sol Nissin (TSE:3837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

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