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 7.78% is 26% above its 5-year average of 6.18%, around the middle of its 5-year range (-2.16%–17.83%).
As of the fiscal period ended Saturday, June 27, 2026. 41.86% above its 12-month average of 5.48%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-27): 7.78%.
RETURN ON INVESTED CAPITAL (ROIC)
7.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
5.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+41.86%
CURRENT VS 3Y AVG
+243.15%
CURRENT VS 5Y AVG
+25.87%
CURRENT VS 10Y AVG
+79.78%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
7.81%
median of 213 covered companies
CURRENT VS SECTOR MEDIAN
-0.38%
vs the sector median at left
Qorvo, Inc.
Market Cap
$10.07B
Return on Invested Capital (ROIC)
7.78%
TTM Avg
5.48%
3Y Avg
2.27%
5Y Avg
6.18%
Market Cap
$10.13B
Return on Invested Capital (ROIC)
18.77%
TTM Avg
17.83%
3Y Avg
16.55%
5Y Avg
16.46%
Market Cap
$9.96B
Return on Invested Capital (ROIC)
23.60%
TTM Avg
21.75%
3Y Avg
20.25%
5Y Avg
18.82%
Market Cap
$9.77B
Return on Invested Capital (ROIC)
-1.37%
TTM Avg
-2.59%
3Y Avg
-9.00%
5Y Avg
-12.88%
Market Cap
$9.40B
Return on Invested Capital (ROIC)
14.77%
TTM Avg
9.14%
3Y Avg
11.24%
5Y Avg
15.36%
Market Cap
$9.28B
Return on Invested Capital (ROIC)
-3.49%
TTM Avg
-11.35%
3Y Avg
-13.11%
5Y Avg
-12.97%
Market Cap
$10.98B
Return on Invested Capital (ROIC)
5.70%
TTM Avg
-0.53%
3Y Avg
-4.07%
5Y Avg
-3.84%
Market Cap
$11.12B
Return on Invested Capital (ROIC)
-47.16%
TTM Avg
-39.27%
3Y Avg
-53.60%
5Y Avg
-45.31%
Market Cap
$8.65B
Return on Invested Capital (ROIC)
16.87%
TTM Avg
23.00%
3Y Avg
16.70%
5Y Avg
12.52%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Qorvo, Inc. (QRVO) | $10.07B | 7.78% | 5.48% | 2.27% | 6.18% |
| Jack Henry & Associates, Inc. (JKHY)vs › | $10.13B | 18.77% | 17.83% | 16.55% | 16.46% |
| Paycom Software, Inc. (PAYC)vs › | $9.96B | 23.60% | 21.75% | 20.25% | 18.82% |
| Elastic N.V. (ESTC)vs › | $9.77B | -1.37% | -2.59% | -9.00% | -12.88% |
| Silicon Motion Technology Corporation (SIMO)vs › | $9.40B | 14.77% | 9.14% | 11.24% | 15.36% |
| Applied Optoelectronics, Inc. (AAOI)vs › | $9.28B | -3.49% | -11.35% | -13.11% | -12.97% |
| HubSpot, Inc. (HUBS)vs › | $10.98B | 5.70% | -0.53% | -4.07% | -3.84% |
| Aurora Innovation, Inc. (AUR)vs › | $11.12B | -47.16% | -39.27% | -53.60% | -45.31% |
| InterDigital, Inc. (IDCC)vs › | $8.65B | 16.87% | 23.00% | 16.70% | 12.52% |
| Dropbox, Inc. (DBX)vs › | $8.63B | 31.70% | 24.91% | 21.01% | 12.84% |
ROIC
7.8%
ROE
11.5%
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) |
|---|---|
| 2026-06-27 | 7.78% |
| 2026-03-28 | 6.85% |
| 2025-12-27 | 6.46% |
| 2025-09-27 | 4.41% |
| 2025-06-28 | 1.91% |
| 2025-03-29 | 1.57% |
| 2024-12-28 | 1.04% |
| 2024-09-28 | 0.05% |
| 2024-06-29 | 1.41% |
| 2024-03-30 | 0.88% |
| 2023-12-30 | -2.16% |
| 2023-09-30 | -1.27% |
| 2023-07-01 | 0.55% |
| 2023-03-31 | 2.47% |
| 2022-12-31 | 7.90% |
| 2022-10-01 | 11.26% |
| 2022-07-02 | 13.23% |
| 2022-03-31 | 15.70% |
| 2022-01-01 | 16.48% |
| 2021-10-02 | 17.83% |
| 2021-07-03 | 15.45% |
| 2021-03-31 | 12.59% |
| 2021-01-02 | 9.23% |
| 2020-10-03 | 6.42% |
| 2020-06-27 | 6.33% |
| 2020-03-31 | 5.94% |
| 2019-12-28 | 5.79% |
| 2019-09-28 | 5.48% |
| 2019-06-29 | 5.31% |
| 2019-03-31 | 4.03% |
| 2018-12-29 | 2.24% |
| 2018-09-29 | 2.18% |
| 2018-06-30 | 1.47% |
| 2018-03-31 | 0.65% |
| 2017-12-30 | 1.26% |
| 2017-09-30 | 0.53% |
| 2017-07-01 | 0.90% |
| 2017-03-31 | 0.79% |
| 2016-12-31 | 1.10% |
| 2016-10-01 | 0.75% |
| 2016-07-02 | 0.30% |
| 2016-03-31 | 0.19% |
| 2016-01-02 | -1.48% |
| 2015-10-03 | 0.29% |
| 2015-06-27 | 1.25% |
| 2015-03-31 | 2.11% |
| 2014-12-27 | 21.43% |
| 2014-09-27 | 14.25% |
| 2014-06-28 | 7.90% |
| 2014-03-31 | 2.08% |
| 2013-12-31 | 3.00% |
| 2013-09-28 | 2.42% |
| 2013-06-29 | 1.50% |
