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HK Electric Investments and HK Electric Investments (HKSE:02638) 3-Year ROIIC % : 37.22% (As of Dec. 2023)


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What is HK Electric Investments and HK Electric Investments 3-Year ROIIC %?

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. HK Electric Investments and HK Electric Investments's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 37.22%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for HK Electric Investments and HK Electric Investments's 3-Year ROIIC % or its related term are showing as below:

HKSE:02638's 3-Year ROIIC % is ranked better than
87.03% of 501 companies
in the Utilities - Regulated industry
Industry Median: 4.3 vs HKSE:02638: 37.22

HK Electric Investments and HK Electric Investments 3-Year ROIIC % Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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.

HK Electric Investments and HK Electric Investments 3-Year ROIIC % Chart

HK Electric Investments and HK Electric Investments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.97 -13.13 -2.57 11.84 37.22

HK Electric Investments and HK Electric Investments Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.57 - 11.84 - 37.22

Competitive Comparison of HK Electric Investments and HK Electric Investments's 3-Year ROIIC %

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.


HK Electric Investments and HK Electric Investments's 3-Year ROIIC % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's 3-Year ROIIC % falls into.



HK Electric Investments and HK Electric Investments 3-Year ROIIC % Calculation

HK Electric Investments and HK Electric Investments's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 4225.5885 (Dec. 2023) - 3462.1344 (Dec. 2020) )/( 116895 (Dec. 2023) - 114844 (Dec. 2020) )
=763.4541/2051
=37.22%***

* 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.

** 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.


HK Electric Investments and HK Electric Investments  (HKSE:02638) 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.


HK Electric Investments and HK Electric Investments 3-Year ROIIC % Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Traded in Other Exchanges
Address
44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG
HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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