Magellan Aerospace (TSX:MAL) 3-Year ROIIC % : 19.78% (As of Dec. 2023)

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What is Magellan Aerospace 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. Magellan Aerospace's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 19.78%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSX:MAL's 3-Year ROIIC % is ranked better than
74.24% of 295 companies
in the Aerospace & Defense industry
Industry Median: 2.41 vs TSX:MAL: 19.78

Magellan Aerospace 3-Year ROIIC % Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace 3-Year ROIIC % Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

3-Year ROIIC %

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-14.04

-127.78

-7,491.66

96.28

19.78

Magellan Aerospace Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
3-Year ROIIC %	Get a 7-Day Free Trial															96.28	-	-	-	19.78

Competitive Comparison of Magellan Aerospace's 3-Year ROIIC %

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace's 3-Year ROIIC % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's 3-Year ROIIC % distribution charts can be found below:

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

Magellan Aerospace 3-Year ROIIC % Calculation

Magellan Aerospace'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^**
	=	( 13.9996815 (Dec. 2023) - 10.2245632 (Dec. 2020) )	/	( 884.746 (Dec. 2023) - 865.659 (Dec. 2020) )
	=	3.7751183	/	19.087
	=	19.78%^***

** 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.

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace 3-Year ROIIC % Related Terms

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Magellan Aerospace (TSX:MAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

MALJF:USA 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

Magellan Aerospace (TSX:MAL) Headlines

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