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 6.72% is 107% above its 5-year average of 3.24%, near the high end of its 5-year range (-4.70%–7.51%).
As of the fiscal period ended Tuesday, June 30, 2026. 6.04% below its 12-month average of 7.15%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): 6.72%.
RETURN ON INVESTED CAPITAL (ROIC)
6.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.15%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-3.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-5.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-6.04%
CURRENT VS 3Y AVG
+12.25%
CURRENT VS 5Y AVG
+107.10%
CURRENT VS 10Y AVG
+300.93%
CURRENT VS 15Y AVG
+217.76%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
5.02%
median of 258 covered companies
CURRENT VS SECTOR MEDIAN
+33.86%
vs the sector median at left
MakeMyTrip Limited
Market Cap
$4.16B
Return on Invested Capital (ROIC)
6.72%
TTM Avg
7.15%
3Y Avg
5.99%
5Y Avg
3.24%
Market Cap
$4.11B
Return on Invested Capital (ROIC)
11.13%
TTM Avg
11.44%
3Y Avg
18.23%
5Y Avg
21.08%
Market Cap
$4.46B
Return on Invested Capital (ROIC)
14.60%
TTM Avg
14.64%
3Y Avg
16.34%
5Y Avg
15.91%
Market Cap
$3.78B
Return on Invested Capital (ROIC)
13.20%
TTM Avg
12.25%
3Y Avg
10.07%
5Y Avg
10.44%
Market Cap
$4.64B
Return on Invested Capital (ROIC)
6.80%
TTM Avg
15.81%
3Y Avg
16.00%
5Y Avg
16.45%
Market Cap
$4.65B
Return on Invested Capital (ROIC)
7.88%
TTM Avg
10.43%
3Y Avg
9.21%
5Y Avg
9.60%
Market Cap
$3.61B
Return on Invested Capital (ROIC)
24.92%
TTM Avg
24.52%
3Y Avg
25.17%
5Y Avg
26.59%
Market Cap
$3.53B
Return on Invested Capital (ROIC)
2.63%
TTM Avg
3.68%
3Y Avg
5.28%
5Y Avg
9.47%
Market Cap
$4.88B
Return on Invested Capital (ROIC)
31.32%
TTM Avg
37.77%
3Y Avg
33.95%
5Y Avg
29.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MakeMyTrip Limited (MMYT) | $4.16B | 6.72% | 7.15% | 5.99% | 3.24% |
| BRP Inc. (DOO)vs › | $4.11B | 11.13% | 11.44% | 18.23% | 21.08% |
| Cavco Industries, Inc. (CVCO)vs › | $4.46B | 14.60% | 14.64% | 16.34% | 15.91% |
| Dorman Products, Inc. (DORM)vs › | $3.78B | 13.20% | 12.25% | 10.07% | 10.44% |
| Gentex Corporation (GNTX)vs › | $4.64B | 6.80% | 15.81% | 16.00% | 16.45% |
| Mattel, Inc. (MAT)vs › | $4.65B | 7.88% | 10.43% | 9.21% | 9.60% |
| Bath & Body Works, Inc. (BBWI)vs › | $3.61B | 24.92% | 24.52% | 25.17% | 26.59% |
| Thor Industries, Inc. (THO)vs › | $3.53B | 2.63% | 3.68% | 5.28% | 9.47% |
| Garrett Motion Inc. (GTX)vs › | $4.88B | 31.32% | 37.77% | 33.95% | 29.97% |
| Steven Madden, Ltd. (SHOO)vs › | $3.32B | 11.45% | 10.16% | 15.20% | 13.05% |
ROIC
6.7%
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) |
|---|---|
| 2026-06-30 | 6.72% |
| 2026-03-31 | 7.24% |
| 2025-12-31 | 7.12% |
| 2025-09-30 | 7.51% |
| 2025-06-30 | 7.17% |
| 2025-03-31 | 6.71% |
| 2024-12-31 | 7.25% |
| 2024-09-30 | 6.52% |
| 2024-06-30 | 5.28% |
| 2024-03-31 | 4.78% |
| 2023-12-31 | 4.66% |
| 2023-09-30 | 3.54% |
| 2023-06-30 | 3.32% |
| 2023-03-31 | 2.10% |
| 2022-12-31 | 1.72% |
| 2022-09-30 | 0.48% |
| 2022-06-30 | -0.59% |
| 2022-03-31 | -2.68% |
| 2021-12-31 | -2.95% |
| 2021-09-30 | -3.06% |
| 2021-06-30 | -4.70% |
| 2021-03-31 | -6.07% |
| 2020-12-31 | -44.82% |
| 2020-09-30 | -47.35% |
| 2020-06-30 | -48.18% |
| 2020-03-31 | -47.52% |
| 2019-12-31 | -10.13% |
| 2019-09-30 | -10.81% |
| 2019-06-30 | -10.99% |
| 2019-03-31 | -11.20% |
| 2018-12-31 | -11.71% |
| 2018-09-30 | -12.76% |
| 2018-06-30 | -13.42% |
| 2018-03-31 | -14.02% |
| 2017-12-31 | -15.64% |
| 2017-09-30 | -12.80% |
| 2017-06-30 | -10.44% |
| 2017-03-31 | -9.60% |
| 2016-12-31 | -45.38% |
| 2016-09-30 | -49.85% |
| 2016-06-30 | -35.59% |
| 2016-03-31 | -23.36% |
| 2015-12-31 | -29.74% |
| 2015-09-30 | -16.36% |
| 2015-06-30 | -10.92% |
| 2015-03-31 | -8.86% |
| 2014-12-31 | -7.32% |
| 2014-09-30 | -6.27% |
| 2014-06-30 | -7.67% |
| 2014-03-31 | -8.81% |
| 2013-12-31 | -21.37% |
| 2013-09-30 | -26.48% |
| 2013-06-30 | -22.27% |
| 2013-03-31 | -16.21% |
| 2012-12-31 | -7.30% |
| 2012-09-30 | -1.57% |
| 2012-06-30 | 1.70% |
| 2012-03-31 | 3.31% |
| 2011-12-31 | 4.57% |
| 2011-09-30 | 4.29% |
| 2011-06-30 | 3.84% |
| 2011-03-31 | 4.98% |
| 2010-12-31 | 2.28% |
| 2010-09-30 | 1.25% |
