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 2.81% is 16% below its 5-year average of 3.32%, around the middle of its 5-year range (-6.80%–11.33%).
As of the fiscal period ended Friday, July 3, 2026. 90.95% above its 12-month average of 1.47%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-07-03): 2.81%.
RETURN ON INVESTED CAPITAL (ROIC)
2.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
1.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
1.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
3.32%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-6.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-3.82%
CURRENT VS TTM AVG
+90.95%
CURRENT VS 3Y AVG
+88.06%
CURRENT VS 5Y AVG
-15.50%
CURRENT VS 10Y AVG
-15.40%
CURRENT VS 15Y AVG
+146.43%
CURRENT VS 20Y AVG
+173.48%
SECTOR MEDIAN · TECHNOLOGY
2.22%
median of 535 covered companies
CURRENT VS SECTOR MEDIAN
+26.43%
vs the sector median at left
Aviat Networks, Inc.
Market Cap
$273.18M
Return on Invested Capital (ROIC)
2.81%
TTM Avg
1.47%
3Y Avg
1.49%
5Y Avg
3.32%
Market Cap
$271.25M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-35.93%
3Y Avg
-67.46%
5Y Avg
-98.19%
Market Cap
$274.69M
Return on Invested Capital (ROIC)
-58.13%
TTM Avg
-112.92%
3Y Avg
-227.37%
5Y Avg
-170.03%
Market Cap
$269.65M
Return on Invested Capital (ROIC)
13.29%
TTM Avg
16.11%
3Y Avg
23.16%
5Y Avg
20.62%
Market Cap
$269.40M
Return on Invested Capital (ROIC)
1.10%
TTM Avg
-12.22%
3Y Avg
-19.84%
5Y Avg
-18.59%
Market Cap
$276.91M
Return on Invested Capital (ROIC)
3.33%
TTM Avg
0.89%
3Y Avg
0.64%
5Y Avg
5.45%
Market Cap
$279.99M
Return on Invested Capital (ROIC)
4.08%
TTM Avg
5.20%
3Y Avg
6.19%
5Y Avg
8.13%
Market Cap
$256.69M
Return on Invested Capital (ROIC)
-0.32%
TTM Avg
2.04%
3Y Avg
6.50%
5Y Avg
7.38%
Market Cap
$248.03M
Return on Invested Capital (ROIC)
-49.59%
TTM Avg
-43.97%
3Y Avg
-108.34%
5Y Avg
-87.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Aviat Networks, Inc. (AVNW) | $273.18M | 2.81% | 1.47% | 1.49% | 3.32% |
| Duos Technologies Group, Inc. (DUOT)vs › | $271.25M | N/A | -35.93% | -67.46% | -98.19% |
| A2Z Cust2Mate Solutions Corp. (AZ)vs › | $274.69M | -58.13% | -112.92% | -227.37% | -170.03% |
| The Hackett Group, Inc. (HCKT)vs › | $269.65M | 13.29% | 16.11% | 23.16% | 20.62% |
| Commerce.com, Inc. (CMRC)vs › | $269.40M | 1.10% | -12.22% | -19.84% | -18.59% |
| Richardson Electronics, Ltd. (RELL)vs › | $276.91M | 3.33% | 0.89% | 0.64% | 5.45% |
| AudioCodes Ltd. (AUDC)vs › | $279.99M | 4.08% | 5.20% | 6.19% | 8.13% |
