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 7.73% is 16% above its 5-year average of 6.69%, around the middle of its 5-year range (3.21%–9.67%).
As of the fiscal period ended Friday, July 31, 2026. 25.84% above its 12-month average of 6.15%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-07-31): 7.73%.
RETURN ON INVESTED CAPITAL (ROIC)
7.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
13.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
13.16%
CURRENT VS TTM AVG
+25.84%
CURRENT VS 3Y AVG
+54.42%
CURRENT VS 5Y AVG
+15.69%
CURRENT VS 10Y AVG
-26.49%
CURRENT VS 15Y AVG
-43.27%
CURRENT VS 20Y AVG
-41.24%
SECTOR MEDIAN · INDUSTRIALS
4.62%
median of 357 covered companies
CURRENT VS SECTOR MEDIAN
+67.41%
vs the sector median at left
Coda Octopus Group, Inc.
Market Cap
$121.61M
Return on Invested Capital (ROIC)
7.73%
TTM Avg
6.15%
3Y Avg
5.01%
5Y Avg
6.69%
Market Cap
$121.83M
Return on Invested Capital (ROIC)
-151.35%
TTM Avg
-204.59%
3Y Avg
-149.34%
5Y Avg
-105.36%
Market Cap
$118.22M
Return on Invested Capital (ROIC)
0.64%
TTM Avg
0.29%
3Y Avg
-1.51%
5Y Avg
-0.52%
Market Cap
$112.59M
Return on Invested Capital (ROIC)
-15.88%
TTM Avg
-3.60%
3Y Avg
-4.93%
5Y Avg
-6.16%
Market Cap
$109.59M
Return on Invested Capital (ROIC)
-21.28%
TTM Avg
-84.50%
3Y Avg
-106.28%
5Y Avg
-123.74%
Market Cap
$135.00M
Return on Invested Capital (ROIC)
7.05%
TTM Avg
5.14%
3Y Avg
5.14%
5Y Avg
5.14%
Market Cap
$104.78M
Return on Invested Capital (ROIC)
-126.86%
TTM Avg
-69.48%
3Y Avg
-24.80%
5Y Avg
0.82%
Market Cap
$102.06M
Return on Invested Capital (ROIC)
-1.17%
TTM Avg
4.57%
3Y Avg
36.09%
5Y Avg
32.05%
Market Cap
$100.40M
Return on Invested Capital (ROIC)
0.73%
TTM Avg
2.44%
3Y Avg
2.12%
5Y Avg
-1.03%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Coda Octopus Group, Inc. (CODA) | $121.61M | 7.73% | 6.15% | 5.01% | 6.69% |
| Wheels Up Experience Inc. (UP)vs › | $121.83M | -151.35% | -204.59% | -149.34% | -105.36% |
| Mobile Infrastructure Corp (BEEP)vs › | $118.22M | 0.64% | 0.29% | -1.51% | -0.52% |
| CBAK Energy Technology, Inc. (CBAT)vs › | $112.59M | -15.88% | -3.60% | -4.93% | -6.16% |
| New Horizon Aircraft Ltd (HOVR)vs › | $109.59M | -21.28% | -84.50% | -106.28% | -123.74% |
| Capstone Energy+, Inc. (CEPL)vs › | $135.00M | 7.05% | 5.14% | 5.14% | 5.14% |
| HUHUTECH International Group Inc. Ordinary Shares (HUHU)vs › | $104.78M | -126.86% | -69.48% | -24.80% | 0.82% |
| Heidmar Maritime Holdings Corp. (HMR)vs › | $102.06M | -1.17% | 4.57% | 36.09% | 32.05% |
| Broadwind, Inc. (BWEN)vs › | $100.40M | 0.73% | 2.44% | 2.12% | -1.03% |
| Merlin, Inc. (MRLN)vs › | $147.68M | -33.08% | -69.73% | -68.33% | -68.33% |
ROIC
7.7%
ROE
8.0%
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) |
|---|---|
| 2026-07-31 | 7.73% |
| 2026-04-30 | 6.73% |
| 2026-01-31 | 5.77% |
| 2025-10-31 | 5.77% |
| 2025-07-31 | 4.72% |
| 2025-04-30 | 4.75% |
| 2025-01-31 | 5.68% |
| 2024-10-31 | 5.28% |
| 2024-07-31 | 4.20% |
| 2024-04-30 | 3.82% |
| 2024-01-31 | 3.21% |
| 2023-10-31 | 5.15% |
| 2023-07-31 | 7.55% |
| 2023-04-30 | 9.67% |
| 2023-01-31 | 9.48% |
| 2022-10-31 | 9.67% |
| 2022-07-31 | 7.21% |
| 2022-04-30 | 6.76% |
| 2022-01-31 | 8.89% |
| 2021-10-31 | 8.84% |
| 2021-07-31 | 9.49% |
| 2021-04-30 | 9.84% |
| 2021-01-31 | 6.01% |
| 2020-10-31 | 7.84% |
| 2020-07-31 | 6.84% |
| 2020-04-30 | 9.55% |
| 2020-01-31 | 16.18% |
| 2019-10-31 | 16.47% |
| 2019-07-31 | 23.83% |
| 2019-04-30 | 23.97% |
| 2019-01-31 | 17.12% |
| 2018-10-31 | 12.51% |
| 2018-07-31 | 5.87% |
| 2018-04-30 | 2.40% |
| 2018-01-31 | 7.29% |
| 2017-10-31 | 17.12% |
| 2017-07-31 | 26.90% |
| 2017-04-30 | 28.45% |
| 2017-01-31 | 32.13% |
| 2016-10-31 | 27.45% |
| 2016-07-31 | 14.85% |
| 2016-04-30 | 12.73% |
| 2016-01-31 | 8.51% |
| 2015-10-31 | 8.66% |
| 2015-07-31 | 15.26% |
| 2015-04-30 | 16.90% |
| 2015-01-31 | 18.36% |
| 2014-10-31 | 16.99% |
| 2014-07-31 | 21.13% |
| 2014-04-30 | 30.05% |
| 2014-01-31 | 34.49% |
| 2013-10-31 | 38.53% |
| 2013-07-31 | 44.26% |
| 2013-04-30 | 45.30% |
| 2013-01-31 | 44.02% |
| 2012-10-31 | 36.12% |
| 2012-07-31 | 25.42% |
| 2011-04-30 | -115.28% |
| 2011-01-31 | -127.37% |
| 2010-10-31 | -164.58% |
| 2010-01-31 | -138.24% |
| 2009-10-31 | -131.30% |
| 2009-07-31 | -53.69% |
| 2009-04-30 | -60.82% |
| 2009-01-31 | -56.42% |
| 2008-10-31 | -50.90% |
| 2008-07-31 | -40.36% |
| 2008-04-30 | -34.89% |
| 2008-01-31 | -145.91% |
| 2007-10-31 | -46.03% |
| 2007-07-31 | -105.50% |
| 2007-04-30 | -86.01% |
| 2006-10-31 | -844.27% |
