China Three Gorges Renewables (Group) Co (SHSE:600905) 5-Year ROIIC % : 4.78% (As of Dec. 2022)

View and export this data going back to 2021. Start your Free Trial

What is China Three Gorges Renewables (Group) Co 5-Year ROIIC %?

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. China Three Gorges Renewables (Group) Co's 5-Year ROIIC % for the quarter that ended in Dec. 2022 was 4.78%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for China Three Gorges Renewables (Group) Co's 5-Year ROIIC % or its related term are showing as below:

SHSE:600905's 5-Year ROIIC % is ranked better than
60.21% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.18 vs SHSE:600905: 4.78

China Three Gorges Renewables (Group) Co 5-Year ROIIC % Historical Data

The historical data trend for China Three Gorges Renewables (Group) Co's 5-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.

China Three Gorges Renewables (Group) Co 5-Year ROIIC % Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

5-Year ROIIC %

Get a 7-Day Free Trial

4.24

4.78

China Three Gorges Renewables (Group) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
5-Year ROIIC %	Get a 7-Day Free Trial															-	4.78	-	-	-

Competitive Comparison of China Three Gorges Renewables (Group) Co's 5-Year ROIIC %

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's 5-Year ROIIC %, along with its competitors' market caps and 5-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.

China Three Gorges Renewables (Group) Co's 5-Year ROIIC % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's 5-Year ROIIC % falls into.

China Three Gorges Renewables (Group) Co 5-Year ROIIC % Calculation

China Three Gorges Renewables (Group) Co's 5-Year ROIIC % for the quarter that ended in Dec. 2022 is calculated as:

5-Year ROIIC %	=	5-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	5-Year Incremental Invested Capital^**
	=	( 11619.5148693 (Dec. 2022) - 3133.2133204 (Dec. 2017) )	/	( 238025.658 (Dec. 2022) - 60482.186 (Dec. 2017) )
	=	8486.3015489	/	177543.472
	=	4.78%^***

** Annual data of NOPAT and Invested Capital was used to calculate 5-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.

China Three Gorges Renewables (Group) Co (SHSE:600905) 5-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.

China Three Gorges Renewables (Group) Co 5-Year ROIIC % Related Terms

Thank you for viewing the detailed overview of China Three Gorges Renewables (Group) Co's 5-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » 5-Year ROIIC %

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

China Three Gorges Renewables (Group) Co (SHSE:600905) Headlines

No Headlines