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.
Altra Industrial Motion's 3-Year ROIIC % for the quarter that ended in Dec. 2022 was 4.50%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Altra Industrial Motion's 3-Year ROIIC % or its related term are showing as below:
AIMC's 3-Year ROIIC % is not ranked
in the Industrial Products industry.
Industry Median: 4.69
vs AIMC: 4.50
Altra Industrial Motion 3-Year ROIIC % Historical Data
* 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 Altra Industrial Motion's 3-Year ROIIC %
For the Specialty Industrial Machinery subindustry, Altra Industrial Motion'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.
Altra Industrial Motion's 3-Year ROIIC % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Altra Industrial Motion's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Altra Industrial Motion's 3-Year ROIIC % falls into.
Altra Industrial Motion 3-Year ROIIC % Calculation
Altra Industrial Motion's 3-Year ROIIC % for the quarter that ended in Dec. 2022 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 173.62892 (Dec. 2022) - 204.44706 (Dec. 2019) )
/
( 3123.2 (Dec. 2022) - 3808.2 (Dec. 2019) )
=
-30.81814
/
-685
=
4.50%***
* 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.
Altra Industrial Motion (NAS:AIMC) 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.
Altra Industrial Motion 3-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Altra Industrial Motion's 3-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Altra Industrial Motion (Altra Industrial Motion) Business Description
Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of electromechanical power transmission motion control. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns majority of its revenue in North America ( primarily the United States).
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