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 -2.18% is 157% below its 5-year average of 3.79%, near the low end of its 5-year range (-3.65%–10.41%).
As of the fiscal period ended Sunday, May 31, 2026. 24.27% above its 12-month average of -2.87%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-05-31): -2.18%.
RETURN ON INVESTED CAPITAL (ROIC)
-2.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-2.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.98%
CURRENT VS TTM AVG
+24.27%
CURRENT VS 3Y AVG
-204.70%
CURRENT VS 5Y AVG
-157.36%
CURRENT VS 10Y AVG
-141.29%
CURRENT VS 15Y AVG
-135.14%
CURRENT VS 20Y AVG
-154.74%
SECTOR MEDIAN · BASIC MATERIALS
5.38%
median of 123 covered companies
CURRENT VS SECTOR MEDIAN
-140.45%
vs the sector median at left
Northern Technologies International Corporation
Market Cap
$74.09M
Return on Invested Capital (ROIC)
-2.18%
TTM Avg
-2.87%
3Y Avg
2.08%
5Y Avg
3.79%
Market Cap
$79.04M
Return on Invested Capital (ROIC)
-52.58%
TTM Avg
-61.00%
3Y Avg
-108.78%
5Y Avg
-245.52%
Market Cap
$79.82M
Return on Invested Capital (ROIC)
32.33%
TTM Avg
65.02%
3Y Avg
39.95%
5Y Avg
39.95%
Market Cap
$65.59M
Return on Invested Capital (ROIC)
-71.13%
TTM Avg
-124.89%
3Y Avg
-102.92%
5Y Avg
-95.21%
Market Cap
$63.18M
Return on Invested Capital (ROIC)
N/A
TTM Avg
92.51%
3Y Avg
57.15%
5Y Avg
38.04%
Market Cap
$52.73M
Return on Invested Capital (ROIC)
-5.39%
TTM Avg
-13.61%
3Y Avg
-12.07%
5Y Avg
-11.23%
Market Cap
$50.36M
Return on Invested Capital (ROIC)
0.88%
TTM Avg
1.49%
3Y Avg
0.13%
5Y Avg
0.13%
Market Cap
$98.37M
Return on Invested Capital (ROIC)
-23.38%
TTM Avg
-14.98%
3Y Avg
-14.62%
5Y Avg
-8.81%
Market Cap
$39.19M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-194.47%
3Y Avg
-181.07%
5Y Avg
-181.07%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Technologies International Corporation (NTIC) | $74.09M | -2.18% | -2.87% | 2.08% | 3.79% |
| Atlas Lithium Corporation (ATLX)vs › | $79.04M | -52.58% | -61.00% | -108.78% | -245.52% |
| Julong Holding Limited (JLHL)vs › | $79.82M | 32.33% | 65.02% | 39.95% | 39.95% |
| Nexmetals Mining Corp. (NEXM)vs › | $65.59M | -71.13% | -124.89% | -102.92% | -95.21% |
| Namib Minerals (NAMM)vs › | $63.18M | N/A | 92.51% | 57.15% | 38.04% |
| Electra Battery Materials Corporation (ELBM)vs › | $52.73M | -5.39% | -13.61% | -12.07% | -11.23% |
| Texxon Holding Limited Ordinary shares (NPT)vs › | $50.36M | 0.88% | 1.49% | 0.13% | 0.13% |
