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.
MRC Global's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was -109.70%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for MRC Global's 1-Year ROIIC % or its related term are showing as below:
MRC's 1-Year ROIIC % is ranked worse than 83.01% of 989
companies
in the Oil & Gas industry
Industry Median: 1.8
vs MRC: -109.70
MRC Global 1-Year ROIIC % Historical Data
The historical data trend for MRC Global'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.
Competitive Comparison of MRC Global's 1-Year ROIIC %
For the Oil & Gas Equipment & Services subindustry, MRC Global'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.
MRC Global's 1-Year ROIIC % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MRC Global's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where MRC Global's 1-Year ROIIC % falls into.
MRC Global 1-Year ROIIC % Calculation
MRC Global's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 139.3337 (Dec. 2023) - 95.452 (Dec. 2022) )
/
( 1298 (Dec. 2023) - 1338 (Dec. 2022) )
=
43.8817
/
-40
=
-109.70%***
* 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.
MRC Global (NYSE:MRC) 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.
MRC Global 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of MRC Global's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
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