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 3.53% is 13% below its 5-year average of 4.06%, near the low end of its 5-year range (2.82%–5.31%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.12% below its 12-month average of 3.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
3.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.06%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.14%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.90%
CURRENT VS TTM AVG
-7.12%
CURRENT VS 3Y AVG
-18.04%
CURRENT VS 5Y AVG
-12.99%
CURRENT VS 10Y AVG
-12.96%
CURRENT VS 15Y AVG
-14.52%
CURRENT VS 20Y AVG
-9.40%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 94 covered companies
CURRENT VS SECTOR MEDIAN
-67.79%
vs the sector median at left
Toyota Motor Corporation
Market Cap
$232.74B
Return on Invested Capital (ROIC)
3.53%
TTM Avg
3.81%
3Y Avg
4.31%
5Y Avg
4.06%
Market Cap
$258.61B
Return on Invested Capital (ROIC)
9.55%
TTM Avg
10.13%
3Y Avg
11.92%
5Y Avg
10.90%
Market Cap
$273.24B
Return on Invested Capital (ROIC)
1.99%
TTM Avg
5.52%
3Y Avg
5.79%
5Y Avg
5.34%
Market Cap
$191.80B
Return on Invested Capital (ROIC)
19.98%
TTM Avg
21.09%
3Y Avg
22.36%
5Y Avg
21.19%
Market Cap
$187.25B
Return on Invested Capital (ROIC)
17.85%
TTM Avg
17.90%
3Y Avg
17.47%
5Y Avg
16.44%
Market Cap
$154.27B
Return on Invested Capital (ROIC)
71.23%
TTM Avg
47.48%
3Y Avg
38.26%
5Y Avg
26.91%
Market Cap
$147.93B
Return on Invested Capital (ROIC)
24.37%
TTM Avg
22.94%
3Y Avg
22.04%
5Y Avg
18.45%
Market Cap
$326.88B
Return on Invested Capital (ROIC)
20.29%
TTM Avg
21.03%
3Y Avg
23.85%
5Y Avg
28.48%
Market Cap
$121.13B
Return on Invested Capital (ROIC)
10.00%
TTM Avg
13.23%
3Y Avg
16.04%
5Y Avg
14.19%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Toyota Motor Corporation (TM) | $232.74B | 3.53% | 3.81% | 4.31% | 4.06% |
| LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMUY)vs › | $258.61B | 9.55% | 10.13% | 11.92% | 10.90% |
| Alibaba Group Holding Limited (BABA)vs › | $273.24B | 1.99% | 5.52% | 5.79% | 5.34% |
| Hermes International Societe en commandite par actions Unsponsored ADR (HESAY)vs › | $191.80B | 19.98% | 21.09% | 22.36% | 21.19% |
| McDonald's Corporation (MCD)vs › | $187.25B | 17.85% | 17.90% | 17.47% | 16.44% |
| Booking Holdings Inc. (BKNG)vs › | $154.27B | 71.23% | 47.48% | 38.26% | 26.91% |
| The TJX Companies, Inc. (TJX)vs › | $147.93B | 24.37% | 22.94% | 22.04% | 18.45% |
| The Home Depot, Inc. (HD)vs › | $326.88B | 20.29% | 21.03% | 23.85% | 28.48% |
| Starbucks Corporation (SBUX)vs › | $121.13B | 10.00% | 13.23% | 16.04% | 14.19% |
| PDD Holdings Inc. (PDD)vs › | $119.57B | 18.36% | 23.32% | 22.85% | 14.25% |
ROIC
3.5%
ROE
12.7%
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 | 3.53% |
| 2026-03-31 | 3.43% |
| 2025-12-31 | 3.89% |
| 2025-09-30 | 4.00% |
| 2025-06-30 | 4.18% |
| 2025-03-31 | 4.38% |
| 2024-12-31 | 4.38% |
| 2024-09-30 | 4.65% |
| 2024-06-30 | 5.31% |
| 2024-03-31 | 5.30% |
| 2023-12-31 | 4.94% |
| 2023-09-30 | 4.53% |
| 2023-06-30 | 3.53% |
| 2023-03-31 | 2.92% |
| 2022-12-31 | 2.82% |
| 2022-09-30 | 2.99% |
| 2022-06-30 | 3.46% |
| 2022-03-31 | 4.06% |
| 2021-09-30 | 4.88% |
| 2020-12-31 | 3.06% |
| 2020-09-30 | 2.55% |
| 2020-06-30 | 2.74% |
| 2019-12-31 | 4.17% |
| 2019-09-30 | 4.43% |
| 2019-06-30 | 4.24% |
| 2019-03-31 | 4.27% |
| 2018-12-31 | 4.39% |
| 2018-09-30 | 4.86% |
| 2018-06-30 | 4.80% |
| 2018-03-31 | 4.59% |
| 2017-12-31 | 4.44% |
| 2017-09-30 | 3.52% |
| 2017-06-30 | 3.59% |
| 2017-03-31 | 3.83% |
| 2016-12-31 | 4.17% |
| 2016-09-30 | 4.45% |
| 2016-06-30 | 4.97% |
| 2016-03-31 | 4.98% |
| 2015-12-31 | 5.22% |
| 2015-09-30 | 5.21% |
| 2015-06-30 | 5.10% |
| 2015-03-31 | 5.26% |
| 2014-12-31 | 4.96% |
| 2014-09-30 | 4.83% |
| 2014-06-30 | 4.68% |
| 2014-03-31 | 4.87% |
| 2013-12-31 | 5.16% |
| 2013-09-30 | 4.15% |
| 2013-06-30 | 3.96% |
| 2013-03-31 | 3.31% |
| 2012-12-31 | 2.69% |
| 2012-09-30 | 2.54% |
| 2012-06-30 | 1.98% |
| 2012-03-31 | 0.87% |
| 2011-12-31 | 0.69% |
| 2011-09-30 | 0.46% |
| 2011-06-30 | 0.58% |
| 2011-03-31 | 1.83% |
| 2010-09-30 | 2.29% |
| 2010-06-30 | 1.89% |
| 2010-03-31 | 0.62% |
| 2009-12-31 | -2.34% |
| 2009-09-30 | -4.59% |
| 2009-06-30 | -4.37% |
| 2009-03-31 | -2.15% |
| 2008-12-31 | 1.34% |
| 2008-09-30 | 3.73% |
| 2008-06-30 | 4.59% |
| 2008-03-31 | 4.89% |
| 2007-12-31 | 5.25% |
| 2007-09-30 | 5.40% |
| 2007-06-30 | 5.64% |
| 2007-03-31 | 5.44% |
| 2006-12-31 | 5.60% |
| 2006-09-30 | 5.47% |
| 2006-06-30 | 5.18% |
| 2006-03-31 | 5.09% |
| 2005-12-31 | 5.12% |
| 2005-09-30 | 5.34% |
| 2005-06-30 | 5.50% |
| 2005-03-31 | 5.63% |
| 2004-12-31 | 5.65% |
| 2004-09-30 | 6.01% |
| 2004-06-30 | 5.95% |
| 2004-03-31 | 5.50% |
| 2003-12-31 | 4.55% |
| 2003-09-30 | 4.48% |
| 2003-06-30 | 4.40% |