| Caesarstone Ltd. (CSTE)vs › | $98.37M | -23.38% | -14.98% | -14.62% | -8.81% |
| Odyssey Marine Exploration, Inc. (OMEX)vs › | $39.19M | N/A | -194.47% | -181.07% | -181.07% |
| Largo Inc. (LGO)vs › | $35.99M | -13.90% | -25.30% | -13.12% | -7.23% |
ROIC
-2.2%
ROE
-1.6%
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 | -2.18% |
| 2026-02-28 | -3.30% |
| 2025-11-30 | -3.65% |
| 2025-08-31 | -3.60% |
| 2025-05-31 | -1.65% |
| 2025-02-28 | 0.90% |
| 2024-11-30 | 5.10% |
| 2024-08-31 | 7.72% |
| 2024-05-31 | 6.57% |
| 2024-02-29 | 6.87% |
| 2023-11-30 | 5.12% |
| 2023-08-31 | 4.55% |
| 2023-05-31 | 4.57% |
| 2023-02-28 | 4.52% |
| 2022-11-30 | 4.23% |
| 2022-08-31 | 5.42% |
| 2022-05-31 | 6.25% |
| 2022-02-28 | 7.42% |
| 2021-11-30 | 9.14% |
| 2021-08-31 | 10.41% |
| 2021-05-31 | 5.28% |
| 2021-02-28 | 2.43% |
| 2020-11-30 | 1.53% |
| 2020-08-31 | 1.45% |
| 2020-05-31 | 2.77% |
| 2020-02-29 | 6.78% |
| 2019-11-30 | 8.86% |
| 2019-08-31 | 9.65% |
| 2019-05-31 | 11.91% |
| 2019-02-28 | 13.22% |
| 2018-11-30 | 13.31% |
| 2018-08-31 | 12.81% |
| 2018-05-31 | 11.64% |
| 2018-02-28 | 10.40% |
| 2017-11-30 | 8.93% |
| 2017-08-31 | 7.55% |
| 2017-05-31 | 3.40% |
| 2017-02-28 | 2.98% |
| 2016-11-30 | 2.26% |
| 2016-08-31 | 2.72% |
| 2016-05-31 | 1.84% |
| 2016-02-29 | 2.02% |
| 2015-11-30 | 2.06% |
| 2015-08-31 | 5.23% |
| 2015-05-31 | 8.11% |
| 2015-02-28 | 8.94% |
| 2014-11-30 | 11.53% |
| 2014-08-31 | 11.22% |
| 2014-05-31 | 11.39% |
| 2014-02-28 | 11.27% |
| 2013-11-30 | 10.06% |
| 2013-08-31 | 9.24% |
| 2013-05-31 | 7.28% |
| 2013-02-28 | 8.10% |
| 2012-11-30 | 7.77% |
| 2012-08-31 | 9.33% |
| 2012-05-31 | 11.19% |
| 2012-02-29 | 9.61% |
| 2011-11-30 | 10.93% |
| 2011-08-31 | 3.52% |
| 2011-05-31 | 2.92% |
| 2011-02-28 | 2.21% |
| 2010-11-30 | -0.44% |
| 2010-08-31 | 8.34% |
| 2010-05-31 | 4.35% |
| 2010-02-28 | -0.85% |
| 2009-11-30 | -6.14% |
| 2009-08-31 | -11.63% |
| 2009-05-31 | -11.32% |
| 2009-02-28 | -10.83% |
| 2008-11-30 | -7.30% |
| 2008-08-31 | -5.78% |
| 2008-05-31 | -5.35% |
| 2008-02-29 | -4.55% |
| 2007-11-30 | -3.50% |
| 2007-08-31 | -1.99% |
| 2007-05-31 | -0.74% |
| 2007-02-28 | -0.97% |
| 2006-11-30 | -0.43% |
| 2006-08-31 | 0.25% |
| 2006-05-31 | 0.87% |
| 2006-02-28 | 2.06% |
| 2005-11-30 | 1.56% |
| 2005-08-31 | 0.06% |
| 2005-05-31 | 0.46% |
| 2005-02-28 | 0.77% |
| 2004-11-30 | 1.25% |
| 2004-08-31 | 1.66% |
| 2004-05-31 | -1.41% |
| 2004-02-29 | -3.93% |
| 2003-11-30 | -4.31% |
| 2003-08-31 | -4.91% |
| 2003-05-31 | -2.55% |
