Ares Asia (HKSE:00645) 3-Year ROIIC %

: 12.64% (As of Mar. 2023)

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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. Ares Asia's 3-Year ROIIC % for the quarter that ended in Mar. 2023 was 12.64%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

HKSE:00645's 3-Year ROIIC % is ranked better than
53.37% of 163 companies
in the Other Energy Sources industry
Industry Median: 7.28 vs HKSE:00645: 12.64

Ares Asia 3-Year ROIIC % Historical Data

The historical data trend for Ares Asia'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.

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Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

3-Year ROIIC %

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-19.93

1.18

-6.66

15.70

12.64

Ares Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
3-Year ROIIC %	Get a 7-Day Free Trial															-	15.70	-	12.64	-

Competitive Comparison

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia 3-Year ROIIC % Distribution

For the Other Energy Sources industry and Energy sector, Ares Asia's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Ares Asia's 3-Year ROIIC % falls into.

Ares Asia 3-Year ROIIC % Calculation

Ares Asia's 3-Year ROIIC % for the quarter that ended in Mar. 2023 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( -6.4567092 (Mar. 2023) - -0.909 (Mar. 2020) )	/	( 6.821 (Mar. 2023) - 50.722 (Mar. 2020) )
	=	-5.5477092	/	-43.901
	=	12.64%^***

** 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.

Ares Asia (HKSE:00645) 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.

Ares Asia 3-Year ROIIC % Related Terms

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Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » 3-Year ROIIC %

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

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