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 9.54% is 253% above its 5-year average of -6.25%, near the high end of its 5-year range (-22.07%–9.54%).
As of the fiscal period ended Tuesday, June 30, 2026. 56.46% above its 12-month average of 6.10%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 9.54%.
RETURN ON INVESTED CAPITAL (ROIC)
9.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
0.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.25%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+56.46%
CURRENT VS 3Y AVG
+2758.72%
CURRENT VS 5Y AVG
+252.68%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
3.21%
median of 410 covered companies
CURRENT VS SECTOR MEDIAN
+197.17%
vs the sector median at left
AvePoint, Inc.
Market Cap
$3.11B
Return on Invested Capital (ROIC)
9.54%
TTM Avg
6.10%
3Y Avg
0.33%
5Y Avg
-6.25%
Market Cap
$3.11B
Return on Invested Capital (ROIC)
-11.63%
TTM Avg
-11.63%
3Y Avg
-11.63%
5Y Avg
-11.63%
Market Cap
$3.12B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$3.08B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
8.32%
3Y Avg
11.76%
5Y Avg
9.86%
Market Cap
$3.05B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.16%
3Y Avg
5.04%
5Y Avg
5.56%
Market Cap
$3.00B
Return on Invested Capital (ROIC)
-16.36%
TTM Avg
-21.62%
3Y Avg
-25.33%
5Y Avg
-27.09%
Market Cap
$2.99B
Return on Invested Capital (ROIC)
-9.32%
TTM Avg
-17.80%
3Y Avg
-18.59%
5Y Avg
-15.30%
Market Cap
$3.32B
Return on Invested Capital (ROIC)
2.27%
TTM Avg
3.06%
3Y Avg
3.17%
5Y Avg
5.51%
Market Cap
$2.88B
Return on Invested Capital (ROIC)
-11.53%
TTM Avg
-8.28%
3Y Avg
-10.25%
5Y Avg
-12.73%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AvePoint, Inc. (AVPT) | $3.11B | 9.54% | 6.10% | 0.33% | -6.25% |
| Ionic Digital Inc. Class A (IOND)vs › | $3.11B | -11.63% | -11.63% | -11.63% | -11.63% |
| Bel Fuse Inc. (BELFB)vs › | $3.12B | 9.24% | 8.32% | 11.76% | 9.86% |
| Bel Fuse Inc. (BELFA)vs › | $3.08B | 9.24% | 8.32% | 11.76% | 9.86% |
| Extreme Networks, Inc. (EXTR)vs › | $3.05B | 8.56% | 5.16% | 5.04% | 5.56% |
| Braze, Inc. (BRZE)vs › | $3.00B | -16.36% | -21.62% | -25.33% | -27.09% |
| Ambarella, Inc. (AMBA)vs › | $2.99B | -9.32% | -17.80% | -18.59% | -15.30% |
| Ultra Clean Holdings, Inc. (UCTT)vs › | $3.32B | 2.27% | 3.06% | 3.17% | 5.51% |
| Intapp, Inc. (INTA)vs › | $2.88B | -11.53% | -8.28% | -10.25% | -12.73% |
| Adeia Inc. (ADEA)vs › | $2.88B | 16.81% | 13.81% | 13.27% | 10.34% |
ROIC
9.5%
ROE
16.4%
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 | 9.54% |
| 2026-03-31 | 8.04% |
| 2025-12-31 | 5.48% |
| 2025-09-30 | 2.58% |
| 2025-06-30 | 4.85% |
| 2025-03-31 | 3.50% |
| 2024-12-31 | 2.42% |
| 2024-09-30 | 1.19% |
| 2024-06-30 | -1.84% |
| 2024-03-31 | -3.80% |
| 2023-12-31 | -5.77% |
| 2023-09-30 | -9.73% |
| 2023-06-30 | -12.10% |
| 2023-03-31 | -13.18% |
| 2022-12-31 | -14.94% |
| 2022-09-30 | -14.65% |
| 2022-06-30 | -22.07% |
| 2022-03-31 | -21.34% |
| 2021-12-31 | -19.27% |
| 2021-09-30 | -20.16% |
| 2021-06-30 | -9.92% |
| 2021-03-31 | -30.45% |
| 2020-12-31 | -20.09% |
| 2020-09-30 | -1.36% |
| 2020-06-30 | 0.31% |
| 2020-03-31 | 0.38% |
