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 3.77% is 39% above its 5-year average of 2.70%, around the middle of its 5-year range (-3.59%–10.38%).
As of the fiscal period ended Tuesday, June 30, 2026. 11.26% above its 12-month average of 3.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 3.77%.
RETURN ON INVESTED CAPITAL (ROIC)
3.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.70%
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
+11.26%
CURRENT VS 3Y AVG
+33.12%
CURRENT VS 5Y AVG
+39.49%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.43%
median of 609 covered companies
CURRENT VS SECTOR MEDIAN
+776.74%
vs the sector median at left
Cerence Inc.
Market Cap
$364.21M
Return on Invested Capital (ROIC)
3.77%
TTM Avg
3.39%
3Y Avg
2.83%
5Y Avg
2.70%
Market Cap
$364.37M
Return on Invested Capital (ROIC)
-45.22%
TTM Avg
-64.48%
3Y Avg
-63.03%
5Y Avg
-63.03%
Market Cap
$363.24M
Return on Invested Capital (ROIC)
-12.65%
TTM Avg
17.07%
3Y Avg
17.80%
5Y Avg
19.06%
Market Cap
$363.08M
Return on Invested Capital (ROIC)
2.56%
TTM Avg
-0.47%
3Y Avg
-3.60%
5Y Avg
-3.40%
Market Cap
$357.86M
Return on Invested Capital (ROIC)
0.66%
TTM Avg
0.77%
3Y Avg
-0.63%
5Y Avg
-0.06%
Market Cap
$374.16M
Return on Invested Capital (ROIC)
5.33%
TTM Avg
-26.95%
3Y Avg
-10.77%
5Y Avg
-5.24%
Market Cap
$354.11M
Return on Invested Capital (ROIC)
-8.58%
TTM Avg
-9.73%
3Y Avg
-7.34%
5Y Avg
-3.35%
Market Cap
$347.93M
Return on Invested Capital (ROIC)
-8.35%
TTM Avg
-15.64%
3Y Avg
-9.49%
5Y Avg
-51.48%
Market Cap
$346.26M
Return on Invested Capital (ROIC)
-20.70%
TTM Avg
-54.86%
3Y Avg
-60.72%
5Y Avg
-44.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cerence Inc. (CRNC) | $364.21M | 3.77% | 3.39% | 2.83% | 2.70% |
| Gloo Holdings, Inc. (GLOO)vs › | $364.37M | -45.22% | -64.48% | -63.03% | -63.03% |
| International Money Express, Inc. (IMXI)vs › | $363.24M | -12.65% | 17.07% | 17.80% | 19.06% |
| PowerFleet, Inc. (AIOT)vs › | $363.08M | 2.56% | -0.47% | -3.60% | -3.40% |
| i3 Verticals, Inc. (IIIV)vs › | $357.86M | 0.66% | 0.77% | -0.63% | -0.06% |
| Simulations Plus, Inc. (SLP)vs › | $374.16M | 5.33% | -26.95% | -10.77% | -5.24% |
| Silicom Ltd. (SILC)vs › | $354.11M | -8.58% | -9.73% | -7.34% | -3.35% |
| SEALSQ Corp (LAES)vs › | $347.93M | -8.35% | -15.64% | -9.49% | -51.48% |
| Soluna Holdings, Inc. (SLNHP)vs › | $346.26M | -20.70% | -54.86% | -60.72% | -44.99% |
| Rimini Street, Inc. (RMNI)vs › | $382.76M | 18.10% | -19.96% | 6.00% | 12.99% |
ROIC
3.8%
ROE
-9.3%
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 | 3.77% |
| 2026-03-31 | 3.63% |
| 2025-12-31 | 6.08% |
| 2025-09-30 | 2.46% |
| 2025-06-30 | 1.00% |
| 2025-03-31 | 1.60% |
| 2024-12-31 | -3.59% |
| 2024-09-30 | 8.09% |
| 2024-06-30 | 10.38% |
| 2024-03-31 | 5.56% |
| 2023-12-31 | 2.01% |
| 2023-09-30 | -1.33% |
| 2023-06-30 | -2.85% |
| 2023-03-31 | -0.76% |
| 2022-12-31 | 1.06% |
| 2022-09-30 | 3.24% |
| 2022-06-30 | 2.48% |
| 2022-03-31 | 3.22% |
| 2021-12-31 | 3.80% |
| 2021-09-30 | 4.04% |
| 2021-06-30 | 4.24% |
| 2021-03-31 | 3.51% |
| 2020-12-31 | 3.34% |
| 2020-09-30 | 2.59% |
| 2020-06-30 | 2.14% |
| 2020-03-31 | 3.12% |
| 2019-12-31 | 2.39% |
| 2019-09-30 | 2.67% |
| 2019-06-30 | 2.32% |
| 2019-03-31 | 2.32% |
| 2018-12-31 | 3.07% |
| 2018-09-30 | 2.32% |
