Basis: Trailing twelve months (TTM). 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 8.04% is 40% below its 5-year average of 13.43%, near the low end of its 5-year range (6.46%–21.54%).
43.48% below its 12-month average of 14.23%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
14.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.43%
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
-43.48%
CURRENT VS 3Y AVG
-39.07%
CURRENT VS 5Y AVG
-40.12%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.04%
median of 47 covered companies
CURRENT VS SECTOR MEDIAN
0.00%
vs the sector median at left
British American Tobacco p.l.c.
Market Cap
$121.24B
Return on Invested Capital (ROIC)
8.04%
TTM Avg
14.23%
3Y Avg
13.20%
5Y Avg
13.43%
Market Cap
$110.35B
Return on Invested Capital (ROIC)
34.45%
TTM Avg
32.83%
3Y Avg
31.76%
5Y Avg
28.00%
Market Cap
$93.48B
Return on Invested Capital (ROIC)
21.32%
TTM Avg
21.92%
3Y Avg
19.60%
5Y Avg
20.74%
Market Cap
$155.43B
Return on Invested Capital (ROIC)
6.32%
TTM Avg
6.28%
3Y Avg
6.18%
5Y Avg
5.47%
Market Cap
$82.26B
Return on Invested Capital (ROIC)
6.47%
TTM Avg
7.29%
3Y Avg
6.73%
5Y Avg
6.46%
Market Cap
$75.13B
Return on Invested Capital (ROIC)
11.35%
TTM Avg
10.53%
3Y Avg
11.02%
5Y Avg
12.78%
Market Cap
$72.88B
Return on Invested Capital (ROIC)
29.91%
TTM Avg
30.60%
3Y Avg
27.18%
5Y Avg
26.90%
Market Cap
$47.87B
Return on Invested Capital (ROIC)
9.52%
TTM Avg
8.05%
3Y Avg
7.69%
5Y Avg
6.49%
Market Cap
$195.99B
Return on Invested Capital (ROIC)
13.22%
TTM Avg
13.62%
3Y Avg
13.51%
5Y Avg
12.88%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| British American Tobacco p.l.c. (BTI) | $121.24B | 8.04% | 14.23% | 13.20% | 13.43% |
| Altria Group, Inc. (MO)vs › | $110.35B | 34.45% | 32.83% | 31.76% | 28.00% |
| Monster Beverage Corporation (MNST)vs › | $93.48B | 21.32% | 21.92% | 19.60% | 20.74% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $155.43B | 6.32% | 6.28% | 6.18% | 5.47% |
| Mondelez International, Inc. (MDLZ)vs › | $82.26B | 6.47% | 7.29% | 6.73% | 6.46% |
| Target Corporation (TGT)vs › | $75.13B | 11.35% | 10.53% | 11.02% | 12.78% |
| Colgate-Palmolive Company (CL)vs › | $72.88B | 29.91% | 30.60% | 27.18% | 26.90% |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $47.87B | 9.52% | 8.05% | 7.69% | 6.49% |
| PepsiCo, Inc. (PEP)vs › | $195.99B | 13.22% | 13.62% | 13.51% | 12.88% |
| Keurig Dr Pepper Inc. (KDP)vs › | $43.59B | 3.36% | 5.41% | 5.36% | 5.11% |
ROIC
8.0%
ROE
6.9%
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) |
|---|---|
| 2008-12-31 | 14.96% |
| 2008-06-30 | 13.25% |
| 2007-12-31 | 14.47% |
| 2006-06-30 | 11.31% |
| 2005-12-31 | 11.99% |
| 2005-06-30 | 21.54% |
| 2003-12-31 | 6.46% |
| 2003-06-30 | 8.58% |
| 2002-12-31 | 10.38% |
| 2002-06-30 | 9.98% |
| 2001-12-31 | 9.55% |
| 2001-06-30 | 8.68% |
| 2000-12-31 | 7.65% |
