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 -21.28% is 80% above its 3-year average of -109.03%, near the high end of its 3-year range (-518.88%–-0.86%).
As of the fiscal period ended Sunday, May 31, 2026. 76.71% above its 12-month average of -91.39%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-05-31): -21.28%.
RETURN ON INVESTED CAPITAL (ROIC)
-21.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-91.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-119.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
N/A
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
+76.71%
CURRENT VS 3Y AVG
+82.24%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
4.62%
median of 357 covered companies
CURRENT VS SECTOR MEDIAN
-560.70%
vs the sector median at left
New Horizon Aircraft Ltd
Market Cap
$109.59M
Return on Invested Capital (ROIC)
-21.28%
TTM Avg
-91.39%
3Y Avg
-119.84%
5Y Avg
N/A
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
$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
$118.22M
Return on Invested Capital (ROIC)
0.64%
TTM Avg
0.29%
3Y Avg
-1.51%
5Y Avg
-0.52%
Market Cap
$100.40M
Return on Invested Capital (ROIC)
0.73%
TTM Avg
2.44%
3Y Avg
2.12%
5Y Avg
-1.03%
Market Cap
$121.61M
Return on Invested Capital (ROIC)
7.73%
TTM Avg
5.53%
3Y Avg
6.46%
5Y Avg
7.08%
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
$89.02M
Return on Invested Capital (ROIC)
-4.14%
TTM Avg
-0.39%
3Y Avg
-0.39%
5Y Avg
-0.39%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| New Horizon Aircraft Ltd (HOVR) | $109.59M | -21.28% | -91.39% | -119.84% | N/A |
| CBAK Energy Technology, Inc. (CBAT)vs › | $112.59M | -15.88% | -3.60% | -4.93% | -6.16% |
| 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% |
| Mobile Infrastructure Corp (BEEP)vs › | $118.22M | 0.64% | 0.29% | -1.51% | -0.52% |
| Broadwind, Inc. (BWEN)vs › | $100.40M | 0.73% | 2.44% | 2.12% | -1.03% |
| Coda Octopus Group, Inc. (CODA)vs › | $121.61M | 7.73% | 5.53% | 6.46% | 7.08% |
| Wheels Up Experience Inc. (UP)vs › | $121.83M | -151.35% | -204.59% | -149.34% | -105.36% |
| Hadron Energy, Inc. (HDRN)vs › | $89.02M | -4.14% | -0.39% | -0.39% | -0.39% |
| Arq, Inc. (ARQ)vs › | $87.14M | -4.46% | -2.33% | -4.62% | -8.26% |
ROIC
-21.3%
ROE
-33.8%
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) |
|---|---|
| 2026-05-31 | -21.28% |
| 2026-02-28 | -80.43% |
| 2025-11-30 | -85.62% |
| 2025-08-31 | -80.56% |
| 2025-05-31 | -189.04% |
| 2025-02-28 | -94.24% |
| 2024-11-30 | -518.88% |
| 2023-12-31 | -1.58% |
| 2023-09-30 | -1.22% |
| 2023-06-30 | -125.56% |
| 2023-03-31 | -0.86% |
