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 -31.62% is 50% below its 5-year average of -21.03%, near the low end of its 5-year range (-32.61%–-12.08%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.39% below its 12-month average of -30.89%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -31.62%.
RETURN ON INVESTED CAPITAL (ROIC)
-31.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-30.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-23.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-21.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-21.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-23.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-29.62%
CURRENT VS TTM AVG
-2.39%
CURRENT VS 3Y AVG
-32.08%
CURRENT VS 5Y AVG
-50.38%
CURRENT VS 10Y AVG
-46.06%
CURRENT VS 15Y AVG
-36.56%
CURRENT VS 20Y AVG
-6.75%
SECTOR MEDIAN · HEALTHCARE
-33.61%
median of 706 covered companies
CURRENT VS SECTOR MEDIAN
+5.92%
vs the sector median at left
MediciNova, Inc.
Market Cap
$82.45M
Return on Invested Capital (ROIC)
-31.62%
TTM Avg
-30.89%
3Y Avg
-23.94%
5Y Avg
-21.03%
Market Cap
$82.28M
Return on Invested Capital (ROIC)
-88.72%
TTM Avg
-42.77%
3Y Avg
-39.33%
5Y Avg
-39.33%
Market Cap
$82.16M
Return on Invested Capital (ROIC)
-16.28%
TTM Avg
-50.22%
3Y Avg
-41.74%
5Y Avg
-37.86%
Market Cap
$83.04M
Return on Invested Capital (ROIC)
-88.28%
TTM Avg
-61.59%
3Y Avg
-48.92%
5Y Avg
-67.61%
Market Cap
$79.99M
Return on Invested Capital (ROIC)
-126.99%
TTM Avg
-110.63%
3Y Avg
-85.52%
5Y Avg
-67.36%
Market Cap
$84.40M
Return on Invested Capital (ROIC)
-159.30%
TTM Avg
-82.85%
3Y Avg
-66.58%
5Y Avg
-50.22%
Market Cap
$84.48M
Return on Invested Capital (ROIC)
-87.79%
TTM Avg
-271.72%
3Y Avg
-628154.34%
5Y Avg
-503132.91%
Market Cap
$84.60M
Return on Invested Capital (ROIC)
-90.27%
TTM Avg
-103.33%
3Y Avg
-85.38%
5Y Avg
-72.83%
Market Cap
$79.93M
Return on Invested Capital (ROIC)
-48.39%
TTM Avg
-44.64%
3Y Avg
-40.56%
5Y Avg
-32.79%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MediciNova, Inc. (MNOV) | $82.45M | -31.62% | -30.89% | -23.94% | -21.03% |
| Citius Oncology, Inc. (CTOR)vs › | $82.28M | -88.72% | -42.77% | -39.33% | -39.33% |
| LENSAR Inc (LNSR)vs › | $82.16M | -16.28% | -50.22% | -41.74% | -37.86% |
| Acrivon Therapeutics, Inc. Common Stock (ACRV)vs › | $83.04M | -88.28% | -61.59% | -48.92% | -67.61% |
| Nutriband Inc. (NTRB)vs › | $79.99M | -126.99% | -110.63% | -85.52% | -67.36% |
| Cardiff Oncology, Inc. (CRDF)vs › | $84.40M | -159.30% | -82.85% | -66.58% | -50.22% |
| ProMIS Neurosciences, Inc. (PMN)vs › | $84.48M | -87.79% | -271.72% | -628154.34% | -503132.91% |
| Humacyte, Inc. (HUMA)vs › | $84.60M | -90.27% | -103.33% | -85.38% | -72.83% |
| Pulmonx Corporation (LUNG)vs › | $79.93M | -48.39% | -44.64% | -40.56% | -32.79% |
| Cognition Therapeutics, Inc. (CGTX)vs › | $84.98M | -109.43% | -208.02% | -178.83% | -203.50% |
ROIC
-31.6%
ROE
-28.9%
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 | -31.62% |
| 2026-03-31 | -32.61% |
| 2025-12-31 | -31.77% |
| 2025-09-30 | -30.23% |
| 2025-06-30 | -28.20% |
| 2025-03-31 | -25.33% |
| 2024-12-31 | -23.95% |
| 2024-09-30 | -21.58% |
| 2024-06-30 | -16.96% |
| 2024-03-31 | -16.68% |
| 2023-12-31 | -15.72% |
| 2023-09-30 | -16.29% |
| 2023-06-30 | -20.32% |
| 2023-03-31 | -20.73% |
| 2022-12-31 | -20.61% |
| 2022-09-30 | -18.28% |
| 2022-06-30 | -17.06% |
| 2022-03-31 | -16.53% |
| 2021-12-31 | -12.08% |
| 2021-09-30 | -12.73% |
| 2021-06-30 | -12.34% |
| 2021-03-31 | -12.15% |
| 2020-12-31 | -19.36% |
| 2020-09-30 | -17.74% |
| 2020-06-30 | -16.84% |
| 2020-03-31 | -15.92% |
| 2019-12-31 | -18.18% |
| 2019-09-30 | -16.08% |
| 2019-06-30 | -22.14% |
| 2019-03-31 | -20.60% |
| 2018-12-31 | -20.77% |
| 2018-09-30 | -24.51% |
| 2018-06-30 | -19.70% |
| 2018-03-31 | -18.94% |
| 2017-12-31 | -32.14% |
| 2017-09-30 | -28.83% |
| 2017-06-30 | -27.31% |
| 2017-03-31 | -28.88% |
| 2016-12-31 | -28.50% |
| 2016-09-30 | -30.90% |
| 2016-06-30 | -26.63% |
| 2016-03-31 | -23.36% |
| 2015-12-31 | -24.23% |
| 2015-09-30 | -22.12% |
| 2015-06-30 | -39.05% |
| 2015-03-31 | -36.86% |
| 2014-12-31 | -35.92% |
| 2014-09-30 | -12.80% |
| 2014-06-30 | -11.63% |
| 2014-03-31 | -13.09% |
| 2013-12-31 | -13.82% |
| 2013-09-30 | -39.32% |
| 2013-06-30 | -37.55% |
| 2013-03-31 | -53.02% |
| 2012-12-31 | -59.07% |
| 2012-09-30 | -59.12% |
| 2012-06-30 | -68.45% |
| 2012-03-31 | -62.08% |
| 2011-12-31 | -59.46% |
| 2011-09-30 | -79.93% |
| 2011-06-30 | -69.59% |
| 2011-03-31 | -30.52% |
| 2010-12-31 | -25.65% |
| 2010-09-30 | -42.59% |
| 2010-06-30 | -25.35% |
| 2010-03-31 | -25.95% |
| 2009-12-31 | -23.73% |
| 2009-09-30 | -52.82% |
| 2009-06-30 | -49.58% |
| 2009-03-31 | -43.91% |
| 2008-12-31 | -47.04% |
| 2008-09-30 | -47.50% |
| 2008-06-30 | -54.13% |
| 2008-03-31 | -79.19% |
| 2007-12-31 | -80.73% |
| 2007-09-30 | -91.33% |
| 2007-06-30 | -78.80% |
| 2007-03-31 | -51.01% |
| 2006-12-31 | -41.26% |
| 2006-09-30 | -33.15% |
| 2006-06-30 | -28.94% |
| 2006-03-31 | -27.07% |
| 2005-12-31 | -22.16% |
| 2005-09-30 | -17.96% |
| 2005-06-30 | -23.91% |
| 2005-03-31 | -30.30% |
| 2004-12-31 | -94.98% |
