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 9.47% is 17% below its 5-year average of 11.39%, around the middle of its 5-year range (6.45%–14.43%).
As of the fiscal period ended Sunday, August 2, 2026. 7.71% below its 12-month average of 10.26%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q3 FY2026 (2026-08-02): 9.47%.
RETURN ON INVESTED CAPITAL (ROIC)
9.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.28%
CURRENT VS TTM AVG
-7.71%
CURRENT VS 3Y AVG
-16.03%
CURRENT VS 5Y AVG
-16.87%
CURRENT VS 10Y AVG
+20.67%
CURRENT VS 15Y AVG
+41.02%
CURRENT VS 20Y AVG
+79.34%
SECTOR MEDIAN · TECHNOLOGY
1.88%
median of 554 covered companies
CURRENT VS SECTOR MEDIAN
+402.30%
vs the sector median at left
Photronics, Inc.
Market Cap
$1.82B
Return on Invested Capital (ROIC)
9.47%
TTM Avg
10.26%
3Y Avg
11.28%
5Y Avg
11.39%
Market Cap
$1.80B
Return on Invested Capital (ROIC)
-4.70%
TTM Avg
-10.29%
3Y Avg
-23.95%
5Y Avg
-53.13%
Market Cap
$1.78B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
3.19%
3Y Avg
-6.58%
5Y Avg
-7.63%
Market Cap
$1.76B
Return on Invested Capital (ROIC)
-20.04%
TTM Avg
-34.81%
3Y Avg
-42.09%
5Y Avg
-45.57%
Market Cap
$1.91B
Return on Invested Capital (ROIC)
22.00%
TTM Avg
22.79%
3Y Avg
21.75%
5Y Avg
21.38%
Market Cap
$1.72B
Return on Invested Capital (ROIC)
-18.97%
TTM Avg
-15.36%
3Y Avg
-12.27%
5Y Avg
-9.56%
Market Cap
$1.70B
Return on Invested Capital (ROIC)
-61.51%
TTM Avg
-52.50%
3Y Avg
-42.26%
5Y Avg
-32.31%
Market Cap
$1.70B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.70B
Return on Invested Capital (ROIC)
-1.90%
TTM Avg
-11.84%
3Y Avg
-11.84%
5Y Avg
-11.84%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Photronics, Inc. (PLAB) | $1.82B | 9.47% | 10.26% | 11.28% | 11.39% |
| Quantum Computing, Inc. (QUBT)vs › | $1.80B | -4.70% | -10.29% | -23.95% | -53.13% |
| Nayax Ltd. (NYAX)vs › | $1.78B | 3.18% | 3.19% | -6.58% | -7.63% |
| NextNav Inc. (NN)vs › | $1.76B | -20.04% | -34.81% | -42.09% | -45.57% |
| Karooooo Ltd. (KARO)vs › | $1.91B | 22.00% | 22.79% | 21.75% | 21.38% |
| Wolfspeed Inc. (WOLF)vs › | $1.72B | -18.97% | -15.36% | -12.27% | -9.56% |
| C3.ai, Inc. (AI)vs › | $1.70B | -61.51% | -52.50% | -42.26% | -32.31% |
| Pasqal Holding S.A. Ordinary Share (PSQL)vs › | $1.70B | N/A | N/A | N/A | N/A |
| SharonAI Holdings, Inc. Class A Common Stock (SHAZ)vs › | $1.70B | -1.90% | -11.84% | -11.84% | -11.84% |
| Bandwidth Inc. (BAND)vs › | $1.95B | 0.00% | -1.92% | -2.61% | -2.06% |
ROIC
9.5%
ROE
12.9%
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) |
|---|---|
| 2026-08-02 | 9.47% |
| 2026-05-03 | 9.84% |
| 2026-02-01 | 10.92% |
| 2025-10-31 | 10.91% |
| 2025-08-03 | 10.16% |
| 2025-05-04 | 10.71% |
| 2025-02-02 | 10.51% |
| 2024-10-31 | 10.64% |
| 2024-07-28 | 11.87% |
| 2024-04-28 | 12.86% |
| 2024-01-28 | 13.54% |
| 2023-10-31 | 13.89% |
| 2023-07-30 | 14.10% |
| 2023-04-30 | 14.43% |
| 2023-01-29 | 13.72% |
| 2022-10-31 | 14.12% |
| 2022-07-31 | 11.90% |
| 2022-05-01 | 9.77% |
| 2022-01-30 | 7.99% |
| 2021-10-31 | 6.45% |
| 2021-08-01 | 5.14% |
| 2021-05-02 | 4.55% |
| 2021-01-31 | 3.86% |
| 2020-10-31 | 3.95% |
| 2020-08-02 | 4.69% |
| 2020-05-03 | 4.44% |
| 2020-02-02 | 4.34% |
| 2019-10-31 | 4.26% |
| 2019-07-28 | 4.02% |
| 2019-04-28 | 4.95% |
| 2019-01-27 | 5.19% |
| 2018-10-31 | 6.00% |
| 2018-07-29 | 5.46% |
| 2018-04-29 | 4.06% |
| 2018-01-28 | 3.34% |
| 2017-10-31 | 2.72% |
| 2017-07-30 | 2.44% |
| 2017-04-30 | 2.96% |
| 2017-01-29 | 4.37% |
| 2016-10-31 | 5.30% |
| 2016-07-31 | 7.04% |
| 2016-05-01 | 7.71% |
| 2016-01-31 | 7.15% |
| 2015-10-31 | 6.39% |
| 2015-08-02 | 4.87% |
| 2015-05-03 | 4.05% |
| 2015-02-01 | 3.11% |
| 2014-10-31 | 2.48% |
| 2014-08-03 | 2.32% |
| 2014-05-04 | 2.23% |
| 2014-02-02 | 2.83% |
| 2013-10-31 | 2.82% |
| 2013-07-28 | 2.83% |
| 2013-04-28 | 3.43% |
| 2013-01-27 | 3.96% |
| 2012-10-31 | 4.23% |
| 2012-07-29 | 5.01% |
| 2012-04-29 | 5.60% |
| 2012-01-29 | 5.12% |
| 2011-10-31 | 5.84% |
| 2011-07-31 | 5.71% |
| 2011-05-01 | 4.66% |
| 2011-01-30 | 6.72% |
| 2010-10-31 | 5.10% |
| 2010-08-01 | 4.06% |
| 2010-05-02 | 2.42% |
| 2010-01-31 | -0.59% |
| 2009-10-31 | -2.14% |
| 2009-08-02 | -2.54% |
| 2009-05-03 | -34.77% |
| 2009-02-01 | -33.36% |
| 2008-10-31 | -31.07% |
| 2008-07-27 | -28.42% |
| 2008-04-27 | 0.41% |
| 2008-01-27 | 1.27% |
| 2007-10-31 | 2.27% |
| 2007-07-29 | 3.70% |
| 2007-04-29 | 4.32% |
| 2007-01-28 | 3.48% |
| 2006-10-31 | 3.42% |
| 2006-07-30 | 3.29% |
| 2006-04-30 | 4.20% |
| 2006-01-29 | 5.40% |
| 2005-10-31 | 5.54% |
| 2005-07-31 | 5.49% |
| 2005-05-01 | 6.69% |
| 2005-01-30 | 6.31% |
| 2004-10-31 | 5.62% |
| 2004-08-01 | 4.58% |
| 2004-05-02 | 3.40% |
| 2004-02-01 | -2.23% |
| 2003-10-31 | -3.79% |
| 2003-08-03 | -6.71% |
