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.
Innovative Eyewear's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was -910.87%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Innovative Eyewear's 3-Year ROIIC % or its related term are showing as below:
LUCY's 3-Year ROIIC % is ranked worse than 97.59% of 829
companies
in the Medical Devices & Instruments industry
Industry Median: -3.11
vs LUCY: -910.87
Innovative Eyewear 3-Year ROIIC % Historical Data
The historical data trend for Innovative Eyewear'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 Innovative Eyewear's 3-Year ROIIC %
For the Medical Instruments & Supplies subindustry, Innovative Eyewear'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.
Innovative Eyewear's 3-Year ROIIC % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Innovative Eyewear's 3-Year ROIIC % falls into.
Innovative Eyewear 3-Year ROIIC % Calculation
Innovative Eyewear'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**
=
( -6.856 (Dec. 2023) - -0.653 (Dec. 2020) )
/
( 1.35 (Dec. 2023) - 0.669 (Dec. 2020) )
=
-6.203
/
0.681
=
-910.87%***
* 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.
Innovative Eyewear 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Innovative Eyewear's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovative Eyewear (Innovative Eyewear) Business Description
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
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