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 -1.41% is 87% above its 5-year average of -10.91%, near the high end of its 5-year range (-23.61%–-1.09%).
As of the fiscal period ended Friday, July 31, 2026. 3.71% above its 12-month average of -1.46%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-1.41%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-1.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-6.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-10.91%
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
+3.71%
CURRENT VS 3Y AVG
+78.99%
CURRENT VS 5Y AVG
+87.12%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.85%
median of 186 covered companies
CURRENT VS SECTOR MEDIAN
-115.88%
vs the sector median at left
Elastic N.V.
Market Cap
$10.39B
Return on Invested Capital (ROIC)
-1.41%
TTM Avg
-1.46%
3Y Avg
-6.69%
5Y Avg
-10.91%
Market Cap
$10.75B
Return on Invested Capital (ROIC)
23.60%
TTM Avg
21.75%
3Y Avg
20.25%
5Y Avg
18.82%
Market Cap
$9.90B
Return on Invested Capital (ROIC)
4.30%
TTM Avg
6.39%
3Y Avg
9.12%
5Y Avg
12.52%
Market Cap
$10.93B
Return on Invested Capital (ROIC)
8.56%
TTM Avg
5.01%
3Y Avg
6.78%
5Y Avg
7.91%
Market Cap
$11.09B
Return on Invested Capital (ROIC)
10.06%
TTM Avg
11.79%
3Y Avg
12.68%
5Y Avg
12.05%
Market Cap
$9.65B
Return on Invested Capital (ROIC)
4.97%
TTM Avg
-2.59%
3Y Avg
-7.26%
5Y Avg
-12.59%
Market Cap
$9.30B
Return on Invested Capital (ROIC)
14.56%
TTM Avg
13.93%
3Y Avg
11.15%
5Y Avg
7.19%
Market Cap
$9.01B
Return on Invested Capital (ROIC)
2.53%
TTM Avg
3.17%
3Y Avg
2.83%
5Y Avg
3.75%
Market Cap
$11.90B
Return on Invested Capital (ROIC)
7.31%
TTM Avg
6.11%
3Y Avg
8.46%
5Y Avg
9.85%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Elastic N.V. (ESTC) | $10.39B | -1.41% | -1.46% | -6.69% | -10.91% |
| Paycom Software, Inc. (PAYC)vs › | $10.75B | 23.60% | 21.75% | 20.25% | 18.82% |
| Skyworks Solutions, Inc. (SWKS)vs › | $9.90B | 4.30% | 6.39% | 9.12% | 12.52% |
| Advanced Energy Industries, Inc. (AEIS)vs › | $10.93B | 8.56% | 5.01% | 6.78% | 7.91% |
| Nova Ltd. (NVMI)vs › | $11.09B | 10.06% | 11.79% | 12.68% | 12.05% |
| UiPath Inc. (PATH)vs › | $9.65B | 4.97% | -2.59% | -7.26% | -12.59% |
| Rambus Inc. (RMBS)vs › | $9.30B | 14.56% | 13.93% | 11.15% | 7.19% |
| Viavi Solutions Inc. (VIAV)vs › | $9.01B | 2.53% | 3.17% | 2.83% | 3.75% |
| Amkor Technology, Inc. (AMKR)vs › | $11.90B | 7.31% | 6.11% | 8.46% | 9.85% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $12.06B | 15.45% | 16.23% | 15.76% | 15.93% |
ROIC
-1.4%
ROE
29.0%
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 | -1.41% |
| 2026-04-30 | -1.71% |
| 2026-01-31 | -1.09% |
| 2025-10-31 | -1.21% |
| 2025-07-31 | -1.87% |
| 2025-04-30 | -3.47% |
| 2025-01-31 | -5.93% |
| 2024-10-31 | -7.66% |
| 2024-07-31 | -9.22% |
| 2024-04-30 | -9.47% |
| 2024-01-31 | -9.34% |
| 2023-10-31 | -15.63% |
| 2023-07-31 | -18.92% |
| 2023-04-30 | -21.34% |
| 2023-01-31 | -23.61% |
| 2022-10-31 | -21.36% |
| 2022-07-31 | -20.11% |
| 2022-04-30 | -16.55% |
| 2022-01-31 | -14.15% |
| 2021-10-31 | -12.92% |
| 2021-07-31 | -12.07% |
| 2021-04-30 | -24.75% |
| 2021-01-31 | -24.02% |
| 2020-10-31 | -25.95% |
| 2020-07-31 | -31.42% |
| 2020-04-30 | -36.34% |
| 2020-01-31 | -35.03% |
| 2019-10-31 | -29.90% |
| 2019-07-31 | -41.31% |
| 2019-04-30 | -35.92% |
| 2019-01-31 | -30.59% |
| 2018-10-31 | -25.72% |
| 2018-07-31 | -121.67% |
| 2018-04-30 | -82.89% |
