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 7.20% is 12% below its 5-year average of 8.22%, near the low end of its 5-year range (5.44%–13.15%).
As of the fiscal period ended Tuesday, June 30, 2026. 15.34% above its 12-month average of 6.24%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
7.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
6.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
7.13%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.83%
CURRENT VS TTM AVG
+15.34%
CURRENT VS 3Y AVG
+15.22%
CURRENT VS 5Y AVG
-12.43%
CURRENT VS 10Y AVG
+15.24%
CURRENT VS 15Y AVG
+1.00%
CURRENT VS 20Y AVG
-8.00%
SECTOR MEDIAN · TECHNOLOGY
8.67%
median of 188 covered companies
CURRENT VS SECTOR MEDIAN
-16.95%
vs the sector median at left
ASE Technology Holding Co., Ltd.
Market Cap
$81.25B
Return on Invested Capital (ROIC)
7.20%
TTM Avg
6.24%
3Y Avg
6.25%
5Y Avg
8.22%
Market Cap
$80.56B
Return on Invested Capital (ROIC)
16.59%
TTM Avg
18.95%
3Y Avg
19.16%
5Y Avg
18.05%
Market Cap
$84.17B
Return on Invested Capital (ROIC)
1.82%
TTM Avg
7.06%
3Y Avg
11.34%
5Y Avg
11.10%
Market Cap
$84.38B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
0.17%
3Y Avg
-0.80%
5Y Avg
-0.85%
Market Cap
$71.17B
Return on Invested Capital (ROIC)
8.17%
TTM Avg
1.58%
3Y Avg
-2.18%
5Y Avg
0.95%
Market Cap
$93.30B
Return on Invested Capital (ROIC)
13.29%
TTM Avg
13.77%
3Y Avg
18.23%
5Y Avg
18.78%
Market Cap
$69.19B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
3.59%
3Y Avg
4.35%
5Y Avg
4.42%
Market Cap
$98.28B
Return on Invested Capital (ROIC)
16.02%
TTM Avg
15.42%
3Y Avg
13.33%
5Y Avg
12.92%
Market Cap
$62.29B
Return on Invested Capital (ROIC)
18.22%
TTM Avg
15.76%
3Y Avg
18.62%
5Y Avg
17.70%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. (ASX) | $81.25B | 7.20% | 6.24% | 6.25% | 8.22% |
| Motorola Solutions, Inc. (MSI)vs › | $80.56B | 16.59% | 18.95% | 19.16% | 18.05% |
| Synopsys, Inc. (SNPS)vs › | $84.17B | 1.82% | 7.06% | 11.34% | 11.10% |
| Datadog, Inc. (DDOG)vs › | $84.38B | 0.23% | 0.17% | -0.80% | -0.85% |
| Lumentum Holdings Inc. (LITE)vs › | $71.17B | 8.17% | 1.58% | -2.18% | 0.95% |
| Cadence Design Systems, Inc. (CDNS)vs › | $93.30B | 13.29% | 13.77% | 18.23% | 18.78% |
| Hewlett Packard Enterprise Company (HPE)vs › | $69.19B | 4.62% | 3.59% | 4.35% | 4.42% |
| Intuit Inc. (INTU)vs › | $98.28B | 16.02% | 15.42% | 13.33% | 12.92% |
| Monolithic Power Systems, Inc. (MPWR)vs › | $62.29B | 18.22% | 15.76% | 18.62% | 17.70% |
| TE Connectivity plc (TEL)vs › | $59.46B | 13.59% | 11.73% | 12.72% | 13.02% |
ROIC
7.2%
ROE
15.9%
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) |
|---|---|
| 2026-06-30 | 7.20% |
| 2026-03-31 | 6.86% |
| 2025-12-31 | 6.02% |
| 2025-09-30 | 5.44% |
| 2025-06-30 | 5.69% |
| 2025-03-31 | 6.06% |
| 2024-12-31 | 5.91% |
| 2024-09-30 | 5.78% |
| 2024-06-30 | 6.21% |
| 2024-03-31 | 6.23% |
| 2023-12-31 | 6.27% |
| 2023-09-30 | 7.32% |
| 2023-06-30 | 9.87% |
| 2023-03-31 | 11.64% |
| 2022-12-31 | 12.68% |
| 2022-09-30 | 13.15% |
| 2022-06-30 | 12.61% |
| 2022-03-31 | 11.37% |
| 2021-12-31 | 10.16% |
| 2021-09-30 | 8.73% |
| 2021-06-30 | 7.49% |
| 2021-03-31 | 6.62% |
| 2020-12-31 | 6.19% |
| 2020-09-30 | 5.62% |
| 2020-06-30 | 5.68% |
| 2020-03-31 | 4.55% |
| 2019-12-31 | 4.08% |
| 2019-09-30 | 4.09% |
| 2019-06-30 | 4.37% |
| 2019-03-31 | 4.93% |
| 2018-12-31 | 5.28% |
| 2018-09-30 | 5.20% |
| 2018-06-30 | 4.92% |
| 2018-03-31 | 6.41% |
| 2017-12-31 | 6.90% |
| 2017-09-30 | 6.97% |
| 2017-06-30 | 7.15% |
| 2017-03-31 | 7.36% |
| 2016-12-31 | 7.69% |
| 2016-09-30 | 6.74% |
| 2016-06-30 | 6.87% |
| 2016-03-31 | 6.28% |
| 2015-12-31 | 6.96% |
| 2015-09-30 | 7.96% |
| 2015-06-30 | 9.52% |
| 2015-03-31 | 10.24% |
| 2014-12-31 | 9.83% |
| 2014-09-30 | 9.75% |
| 2014-06-30 | 9.40% |
| 2014-03-31 | 8.55% |
| 2013-12-31 | 7.63% |
| 2013-09-30 | 7.10% |
| 2013-06-30 | 7.68% |
| 2013-03-31 | 7.19% |
| 2012-12-31 | 6.95% |
| 2012-09-30 | 6.31% |
| 2012-06-30 | 6.58% |
| 2012-03-31 | 6.57% |
| 2011-12-31 | 7.64% |
| 2011-09-30 | 8.74% |
| 2011-06-30 | 10.76% |
| 2011-03-31 | 11.14% |
| 2010-12-31 | 11.52% |
| 2010-09-30 | 10.15% |
| 2010-06-30 | 9.76% |
| 2010-03-31 | 7.37% |
| 2009-12-31 | 5.27% |
| 2009-09-30 | 2.81% |
| 2009-06-30 | 2.51% |
| 2009-03-31 | 3.47% |
| 2008-12-31 | 6.85% |
| 2008-09-30 | 9.39% |
| 2008-06-30 | 10.56% |
| 2008-03-31 | 10.81% |
| 2007-12-31 | 10.96% |
| 2007-09-30 | 10.11% |
| 2007-06-30 | 11.09% |
| 2007-03-31 | 12.50% |
| 2006-12-31 | 14.82% |
| 2006-09-30 | 15.76% |
| 2006-06-30 | 13.10% |
| 2006-03-31 | 9.63% |
| 2005-12-31 | 4.82% |
| 2005-09-30 | 2.71% |
| 2005-06-30 | 2.84% |
| 2005-03-31 | 4.68% |
| 2004-12-31 | 6.57% |
| 2004-09-30 | 7.54% |
| 2004-06-30 | 6.78% |
| 2004-03-31 | 5.19% |
| 2003-12-31 | 3.05% |
| 2003-09-30 | 0.05% |
| 2003-06-30 | -0.53% |