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.
ToughBuilt Industries's 1-Year ROIIC % for the quarter that ended in Sep. 2023 was 2.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for ToughBuilt Industries's 1-Year ROIIC % or its related term are showing as below:
TBLT's 1-Year ROIIC % is ranked worse than 51.97% of 2671
companies
in the Industrial Products industry
Industry Median: 3.92
vs TBLT: 2.49
ToughBuilt Industries 1-Year ROIIC % Historical Data
The historical data trend for ToughBuilt Industries'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 ToughBuilt Industries's 1-Year ROIIC %
For the Tools & Accessories subindustry, ToughBuilt Industries'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.
ToughBuilt Industries's 1-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ToughBuilt Industries's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where ToughBuilt Industries's 1-Year ROIIC % falls into.
ToughBuilt Industries 1-Year ROIIC % Calculation
ToughBuilt Industries'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)**
/
1-Year Incremental Invested Capital
=
( -52.662 (Sep. 2023) - -51.998 (Sep. 2022) )
/
( 32.787 (Sep. 2023) - 59.47 (Sep. 2022) )
=
-0.664
/
-26.683
=
2.49%***
* 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.
** 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.
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.
ToughBuilt Industries 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of ToughBuilt Industries's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
ToughBuilt Industries (ToughBuilt Industries) Business Description
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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