10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
The Toro Co's 10-Year ROIIC % for the quarter that ended in Oct. 2023 was 15.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for The Toro Co's 10-Year ROIIC % or its related term are showing as below:
TTC's 10-Year ROIIC % is ranked better than 72.53% of 2752
companies
in the Industrial Products industry
Industry Median: 5.5
vs TTC: 15.05
The Toro Co 10-Year ROIIC % Historical Data
The historical data trend for The Toro Co's 10-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 The Toro Co's 10-Year ROIIC %
For the Tools & Accessories subindustry, The Toro Co's 10-Year ROIIC %, along with its competitors' market caps and 10-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.
The Toro Co's 10-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Toro Co's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where The Toro Co's 10-Year ROIIC % falls into.
The Toro Co 10-Year ROIIC % Calculation
The Toro Co's 10-Year ROIIC % for the quarter that ended in Oct. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 479.1024 (Oct. 2023) - 157.542146 (Oct. 2013) )
/
( 2620.8 (Oct. 2023) - 484.41 (Oct. 2013) )
=
321.560254
/
2136.39
=
15.05%***
* 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 10-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.
The Toro Co (NYSE:TTC) 10-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.
The Toro Co 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of The Toro Co's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
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