Radiant Opto-Electronics (TPE:6176) 5-Year ROIIC % : -1.95% (As of Dec. 2023)

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What is Radiant Opto-Electronics 5-Year ROIIC %?

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. Radiant Opto-Electronics's 5-Year ROIIC % for the quarter that ended in Dec. 2023 was -1.95%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Radiant Opto-Electronics's 5-Year ROIIC % or its related term are showing as below:

TPE:6176's 5-Year ROIIC % is ranked worse than
59.62% of 2390 companies
in the Hardware industry
Industry Median: 3.03 vs TPE:6176: -1.95

Radiant Opto-Electronics 5-Year ROIIC % Historical Data

The historical data trend for Radiant Opto-Electronics's 5-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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Radiant Opto-Electronics 5-Year ROIIC % Chart

Radiant Opto-Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

5-Year ROIIC %

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1,000.89

315.95

58.58

-18.87

-1.95

Radiant Opto-Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
5-Year ROIIC %	Get a 7-Day Free Trial															-	-	-	-1.95	-

Competitive Comparison of Radiant Opto-Electronics's 5-Year ROIIC %

For the Electronic Components subindustry, Radiant Opto-Electronics's 5-Year ROIIC %, along with its competitors' market caps and 5-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.

Radiant Opto-Electronics's 5-Year ROIIC % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Radiant Opto-Electronics's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Radiant Opto-Electronics's 5-Year ROIIC % falls into.

Radiant Opto-Electronics 5-Year ROIIC % Calculation

Radiant Opto-Electronics's 5-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

5-Year ROIIC %	=	5-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	5-Year Incremental Invested Capital^**
	=	( 4007.7132015 (Dec. 2023) - 3884.5124395 (Dec. 2018) )	/	( 11439.597 (Dec. 2023) - 17760.553 (Dec. 2018) )
	=	123.200762	/	-6320.956
	=	-1.95%^***

** Annual data of NOPAT and Invested Capital was used to calculate 5-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.

Radiant Opto-Electronics (TPE:6176) 5-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.

Radiant Opto-Electronics 5-Year ROIIC % Related Terms

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Radiant Opto-Electronics (TPE:6176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Radiant Opto-Electronics Corp (TPE:6176) » Definitions » 5-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Central 6th Road, Qianzhen District, Kaohsiung City, TWN

Website

https://www.radiant.com.tw

Radiant Opto-Electronics Corp is a Taiwan-based company that is principally engaged in designing, manufacturing, assembling, and marketing backlight modules. The Group has two reportable segments: the domestic segment and Mainland China segment. The domestic segment engages in the manufacture and sale of light guide plates, backlight modules for LCDs, and lighting component. The Mainland China segment uses the technologies provided by the domestic segment to develop new designs of products according to the demands of various customers. Majority of revenue is generated from Mainland China.

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