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 11.40% is 1222% above its 5-year average of 0.86%, near the high end of its 5-year range (-2.67%–11.40%).
As of the fiscal period ended Friday, July 31, 2026. 87.84% above its 12-month average of 6.07%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
11.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
6.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
0.86%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-5.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-7.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+87.84%
CURRENT VS 3Y AVG
+279.04%
CURRENT VS 5Y AVG
+1222.48%
CURRENT VS 10Y AVG
+320.94%
CURRENT VS 15Y AVG
+255.40%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+39.49%
vs the sector median at left
Workday, Inc.
Market Cap
$48.79B
Return on Invested Capital (ROIC)
11.40%
TTM Avg
6.07%
3Y Avg
3.01%
5Y Avg
0.86%
Market Cap
$48.31B
Return on Invested Capital (ROIC)
11.56%
TTM Avg
4.13%
3Y Avg
4.91%
5Y Avg
6.51%
Market Cap
$49.51B
Return on Invested Capital (ROIC)
15.47%
TTM Avg
0.21%
3Y Avg
-13.24%
5Y Avg
-13.24%
Market Cap
$47.67B
Return on Invested Capital (ROIC)
4.78%
TTM Avg
6.63%
3Y Avg
3.67%
5Y Avg
2.70%
Market Cap
$46.39B
Return on Invested Capital (ROIC)
1.88%
TTM Avg
3.59%
3Y Avg
12.69%
5Y Avg
12.76%
Market Cap
$46.34B
Return on Invested Capital (ROIC)
0.22%
TTM Avg
-2.17%
3Y Avg
-6.29%
5Y Avg
-2.37%
Market Cap
$45.16B
Return on Invested Capital (ROIC)
-0.07%
TTM Avg
-3.67%
3Y Avg
-17.72%
5Y Avg
-16.03%
Market Cap
$44.81B
Return on Invested Capital (ROIC)
21.19%
TTM Avg
18.64%
3Y Avg
17.32%
5Y Avg
15.98%
Market Cap
$52.92B
Return on Invested Capital (ROIC)
10.82%
TTM Avg
10.38%
3Y Avg
10.11%
5Y Avg
9.47%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Workday, Inc. (WDAY) | $48.79B | 11.40% | 6.07% | 3.01% | 0.86% |
| Ciena Corporation (CIEN)vs › | $48.31B | 11.56% | 4.13% | 4.91% | 6.51% |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $49.51B | 15.47% | 0.21% | -13.24% | -13.24% |
| Block, Inc. (XYZ)vs › | $47.67B | 4.78% | 6.63% | 3.67% | 2.70% |
| STMicroelectronics N.V. (STM)vs › | $46.39B | 1.88% | 3.59% | 12.69% | 12.76% |
| Atlassian Corporation (TEAM)vs › | $46.34B | 0.22% | -2.17% | -6.29% | -2.37% |
| Strategy Inc (MSTR)vs › | $45.16B | -0.07% | -3.67% | -17.72% | -16.03% |
| Autodesk, Inc. (ADSK)vs › | $44.81B | 21.19% | 18.64% | 17.32% | 15.98% |
| Electronic Arts Inc. (EA)vs › | $52.92B | 10.82% | 10.38% | 10.11% | 9.47% |
| Garmin Ltd. (GRMN)vs › | $53.14B | 18.76% | 16.46% | 15.58% | 15.92% |
ROIC
11.4%
ROE
19.4%
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) |
|---|---|
| 2026-07-31 | 11.40% |
| 2026-04-30 | 7.22% |
| 2026-01-31 | 4.99% |
| 2025-10-31 | 3.62% |
| 2025-07-31 | 3.10% |
| 2025-04-30 | 2.46% |
| 2025-01-31 | 2.73% |
| 2024-10-31 | 3.46% |
| 2024-07-31 | 2.92% |
| 2024-04-30 | 2.32% |
| 2024-01-31 | 1.46% |
| 2023-10-31 | -0.01% |
| 2023-07-31 | -1.20% |
| 2023-04-30 | -1.99% |
| 2023-01-31 | -2.48% |
| 2022-10-31 | -2.67% |
| 2022-07-31 | -1.91% |
| 2022-04-30 | -1.63% |
| 2022-01-31 | -1.73% |
| 2021-10-31 | -1.35% |
| 2021-07-31 | -2.07% |
| 2021-04-30 | -2.51% |
| 2021-01-31 | -4.41% |
| 2020-10-31 | -5.96% |
| 2020-07-31 | -8.25% |
| 2020-04-30 | -10.92% |
| 2020-01-31 | -12.08% |
| 2019-10-31 | -11.99% |
| 2019-07-31 | -14.23% |
| 2019-04-30 | -14.00% |
| 2019-01-31 | -13.94% |
| 2018-10-31 | -13.37% |
| 2018-07-31 | -10.45% |
| 2018-04-30 | -9.52% |
| 2018-01-31 | -9.39% |
| 2017-10-31 | -10.41% |
| 2017-07-31 | -17.16% |
| 2017-04-30 | -17.78% |
| 2017-01-31 | -18.68% |
| 2016-10-31 | -18.50% |
| 2016-07-31 | -16.56% |
| 2016-04-30 | -15.66% |
| 2016-01-31 | -14.64% |
| 2015-10-31 | -13.73% |
| 2015-07-31 | -12.83% |
| 2015-04-30 | -12.65% |
| 2015-01-31 | -12.56% |
| 2014-10-31 | -12.59% |
| 2014-07-31 | -11.86% |
| 2014-04-30 | -10.05% |
| 2014-01-31 | -8.69% |
| 2013-10-31 | -11.66% |
| 2013-07-31 | -11.42% |
| 2013-04-30 | -19.42% |
| 2013-01-31 | -16.45% |
| 2012-10-31 | -15.00% |
| 2012-07-31 | -124.13% |
