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 22.65% is 102% above its 5-year average of 11.22%, near the high end of its 5-year range (5.28%–22.65%).
As of the fiscal period ended Friday, July 31, 2026. 36.86% above its 12-month average of 16.55%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2027 (2026-07-31): 22.65%.
RETURN ON INVESTED CAPITAL (ROIC)
22.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.55%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+36.86%
CURRENT VS 3Y AVG
+70.30%
CURRENT VS 5Y AVG
+101.94%
CURRENT VS 10Y AVG
+266.51%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+177.28%
vs the sector median at left
Dell Technologies Inc.
Market Cap
$373.91B
Return on Invested Capital (ROIC)
22.65%
TTM Avg
16.55%
3Y Avg
13.30%
5Y Avg
11.22%
Market Cap
$385.07B
Return on Invested Capital (ROIC)
23.58%
TTM Avg
23.96%
3Y Avg
27.87%
5Y Avg
28.45%
Market Cap
$394.19B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
37.48%
3Y Avg
33.35%
5Y Avg
33.83%
Market Cap
$394.85B
Return on Invested Capital (ROIC)
7.68%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$331.42B
Return on Invested Capital (ROIC)
7.33%
TTM Avg
8.81%
3Y Avg
7.18%
5Y Avg
7.18%
Market Cap
$420.55B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
Market Cap
$435.50B
Return on Invested Capital (ROIC)
25.60%
TTM Avg
11.80%
3Y Avg
5.23%
5Y Avg
-8.54%
Market Cap
$305.41B
Return on Invested Capital (ROIC)
1.03%
TTM Avg
3.35%
3Y Avg
3.82%
5Y Avg
1.38%
Market Cap
$263.27B
Return on Invested Capital (ROIC)
64.29%
TTM Avg
64.29%
3Y Avg
16.19%
5Y Avg
7.93%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dell Technologies Inc. (DELL) | $373.91B | 22.65% | 16.55% | 13.30% | 11.22% |
| Applied Materials, Inc. (AMAT)vs › | $385.07B | 23.58% | 23.96% | 27.87% | 28.45% |
| Lam Research Corporation (LRCX)vs › | $394.19B | 40.77% | 37.48% | 33.35% | 33.83% |
| Oracle Corporation (ORCL)vs › | $394.85B | 7.68% | 9.43% | 10.21% | 10.72% |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $331.42B | 7.33% | 8.81% | 7.18% | 7.18% |
| Cisco Systems, Inc. (CSCO)vs › | $420.55B | 12.96% | 12.31% | 13.13% | 13.79% |
| Palantir Technologies Inc. (PLTR)vs › | $435.50B | 25.60% | 11.80% | 5.23% | -8.54% |
| Palo Alto Networks, Inc. (PANW)vs › | $305.41B | 1.03% | 3.35% | 3.82% | 1.38% |
| Sandisk Corporation (SNDK)vs › | $263.27B | 64.29% | 64.29% | 16.19% | 7.93% |
| Arista Networks, Inc. (ANET)vs › | $260.08B | 21.80% | 22.69% | 23.35% | 21.10% |
ROIC
22.7%
ROE
N/A
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 | 22.65% |
| 2026-05-01 | 18.63% |
| 2026-01-30 | 14.78% |
| 2025-10-31 | 13.38% |
| 2025-08-01 | 13.32% |
| 2025-05-02 | 12.73% |
| 2025-01-31 | 14.50% |
| 2024-11-01 | 13.88% |
| 2024-08-02 | 13.95% |
| 2024-05-03 | 12.67% |
| 2024-01-31 | 10.51% |
| 2023-11-03 | 9.01% |
| 2023-08-04 | 8.37% |
| 2023-05-05 | 8.80% |
| 2023-01-31 | 9.73% |
| 2022-10-28 | 9.41% |
| 2022-07-29 | 8.85% |
| 2022-04-29 | 8.31% |
| 2022-01-31 | 7.03% |
| 2021-10-29 | 5.28% |
| 2021-07-30 | 5.68% |
| 2021-04-30 | 6.75% |
| 2021-01-31 | 6.49% |
| 2020-10-30 | 4.90% |
| 2020-07-31 | 4.38% |
| 2020-05-01 | 3.53% |
| 2020-01-31 | 3.54% |
| 2019-11-01 | 2.96% |
| 2019-08-02 | 1.40% |
| 2019-05-03 | 0.72% |
| 2019-01-31 | -0.27% |
| 2018-11-02 | -1.03% |
| 2018-08-03 | -1.08% |
| 2018-05-04 | -1.80% |
| 2018-01-31 | -3.09% |
| 2017-11-03 | -4.79% |
| 2017-08-04 | -6.16% |
| 2017-05-05 | -5.20% |
| 2017-01-31 | -3.76% |
| 2016-10-28 | -1.74% |
| 2016-07-29 | -0.39% |
| 2016-04-29 | -1.66% |
| 2016-01-31 | -2.27% |
| 2015-10-30 | -2.83% |
| 2015-07-31 | -2.97% |
