Qorvo (NAS:QRVO) 3-Year ROIIC %

: 59.97% (As of Mar. 2022)

View and export this data going back to 2015. Start your Free Trial

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. Qorvo's 3-Year ROIIC % for the quarter that ended in Mar. 2022 was 59.97%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

QRVO's 3-Year ROIIC % is ranked better than
81.41% of 925 companies
in the Semiconductors industry
Industry Median: 14.53 vs QRVO: 59.97

Competitive Comparison

For the Semiconductors subindustry, Qorvo'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

Qorvo 3-Year ROIIC % Distribution

For the Semiconductors industry and Technology sector, Qorvo's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Qorvo'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.

Qorvo 3-Year ROIIC % Calculation

Qorvo's 3-Year ROIIC % for the quarter that ended in Mar. 2022 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( 1072.6877681 (Mar. 2022) - 313.9406398 (Mar. 2019) )	/	( 5968.379 (Mar. 2022) - 4703.166 (Mar. 2019) )
	=	758.7471283	/	1265.213
	=	59.97 %

* 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 %.

Qorvo (NAS:QRVO) 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.

Qorvo 3-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of Qorvo's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Qorvo (NAS:QRVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (NAS:QRVO) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

QRVO:Mexico 2QO:Germany Q1RV34:Brazil

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Executives

Frank P. Stewart	officer: VP, Advanced Cellular	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Grant Brown	officer: VP of Treasury & Interim CFO	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley	officer: Pres. Infra & Defense	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Paul J Fego	officer: VP, Global Operations	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Mark J. Murphy	officer: Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Gina Harrison	officer: VP and Corporate Controller	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Michael J. Laber	officer: VP and Corporate Controller	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Steven J Buhaly	officer: CFO and Secretary	1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Daniel A Dileo	director	C/O RF MICRO DEVICES, 7628 THORNDIKE ROAD, GREENSBORO NC 27409
C Scott Gibson	director	PMB 316, PO BOX 30,000, JACKSON WY 83002
Roderick Nelson	director	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Ho David H Y	director	5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416