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 4.39% is 12% below its 5-year average of 5.00%, near the low end of its 5-year range (3.31%–7.28%).
As of the fiscal period ended Monday, March 31, 2025. 13.54% above its 12-month average of 3.87%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2025 (2025-03-31): 4.39%.
RETURN ON INVESTED CAPITAL (ROIC)
4.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.45%
CURRENT VS TTM AVG
+13.54%
CURRENT VS 3Y AVG
-13.76%
CURRENT VS 5Y AVG
-12.25%
CURRENT VS 10Y AVG
-26.41%
CURRENT VS 15Y AVG
-21.88%
CURRENT VS 20Y AVG
-19.36%
ROIC
4.4%
ROE
7.3%
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) |
|---|---|
| 2025-03-31 | 4.39% |
| 2024-12-31 | 3.75% |
| 2024-09-30 | 3.32% |
| 2024-06-30 | 3.31% |
| 2024-03-31 | 4.57% |
| 2023-12-31 | 5.81% |
| 2023-09-30 | 6.55% |
| 2023-06-30 | 7.28% |
| 2023-03-31 | 6.22% |
| 2022-12-31 | 5.80% |
| 2022-09-30 | 5.19% |
| 2022-06-30 | 4.83% |
| 2022-03-31 | 5.18% |
| 2021-12-31 | 4.50% |
| 2021-09-30 | 3.75% |
| 2021-06-30 | 4.79% |
| 2021-03-31 | 4.81% |
| 2020-12-31 | 4.49% |
| 2020-09-30 | 5.96% |
| 2020-06-30 | 5.38% |
| 2020-03-31 | 5.21% |
| 2019-12-31 | 5.05% |
| 2019-09-30 | 5.40% |
| 2019-06-30 | 6.48% |
| 2019-03-31 | 7.31% |
| 2018-12-31 | 7.27% |
| 2018-09-30 | 4.12% |
| 2018-06-30 | 4.75% |
| 2018-03-31 | 5.51% |
| 2017-12-31 | 5.85% |
| 2017-09-30 | 8.52% |
| 2017-06-30 | 8.66% |
| 2017-03-31 | 8.18% |
| 2016-12-31 | 8.14% |
| 2016-09-30 | 8.51% |
| 2016-06-30 | 8.99% |
| 2016-03-31 | 9.38% |
| 2015-12-31 | 9.53% |
| 2015-09-30 | -0.97% |
| 2015-06-30 | -2.27% |
| 2015-03-31 | -3.91% |
| 2014-12-31 | -6.10% |
| 2014-09-30 | 4.35% |
| 2014-06-30 | 4.00% |
| 2014-03-31 | 4.40% |
| 2013-12-31 | 5.33% |
| 2013-09-30 | 4.55% |
| 2013-06-30 | 3.67% |
| 2013-03-31 | 3.13% |
| 2012-12-31 | 2.34% |
| 2012-09-30 | 2.50% |
| 2012-06-30 | 3.35% |
| 2012-03-31 | 4.18% |
| 2011-12-31 | 5.40% |
| 2011-09-30 | 6.51% |
| 2011-06-30 | 6.95% |
| 2011-03-31 | 7.03% |
| 2010-12-31 | 8.73% |
| 2010-09-30 | 6.73% |
| 2010-06-30 | 6.06% |
| 2010-03-31 | 4.40% |
| 2009-12-31 | 2.75% |
| 2009-09-30 | 4.30% |
| 2009-06-30 | 5.07% |
| 2009-03-31 | 6.37% |
| 2008-12-31 | 7.96% |
| 2008-09-30 | 7.66% |
| 2008-06-30 | 6.29% |
| 2008-03-31 | 5.66% |
| 2007-12-31 | 4.88% |
| 2007-09-30 | 4.04% |
| 2007-06-30 | 3.64% |
| 2007-03-31 | -15.29% |
| 2006-12-31 | -15.10% |
| 2006-09-30 | -14.48% |
| 2006-06-30 | -14.00% |
| 2006-03-31 | 4.16% |
| 2005-12-31 | 4.25% |
| 2005-09-30 | 3.88% |
| 2005-06-30 | 3.73% |
| 2005-03-31 | 2.50% |
| 2004-12-31 | 1.99% |
| 2004-09-30 | 1.51% |
| 2004-06-30 | 0.80% |
| 2004-03-31 | 3.06% |
| 2003-12-31 | 1.79% |
| 2003-09-30 | 0.93% |
| 2003-06-30 | -3.78% |
| 2003-03-31 | -4.50% |
| 2002-12-31 | -5.35% |
| 2002-09-30 | -6.32% |
| 2002-06-30 | -2.15% |
| 2002-03-31 | -2.90% |
