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.
Great-West Lifeco's 5-Year ROIIC % for the quarter that ended in Dec. 2023 was 0.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Great-West Lifeco's 5-Year ROIIC % or its related term are showing as below:
TSX:GWO.PR.Q.PFD's 5-Year ROIIC % is ranked worse than 70.47% of 298
companies
in the Insurance industry
Industry Median: 2.495
vs TSX:GWO.PR.Q.PFD: 0.06
Great-West Lifeco 5-Year ROIIC % Historical Data
The historical data trend for Great-West Lifeco'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.
Competitive Comparison of Great-West Lifeco's 5-Year ROIIC %
For the Insurance - Life subindustry, Great-West Lifeco'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.
Great-West Lifeco's 5-Year ROIIC % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Great-West Lifeco's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Great-West Lifeco's 5-Year ROIIC % falls into.
Great-West Lifeco 5-Year ROIIC % Calculation
Great-West Lifeco'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**
=
( 3417.8306 (Dec. 2023) - 3255.253 (Dec. 2018) )
/
( 704148.6 (Dec. 2023) - 422058.6 (Dec. 2018) )
=
162.5776
/
282090
=
0.06%***
* 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 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.
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.
Great-West Lifeco 5-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Great-West Lifeco's 5-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 31% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 26%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the UK, Ireland, and Germany. The Europe segment contributed around 21% of adjusted earnings and the reinsurance business accounts for around 22% of adjusted earnings.
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