10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Sun Life Financial's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 1.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Sun Life Financial's 10-Year ROIIC % or its related term are showing as below:
TSX:SLF.PR.E.PFD's 10-Year ROIIC % is ranked worse than 51.77% of 282
companies
in the Insurance industry
Industry Median: 1.65
vs TSX:SLF.PR.E.PFD: 1.49
Sun Life Financial 10-Year ROIIC % Historical Data
The historical data trend for Sun Life Financial's 10-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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Sun Life Financial Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
10-Year ROIIC %
-0.05
1.16
2.92
1.86
1.49
Sun Life Financial Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
10-Year ROIIC %
1.86
-
-
-
1.49
Competitive Comparison
For the Insurance - Diversified subindustry, Sun Life Financial's 10-Year ROIIC %, along with its competitors' market caps and 10-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.
Sun Life Financial 10-Year ROIIC % Distribution
For the Insurance industry and Financial Services sector, Sun Life Financial's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Sun Life Financial's 10-Year ROIIC % falls into.
Sun Life Financial 10-Year ROIIC % Calculation
Sun Life Financial's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 3956.2614 (Dec. 2023) - 2114.1915 (Dec. 2013) )
/
( 316777.8 (Dec. 2023) - 193217.7 (Dec. 2013) )
=
1842.0699
/
123560.1
=
1.49%***
* 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 10-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.
Sun Life Financial (TSX:SLF.PR.E.PFD) 10-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.
Sun Life Financial 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Sun Life Financial's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Life Financial (TSX:SLF.PR.E.PFD) Business Description
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.
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