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.
Smart Parking's 3-Year ROIIC % for the quarter that ended in Jun. 2023 was 104.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Smart Parking's 3-Year ROIIC % or its related term are showing as below:
ASX:SPZ's 3-Year ROIIC % is ranked better than 93.05% of 1611
companies
in the Construction industry
Industry Median: 2.79
vs ASX:SPZ: 104.93
Smart Parking 3-Year ROIIC % Historical Data
The historical data trend for Smart Parking'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.
Competitive Comparison of Smart Parking's 3-Year ROIIC %
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking's 3-Year ROIIC % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Smart Parking's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Smart Parking's 3-Year ROIIC % falls into.
Smart Parking 3-Year ROIIC % Calculation
Smart Parking's 3-Year ROIIC % for the quarter that ended in Jun. 2023 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
* 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.
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.
Smart Parking 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Smart Parking's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.
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