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.
Heritage Global's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 19.53%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Heritage Global's 3-Year ROIIC % or its related term are showing as below:
HGBL's 3-Year ROIIC % is ranked better than 76.16% of 646
companies
in the Capital Markets industry
Industry Median: 1.7
vs HGBL: 19.53
Heritage Global 3-Year ROIIC % Historical Data
The historical data trend for Heritage Global'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 Heritage Global's 3-Year ROIIC %
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global's 3-Year ROIIC % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Heritage Global's 3-Year ROIIC % falls into.
Heritage Global 3-Year ROIIC % Calculation
Heritage Global'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**
=
( 11.819964 (Dec. 2023) - 3.6341517 (Dec. 2020) )
/
( 59.895 (Dec. 2023) - 17.983 (Dec. 2020) )
=
8.1858123
/
41.912
=
19.53%***
* 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.
Heritage Global (NAS:HGBL) 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.
Heritage Global 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Heritage Global's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Global (Heritage Global) Business Description
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.
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