Basis: Latest reported fiscal year. 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 -19.50% is 166% below its 3-year average of 29.77%, near the low end of its 3-year range (-19.50%–60.48%).
As of the fiscal period ended Tuesday, March 31, 2026. 393.23% below its 12-month average of 6.65%.
Annual fiscal-year return on invested capital; no daily interpolation. Historical series through 2026-03-31.
RETURN ON INVESTED CAPITAL (ROIC)
-19.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.65%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
29.77%
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
-393.23%
CURRENT VS 3Y AVG
-165.50%
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
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
-700.00%
vs the sector median at left
Phoenix Asia Holdings Limited Ordinary Shares
Market Cap
$416.02M
Return on Invested Capital (ROIC)
-19.50%
TTM Avg
6.65%
3Y Avg
29.77%
5Y Avg
N/A
Market Cap
$411.92M
Return on Invested Capital (ROIC)
6.24%
TTM Avg
4.29%
3Y Avg
4.68%
5Y Avg
2.89%
Market Cap
$422.09M
Return on Invested Capital (ROIC)
-2.79%
TTM Avg
-1.97%
3Y Avg
-2.32%
5Y Avg
-1.93%
Market Cap
$429.84M
Return on Invested Capital (ROIC)
-30.12%
TTM Avg
-48.71%
3Y Avg
-38.11%
5Y Avg
-25.03%
Market Cap
$398.91M
Return on Invested Capital (ROIC)
-37.91%
TTM Avg
-67.31%
3Y Avg
-82.84%
5Y Avg
-107.23%
Market Cap
$435.31M
Return on Invested Capital (ROIC)
7.53%
TTM Avg
8.85%
3Y Avg
5.13%
5Y Avg
2.03%
Market Cap
$439.21M
Return on Invested Capital (ROIC)
5.66%
TTM Avg
12.25%
3Y Avg
12.25%
5Y Avg
12.25%
Market Cap
$446.97M
Return on Invested Capital (ROIC)
N/A
TTM Avg
6.75%
3Y Avg
10.51%
5Y Avg
9.64%
Market Cap
$383.19M
Return on Invested Capital (ROIC)
-0.58%
TTM Avg
0.84%
3Y Avg
2.14%
5Y Avg
2.21%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phoenix Asia Holdings Limited Ordinary Shares (PHOE) | $416.02M | -19.50% | 6.65% | 29.77% | N/A |
| Twin Disc, Incorporated (TWIN)vs › | $411.92M | 6.24% | 4.29% | 4.68% | 2.89% |
| Acacia Research Corporation (ACTG)vs › | $422.09M | -2.79% | -1.97% | -2.32% | -1.93% |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD)vs › | $429.84M | -30.12% | -48.71% | -38.11% | -25.03% |
| Aduro Clean Technologies Inc. (ADUR)vs › | $398.91M | -37.91% | -67.31% | -82.84% | -107.23% |
| TAT Technologies Ltd. (TATT)vs › | $435.31M | 7.53% | 8.85% | 5.13% | 2.03% |
| Cardinal Infrastructure Group Inc. (CDNL)vs › | $439.21M | 5.66% | 12.25% | 12.25% | 12.25% |
| Universal Logistics Holdings, Inc. (ULH)vs › | $446.97M | N/A | 6.75% | 10.51% | 9.64% |
| Xerox Holdings Corporation (XRX)vs › | $383.19M | -0.58% | 0.84% | 2.14% | 2.21% |
| BUUU Group Ltd (BUUU)vs › | $452.60M | 45.68% | 35.94% | 35.94% | 35.94% |
ROIC
-19.5%
ROE
-19.6%
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) |
|---|---|
| 2026-03-31 | -19.50% |
| 2025-03-31 | 32.80% |
| 2024-03-31 | 60.48% |
| 2023-03-31 | 45.30% |
