ZKIN (ZK International Group Co) 3-Year ROIIC % : 37.59% (As of Sep. 2023)

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What is ZK International Group Co 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. ZK International Group Co's 3-Year ROIIC % for the quarter that ended in Sep. 2023 was 37.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for ZK International Group Co's 3-Year ROIIC % or its related term are showing as below:

ZKIN's 3-Year ROIIC % is ranked better than
81.64% of 621 companies
in the Steel industry
Industry Median: 5.58 vs ZKIN: 37.59

ZK International Group Co 3-Year ROIIC % Historical Data

The historical data trend for ZK International Group Co'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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ZK International Group Co 3-Year ROIIC % Chart

ZK International Group Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

3-Year ROIIC %

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9.38

-27.19

-21.62

-22.20

37.59

ZK International Group Co Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
3-Year ROIIC %	Get a 7-Day Free Trial												-	-22.20	-	37.59	-

Competitive Comparison of ZK International Group Co's 3-Year ROIIC %

For the Steel subindustry, ZK International Group Co'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.

ZK International Group Co's 3-Year ROIIC % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ZK International Group Co's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where ZK International Group Co's 3-Year ROIIC % falls into.

ZK International Group Co 3-Year ROIIC % Calculation

ZK International Group Co's 3-Year ROIIC % for the quarter that ended in Sep. 2023 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( -7.186424 (Sep. 2023) - -0.6942905 (Sep. 2020) )	/	( 44.778 (Sep. 2023) - 62.047 (Sep. 2020) )
	=	-6.4921335	/	-17.269
	=	37.59%^***

** 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.

ZK International Group Co (NAS:ZKIN) 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.

ZK International Group Co 3-Year ROIIC % Related Terms

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ZK International Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ZK International Group Co Ltd (NAS:ZKIN) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Zhejiang Zhengkang Industrial Co., Ltd., No. 678 Dingxiang Road, Binhai Industrial Park, Zhejiang Province, Economic and Technology Development Zone, Wenzhou, CHN, 325025

Website

https://www.zkinternationalgroup.com

ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings, single-press tubes and fittings, and stainless-steel strips. The products are used in restaurants, hotels, hospitals, firefighting, food, beverage, ships, engines, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, and gas of large/middle scale construction projects.