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Northern Solar Holdings BhdXKLS:0340 18 3-Year ROIIC % is 16.13 as of Mar. 2026, which is 25% below its 10-year median of 21.42. GuruFocus rates XKLS:0340 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 996 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 67.97% on this metric.
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.
Northern Solar Holdings Bhd's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 16.13%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Northern Solar Holdings Bhd's 3-Year ROIIC % or its related term are showing as below:
XKLS:0340's 3-Year ROIIC % is ranked better than 67.97% of 996
companies
in the Semiconductors industry
Industry Median: -0.145
vs XKLS:0340: 16.13
Northern Solar Holdings Bhd (XKLS:0340) 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.
Northern Solar Holdings Bhd 3-Year ROIIC % Related Terms
Northern Solar Holdings Bhd 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.
XKLS:0340 vs FSLR, NXT, ENPH: 3-Year ROIIC % Comparison
For the Solar subindustry, Northern Solar Holdings Bhd'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.
Northern Solar Holdings Bhd 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Northern Solar Holdings Bhd's 3-Year ROIIC % falls into.
* 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.
Northern Solar Holdings Bhd (XKLS:0340) has a 3-Year ROIIC % of 16.13 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Northern Solar Holdings Bhd and its competitors. This is 25% below median its historical median of 21.42. Over the past decade, Northern Solar Holdings Bhd's 3-Year ROIIC % has ranged from 16.13 to 26.70. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #319 out of 996 companies in the Semiconductors industry, placing it in the top 32%.
Is Northern Solar Holdings Bhd's 3-Year ROIIC % too high?
Northern Solar Holdings Bhd's current 3-Year ROIIC % of 16.13 is 25% below median its 10-year median of 21.42. Over the past 10 years, this metric has ranged from a low of 16.13 to a high of 26.70. Based on the distribution chart, Northern Solar Holdings Bhd ranks #319 out of 996 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's 3-Year ROIIC % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #319 out of 996 companies for 3-Year ROIIC %. This puts Northern Solar Holdings Bhd in the upper half of its industry. Historically, Northern Solar Holdings Bhd's own 3-Year ROIIC % has ranged from 16.13 to 26.70 over the past decade. 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 Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. 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 Northern Solar Holdings Bhd and its competitors. Northern Solar Holdings Bhd's current 3-Year ROIIC % is 16.13, which is 25% below median its own 10-year median of 21.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current 3-Year ROIIC % of 16.13. The current 3-Year ROIIC % is 16.13, which is 25% below median its 10-year median of 21.42. Northern Solar Holdings Bhd's overall GF Score™ is 18/100 with 4 warning signs to review. 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 Northern Solar Holdings Bhd (XKLS:0340), the current 3-Year ROIIC % is 16.13 as of Mar. 2026. 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
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