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.
The Kroger Co's 3-Year ROIIC % for the quarter that ended in Jan. 2024 was -15.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for The Kroger Co's 3-Year ROIIC % or its related term are showing as below:
KR's 3-Year ROIIC % is ranked worse than 75.75% of 301
companies
in the Retail - Defensive industry
Industry Median: 3.4
vs KR: -15.34
The Kroger Co 3-Year ROIIC % Historical Data
The historical data trend for The Kroger Co'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 The Kroger Co's 3-Year ROIIC %
For the Grocery Stores subindustry, The Kroger Co'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.
The Kroger Co's 3-Year ROIIC % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Kroger Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where The Kroger Co's 3-Year ROIIC % falls into.
The Kroger Co 3-Year ROIIC % Calculation
The Kroger Co's 3-Year ROIIC % for the quarter that ended in Jan. 2024 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2390.7648 (Jan. 2024) - 2157.312 (Jan. 2021) )
/
( 41911 (Jan. 2024) - 43433 (Jan. 2021) )
=
233.4528
/
-1522
=
-15.34%***
* 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.
The Kroger Co (NYSE:KR) 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.
The Kroger Co 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of The Kroger Co's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Kroger Co (The Kroger Co) Business Description
Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.
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