| Conduent Incorporated (CNDT)vs › | $256.69M | -0.32% | 2.04% | 6.50% | 7.38% |
| Palladyne AI Corp. (PDYN)vs › | $248.03M | -49.59% | -43.97% | -108.34% | -87.88% |
| Gorilla Technology Group Inc. (GRRR)vs › | $297.51M | -15.77% | -33.03% | -53.74% | -38.63% |
ROIC
2.8%
ROE
0.9%
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) |
|---|---|
| 2026-07-03 | 2.81% |
| 2026-03-27 | 0.21% |
| 2025-12-26 | 1.38% |
| 2025-09-26 | 1.49% |
| 2025-06-27 | -1.57% |
| 2025-03-28 | 1.58% |
| 2024-12-27 | -5.60% |
| 2024-09-27 | -6.80% |
| 2024-06-28 | -0.74% |
| 2024-03-29 | 0.04% |
| 2023-12-29 | 4.16% |
| 2023-09-29 | 5.58% |
| 2023-06-30 | 4.56% |
| 2023-03-31 | 5.86% |
| 2022-12-30 | 6.27% |
| 2022-09-30 | 6.65% |
| 2022-07-01 | 9.11% |
| 2022-04-01 | 9.21% |
| 2021-12-31 | 11.33% |
| 2021-10-01 | 10.92% |
| 2021-07-02 | 11.03% |
| 2021-04-02 | 10.46% |
| 2021-01-01 | 14.06% |
| 2020-10-02 | 6.41% |
| 2020-07-03 | 1.96% |
| 2020-04-03 | 2.88% |
| 2019-12-27 | 0.02% |
| 2019-09-27 | 4.54% |
| 2019-06-28 | 1.43% |
| 2019-03-29 | -0.13% |
| 2018-12-28 | 0.65% |
| 2018-09-28 | 1.21% |
| 2018-06-29 | 1.68% |
| 2018-03-30 | -0.43% |
| 2017-12-29 | 1.34% |
| 2017-09-29 | 0.52% |
| 2017-06-30 | -1.30% |
| 2017-03-31 | -18.28% |
| 2016-12-30 | -28.72% |
| 2016-09-30 | -39.56% |
| 2016-07-01 | -36.53% |
| 2016-04-01 | -19.93% |
| 2016-01-01 | -22.31% |
| 2015-10-02 | -20.19% |
| 2015-07-03 | -23.81% |
| 2015-04-03 | -32.38% |
| 2014-12-26 | -50.93% |
| 2014-09-26 | -66.01% |
| 2014-06-27 | -64.03% |
| 2014-03-28 | -57.03% |
| 2013-12-27 | -25.92% |
| 2013-09-27 | -5.57% |
| 2013-06-28 | 1.44% |
| 2013-03-29 | 0.39% |
| 2012-12-28 | -6.85% |
| 2012-09-28 | -15.51% |
| 2012-06-29 | -17.39% |
| 2012-03-30 | -26.77% |
| 2011-12-30 | -48.91% |
| 2011-09-30 | -29.57% |
| 2011-07-01 | -35.22% |
| 2011-04-01 | -24.94% |
| 2010-12-31 | -14.65% |
| 2010-10-01 | -18.23% |
| 2010-07-02 | -13.59% |
| 2010-01-01 | 87.15% |
| 2009-10-02 | 86.75% |
| 2009-07-03 | 88.55% |
| 2009-04-03 | -70.23% |
| 2009-01-02 | 6.98% |
| 2008-09-26 | 2.22% |
| 2008-06-27 | 1.24% |
| 2008-03-28 | 37.04% |
| 2007-12-28 | 35.49% |
| 2007-09-28 | 36.44% |
| 2007-06-29 | 36.63% |
| 2007-03-30 | 1.41% |
| 2006-12-29 | 6.67% |
| 2006-09-30 | 12.04% |
| 2006-06-30 | 4.84% |
| 2006-03-31 | 2.09% |
| 2005-12-31 | -11.38% |
| 2005-09-30 | -31.38% |
| 2005-06-30 | -35.73% |
| 2005-03-31 | -38.20% |
| 2004-12-31 | -29.06% |
| 2004-09-30 | -21.65% |
| 2004-06-30 | -24.95% |
| 2004-03-31 | -24.72% |
| 2003-12-31 | -42.61% |
| 2003-09-30 | -59.60% |
| 2003-06-30 | -67.87% |
