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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.
Hengyuan Refining Co Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -5.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hengyuan Refining Co Bhd's 3-Year ROIIC % or its related term are showing as below:
XKLS:4324's 3-Year ROIIC % is ranked worse than 58.55% of 924
companies
in the Oil & Gas industry
Industry Median: -0.005
vs XKLS:4324: -5.60
Hengyuan Refining Co Bhd (XKLS:4324) 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.
Hengyuan Refining Co Bhd 3-Year ROIIC % Related Terms
Hengyuan Refining Co 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:4324 vs VLO, MPC, PSX: 3-Year ROIIC % Comparison
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd (XKLS:4324) has a 3-Year ROIIC % of -5.60 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hengyuan Refining Co Bhd and its competitors. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #541 out of 924 companies in the Oil & Gas industry, placing it in the top 58.5%.
Is Hengyuan Refining Co Bhd's 3-Year ROIIC % too high?
Hengyuan Refining Co Bhd's current 3-Year ROIIC % is -5.60. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #541 out of 924 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's 3-Year ROIIC % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #541 out of 924 companies for 3-Year ROIIC %. This places Hengyuan Refining Co Bhd in the lower half of its industry. 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 an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas 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 Hengyuan Refining Co Bhd and its competitors. Hengyuan Refining Co Bhd's current 3-Year ROIIC % is -5.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.18, compared to a current price of RM1.57 — trading 33.1% above its estimated fair value. The current 3-Year ROIIC % is -5.60. Hengyuan Refining Co Bhd's overall GF Score™ is 52/100 with 3 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 Hengyuan Refining Co Bhd (XKLS:4324), the current 3-Year ROIIC % is -5.60 as of Dec. 2025. 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.
Is Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be overvalued.
The current stock price of RM1.57 is trading 33.1% above its estimated GF Value™ of RM1.18.
GuruFocus considers Hengyuan Refining Co Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:4324:
3-Year ROIIC %: -5.60
GF Value™: RM1.18 vs. price of RM1.57 (33.1% above fair value)
No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
52GF Score
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