1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Apple's 1-Year ROIIC % for the quarter that ended in Sep. 2023 was 16.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Apple's 1-Year ROIIC % or its related term are showing as below:
AAPL's 1-Year ROIIC % is ranked better than 61.3% of 2408
companies
in the Hardware industry
Industry Median: 4.42
vs AAPL: 16.85
Apple 1-Year ROIIC % Historical Data
The historical data trend for Apple's 1-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.
* Premium members only.
Apple Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
1-Year ROIIC %
7.01
36.86
86.52
27.69
16.85
Apple Quarterly Data
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
1-Year ROIIC %
27.69
128.26
68.28
31.71
16.85
Competitive Comparison
For the Consumer Electronics subindustry, Apple's 1-Year ROIIC %, along with its competitors' market caps and 1-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.
Apple 1-Year ROIIC % Distribution
For the Hardware industry and Technology sector, Apple's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Apple's 1-Year ROIIC % falls into.
Apple 1-Year ROIIC % Calculation
Apple's 1-Year ROIIC % for the quarter that ended in Sep. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-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.
Apple (NAS:AAPL) 1-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.
Apple 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Apple's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods, among others. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is well known for its integration of hardware, software, semiconductors, and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
0.07(0.03%) Volume: 5,888,543 10:09AM EST
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
AAPL has been successfully added to your 