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Top 10 Split Trust (TSX:TXT.UN) 3-Year ROIIC % : -46.54% (As of Dec. 2023)


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What is Top 10 Split Trust 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. Top 10 Split Trust's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -46.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Top 10 Split Trust's 3-Year ROIIC % or its related term are showing as below:

TSX:TXT.UN's 3-Year ROIIC % is ranked worse than
87.66% of 608 companies
in the Asset Management industry
Industry Median: 2.26 vs TSX:TXT.UN: -46.54

Top 10 Split Trust 3-Year ROIIC % Historical Data

The historical data trend for Top 10 Split Trust'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.

Top 10 Split Trust 3-Year ROIIC % Chart

Top 10 Split Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only - 65.08 -135.88 43.39 -46.54

Top 10 Split Trust Semi-Annual Data
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 -135.88 - 43.39 - -46.54

Competitive Comparison of Top 10 Split Trust's 3-Year ROIIC %

For the Asset Management subindustry, Top 10 Split Trust'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.


Top 10 Split Trust's 3-Year ROIIC % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Top 10 Split Trust's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Top 10 Split Trust's 3-Year ROIIC % falls into.



Top 10 Split Trust 3-Year ROIIC % Calculation

Top 10 Split Trust'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**
=( 0.912 (Dec. 2023) - -1.92 (Dec. 2020) )/( 8.164 (Dec. 2023) - 14.249 (Dec. 2020) )
=2.832/-6.085
=-46.54%***

* 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.


Top 10 Split Trust  (TSX:TXT.UN) 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.


Top 10 Split Trust 3-Year ROIIC % Related Terms

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Top 10 Split Trust (TSX:TXT.UN) Business Description

Traded in Other Exchanges
Address
121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9
Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

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