Parkit Enterprise (TSXV:PKT) 3-Year ROIIC % : 1.31% (As of Dec. 2023)

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What is Parkit Enterprise 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. Parkit Enterprise's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 1.31%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

TSXV:PKT's 3-Year ROIIC % is ranked worse than
54.05% of 1754 companies
in the Real Estate industry
Industry Median: 2.265 vs TSXV:PKT: 1.31

Parkit Enterprise 3-Year ROIIC % Historical Data

The historical data trend for Parkit Enterprise'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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Parkit Enterprise 3-Year ROIIC % Chart

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

3-Year ROIIC %

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-49.37

4.91

-2.01

0.79

1.31

Parkit Enterprise Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
3-Year ROIIC %	Get a 7-Day Free Trial															0.79	-	-	-	1.31

Competitive Comparison of Parkit Enterprise's 3-Year ROIIC %

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's 3-Year ROIIC % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's 3-Year ROIIC % distribution charts can be found below:

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

Parkit Enterprise 3-Year ROIIC % Calculation

Parkit Enterprise'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^**
	=	( 3.264 (Dec. 2023) - -0.6223105 (Oct. 2020) )	/	( 311.425 (Dec. 2023) - 14.711 (Oct. 2020) )
	=	3.8863105	/	296.714
	=	1.31%^***

** 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.

Parkit Enterprise (TSXV:PKT) 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.

Parkit Enterprise 3-Year ROIIC % Related Terms

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Parkit Enterprise (TSXV:PKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (TSXV:PKT) » Definitions » 3-Year ROIIC %

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Traded in Other Exchanges

PKTEF:USA

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.

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