Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of -9.56% is 79% above its 5-year average of -44.72%, near the high end of its 5-year range (-89.71%–-9.35%).
As of the fiscal period ended Wednesday, December 31, 2025. 46.32% above its 12-month average of -17.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2025 (2025-12-31): -9.56%.
RETURN ON INVESTED CAPITAL (ROIC)
-9.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-17.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-20.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-44.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-47.67%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+46.32%
CURRENT VS 3Y AVG
+52.62%
CURRENT VS 5Y AVG
+78.62%
CURRENT VS 10Y AVG
+79.94%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
7.45%
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
-228.36%
vs the sector median at left
American Resources Corporation
Market Cap
$186.66M
Return on Invested Capital (ROIC)
-9.56%
TTM Avg
-17.81%
3Y Avg
-20.18%
5Y Avg
-44.72%
Market Cap
$182.84M
Return on Invested Capital (ROIC)
14.20%
TTM Avg
9.00%
3Y Avg
11.17%
5Y Avg
6.94%
Market Cap
$194.35M
Return on Invested Capital (ROIC)
14.20%
TTM Avg
9.00%
3Y Avg
11.17%
5Y Avg
6.94%
Market Cap
$179.33M
Return on Invested Capital (ROIC)
12.02%
TTM Avg
4.67%
3Y Avg
10.56%
5Y Avg
9.63%
Market Cap
$202.38M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$214.62M
Return on Invested Capital (ROIC)
-20.99%
TTM Avg
-20.25%
3Y Avg
-16.25%
5Y Avg
-13.67%
Market Cap
$223.94M
Return on Invested Capital (ROIC)
9.94%
TTM Avg
7.77%
3Y Avg
9.54%
5Y Avg
7.83%
Market Cap
$142.57M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-1.24%
3Y Avg
-12.15%
5Y Avg
-12.15%
Market Cap
$122.12M
Return on Invested Capital (ROIC)
-1.21%
TTM Avg
-11.23%
3Y Avg
-3.64%
5Y Avg
-2.55%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Resources Corporation (AREC) | $186.66M | -9.56% | -17.81% | -20.18% | -44.72% |
| Imperial Petroleum Inc. (IMPPP)vs › | $182.84M | 14.20% | 9.00% | 11.17% | 6.94% |
| Imperial Petroleum Inc. (IMPP)vs › | $194.35M | 14.20% | 9.00% | 11.17% | 6.94% |
| Epsilon Energy Ltd. (EPSN)vs › | $179.33M | 12.02% | 4.67% | 10.56% | 9.63% |
| GOWell Energy Technology (GOW)vs › | $202.38M | N/A | N/A | N/A | N/A |
| enCore Energy Corp. (EU)vs › | $214.62M | -20.99% | -20.25% | -16.25% | -13.67% |
| Kolibri Global Energy Inc. (KGEI)vs › | $223.94M | 9.94% | 7.77% | 9.54% | 7.83% |
| Greenland Energy Company Common Stock (GLND)vs › | $142.57M | N/A | -1.24% | -12.15% | -12.15% |
| DMC Global Inc. (BOOM)vs › | $122.12M | -1.21% | -11.23% | -3.64% | -2.55% |
| AleAnna, Inc. (ANNA)vs › | $112.18M | 13.54% | -1.76% | -9.42% | -9.42% |
ROIC
-9.6%
ROE
60.5%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | -9.56% |
| 2025-09-30 | -18.00% |
| 2025-06-30 | -20.37% |
| 2025-03-31 | -20.25% |
| 2024-12-31 | -20.88% |
| 2024-09-30 | -12.75% |
| 2024-06-30 | -9.97% |
| 2024-03-31 | -9.35% |
| 2023-12-31 | -43.97% |
| 2023-09-30 | -26.38% |
| 2023-06-30 | -30.54% |
| 2023-03-31 | -79.49% |
| 2022-12-31 | -59.72% |
| 2022-09-30 | -82.00% |
| 2022-06-30 | -88.16% |
| 2022-03-31 | -89.71% |
| 2021-12-31 | -88.01% |
| 2021-09-30 | -64.24% |
| 2021-06-30 | -42.89% |
| 2021-03-31 | -65.28% |
| 2020-12-31 | -57.60% |
| 2020-09-30 | -310.46% |
| 2020-06-30 | -329.00% |
| 2020-03-31 | -371.22% |
| 2019-12-31 | -328.15% |
| 2019-09-30 | -41.52% |
| 2019-06-30 | -36.62% |
| 2019-03-31 | -34.51% |
| 2018-12-31 | -39.32% |
| 2018-09-30 | -148.88% |
| 2018-06-30 | -93.95% |
| 2016-12-31 | -3154.11% |
| 2016-06-30 | -26.06% |
| 2016-03-31 | -34.74% |
| 2015-12-31 | -35.33% |
| 2015-09-30 | -36.91% |
| 2015-06-30 | -24.52% |
| 2015-03-31 | -11.56% |
| 2014-12-31 | -108.28% |
| 2014-09-30 | -79.11% |
