Agnico Eagle Mines (NYSE:AEM) 3-Year ROIIC %

: 4.03% (As of Dec. 2022)

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3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Agnico Eagle Mines's 3-Year ROIIC % for the quarter that ended in Dec. 2022 was 4.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Agnico Eagle Mines's 3-Year ROIIC % or its related term are showing as below:

AEM's 3-Year ROIIC % is ranked better than
65.57% of 2190 companies
in the Metals & Mining industry
Industry Median: -4.68 vs AEM: 4.03

Agnico Eagle Mines 3-Year ROIIC % Historical Data

The historical data trend for Agnico Eagle Mines's 3-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.

Agnico Eagle Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

3-Year ROIIC %

25.55

8.62

12.78

18.39

4.03

Agnico Eagle Mines Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
3-Year ROIIC %																-	-	4.03	-	-

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines's 3-Year ROIIC %, along with its competitors' market caps and 3-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.

Annual Data Quarterly Data

Agnico Eagle Mines 3-Year ROIIC % Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's 3-Year ROIIC % falls in comparison to its industry or sector. The grey bar indicates the 3-Year ROIIC %'s extreme value range as defined by GuruFocus.

Agnico Eagle Mines 3-Year ROIIC % Calculation

Agnico Eagle Mines's 3-Year ROIIC % for the quarter that ended in Dec. 2022 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( 867.0440181 (Dec. 2022) - 299.0142225 (Dec. 2019) )	/	( 22133.101 (Dec. 2022) - 8074.709 (Dec. 2019) )
	=	568.0297956	/	14058.392
	=	4.04%^***

** Annual data of NOPAT and Invested Capital was used to calculate 3-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.

Agnico Eagle Mines (NYSE:AEM) 3-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.

Agnico Eagle Mines 3-Year ROIIC % Related Terms

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Agnico Eagle Mines (NYSE:AEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.