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 6.22% is 132% above its 5-year average of -19.42%, near the high end of its 5-year range (-96.65%–21.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 23.73% below its 12-month average of 8.16%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-06-30): 6.22%.
RETURN ON INVESTED CAPITAL (ROIC)
6.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-19.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-41.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-34.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-27.77%
CURRENT VS TTM AVG
-23.73%
CURRENT VS 3Y AVG
-20.75%
CURRENT VS 5Y AVG
+132.04%
CURRENT VS 10Y AVG
+115.07%
CURRENT VS 15Y AVG
+118.22%
CURRENT VS 20Y AVG
+122.41%
SECTOR MEDIAN · INDUSTRIALS
4.94%
median of 347 covered companies
CURRENT VS SECTOR MEDIAN
+25.97%
vs the sector median at left
Electrovaya Inc.
Market Cap
$327.99M
Return on Invested Capital (ROIC)
6.22%
TTM Avg
8.16%
3Y Avg
7.85%
5Y Avg
-19.42%
Market Cap
$335.75M
Return on Invested Capital (ROIC)
-72.19%
TTM Avg
-95.95%
3Y Avg
-95.95%
5Y Avg
-95.95%
Market Cap
$314.91M
Return on Invested Capital (ROIC)
-0.14%
TTM Avg
-0.14%
3Y Avg
-0.95%
5Y Avg
-1.71%
Market Cap
$340.20M
Return on Invested Capital (ROIC)
6.51%
TTM Avg
8.20%
3Y Avg
6.75%
5Y Avg
5.32%
Market Cap
$311.31M
Return on Invested Capital (ROIC)
-9.38%
TTM Avg
-11.65%
3Y Avg
-7.32%
5Y Avg
-56.47%
Market Cap
$341.71M
Return on Invested Capital (ROIC)
14.98%
TTM Avg
17.64%
3Y Avg
17.64%
5Y Avg
17.64%
Market Cap
$298.82M
Return on Invested Capital (ROIC)
-25.92%
TTM Avg
-38.25%
3Y Avg
0.46%
5Y Avg
-1.13%
Market Cap
$300.11M
Return on Invested Capital (ROIC)
-59.08%
TTM Avg
-56.30%
3Y Avg
-50.25%
5Y Avg
-77.07%
Market Cap
$361.85M
Return on Invested Capital (ROIC)
9.61%
TTM Avg
8.79%
3Y Avg
9.22%
5Y Avg
9.60%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Electrovaya Inc. (ELVA) | $327.99M | 6.22% | 8.16% | 7.85% | -19.42% |
| Deep Fission, Inc. (FISN)vs › | $335.75M | -72.19% | -95.95% | -95.95% | -95.95% |
| FTAI Infrastructure Inc. (FIP)vs › | $314.91M | -0.14% | -0.14% | -0.95% | -1.71% |
| StealthGas Inc. (GASS)vs › | $340.20M | 6.51% | 8.20% | 6.75% | 5.32% |
| Richtech Robotics Inc. Class B Common Stock (RR)vs › | $311.31M | -9.38% | -11.65% | -7.32% | -56.47% |
| Innovative Aerosystems, Inc. (IA)vs › | $341.71M | 14.98% | 17.64% | 17.64% | 17.64% |
| SCHMID Group N.V. Class A Ordinary Shares (SHMD)vs › | $298.82M | -25.92% | -38.25% | 0.46% | -1.13% |
| American Battery Technology Company Common Stock (ABAT)vs › | $300.11M | -59.08% | -56.30% | -50.25% | -77.07% |
| Energy Recovery, Inc. (ERII)vs › | $361.85M | 9.61% | 8.79% | 9.22% | 9.60% |
| AirJoule Technologies Corporation (AIRJ)vs › | $279.10M | -4.58% | -8.55% | -6.02% | -4.71% |
ROIC
6.2%
ROE
6.5%
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 | 6.22% |
| 2026-03-31 | 7.42% |
| 2025-12-31 | 7.93% |
| 2025-09-30 | 10.29% |
| 2025-06-30 | 8.94% |
| 2025-03-31 | 3.66% |
| 2024-12-31 | 1.70% |
| 2024-09-30 | 2.48% |
| 2024-06-30 | 15.94% |
| 2024-03-31 | 21.07% |
| 2023-12-31 | 17.19% |
| 2023-09-30 | 4.59% |
| 2023-06-30 | -17.40% |
| 2023-03-31 | -28.52% |
| 2022-12-31 | -54.49% |
| 2022-09-30 | -42.27% |
| 2022-06-30 | -63.17% |
| 2022-03-31 | -75.12% |
| 2021-12-31 | -96.65% |
| 2021-09-30 | -71.59% |
| 2021-06-30 | -66.14% |
| 2021-03-31 | -43.16% |
| 2020-12-31 | -89.81% |
| 2020-09-30 | -93.88% |
| 2020-06-30 | -93.95% |
| 2020-03-31 | -164.98% |
| 2018-12-31 | -2200.00% |
| 2018-09-30 | -77.39% |
| 2018-06-30 | -106.81% |
| 2018-03-31 | -87.57% |
| 2017-12-31 | -92.47% |
| 2017-09-30 | -38.12% |
| 2017-06-30 | -36.33% |
| 2017-03-31 | -39.56% |
| 2016-12-31 | -57.41% |
| 2016-09-30 | -50.50% |
| 2016-06-30 | -6.65% |
| 2016-03-31 | 1.14% |
| 2015-12-31 | 5.48% |
| 2015-09-30 | -14.65% |
| 2015-06-30 | -27.05% |
| 2015-03-31 | -66.83% |
| 2014-12-31 | -56.81% |
| 2014-09-30 | -37.27% |
| 2014-06-30 | -30.97% |
| 2014-03-31 | -44.99% |
| 2013-12-31 | -48.36% |
| 2013-09-30 | -46.67% |
| 2013-06-30 | -37.23% |
| 2013-03-31 | -34.10% |
| 2012-12-31 | -21.58% |
| 2012-09-30 | -19.64% |
| 2012-06-30 | -25.19% |
| 2012-03-31 | -11.08% |
| 2011-12-31 | -14.12% |
| 2011-09-30 | -14.12% |
| 2011-06-30 | -12.48% |
| 2011-03-31 | -15.12% |
| 2010-12-31 | -15.75% |
| 2010-09-30 | -22.99% |
| 2010-06-30 | -11.26% |
| 2010-03-31 | -10.57% |
| 2009-12-31 | -2.67% |
| 2009-09-30 | -7.99% |
| 2009-06-30 | -34.35% |
| 2009-03-31 | -39.12% |
| 2008-12-31 | -43.97% |
| 2008-09-30 | -18.49% |
| 2008-06-30 | -66.95% |
| 2008-03-31 | -48.68% |
| 2007-12-31 | -28.72% |
| 2007-09-30 | -27.90% |
| 2007-06-30 | 81.72% |
| 2007-03-31 | 62.44% |
| 2006-12-31 | 59.16% |
| 2006-09-30 | 54.44% |
| 2006-06-30 | 41.76% |
| 2006-03-31 | 47.69% |
| 2005-12-31 | 37.28% |
| 2005-09-30 | 35.53% |
| 2005-06-30 | 71.14% |
| 2005-03-31 | 62.64% |
| 2004-12-31 | 42.47% |
| 2004-09-30 | 24.69% |
| 2004-06-30 | -28.31% |
| 2004-03-31 | -29.97% |
| 2003-12-31 | -28.74% |
| 2003-09-30 | -29.95% |
| 2003-06-30 | -28.71% |
