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 12.29% is 166% above its 5-year average of 4.62%, near the high end of its 5-year range (-11.61%–12.29%).
As of the fiscal period ended Tuesday, June 30, 2026. 22.34% above its 12-month average of 10.05%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.60%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.62%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
2.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.05%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-1.02%
CURRENT VS TTM AVG
+22.34%
CURRENT VS 3Y AVG
+119.35%
CURRENT VS 5Y AVG
+166.07%
CURRENT VS 10Y AVG
+493.68%
CURRENT VS 15Y AVG
+1070.77%
CURRENT VS 20Y AVG
+1308.51%
SECTOR MEDIAN · BASIC MATERIALS
9.11%
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
+34.91%
vs the sector median at left
Avino Silver & Gold Mines Ltd.
Market Cap
$1.24B
Return on Invested Capital (ROIC)
12.29%
TTM Avg
10.05%
3Y Avg
5.60%
5Y Avg
4.62%
Market Cap
$836.65M
Return on Invested Capital (ROIC)
-22.76%
TTM Avg
-45.10%
3Y Avg
-51.52%
5Y Avg
-62.49%
Market Cap
$2.20B
Return on Invested Capital (ROIC)
-0.28%
TTM Avg
8.39%
3Y Avg
7.69%
5Y Avg
7.19%
Market Cap
$2.87B
Return on Invested Capital (ROIC)
22.75%
TTM Avg
22.77%
3Y Avg
21.03%
5Y Avg
20.92%
Market Cap
$3.17B
Return on Invested Capital (ROIC)
11.37%
TTM Avg
2.11%
3Y Avg
2.25%
5Y Avg
2.22%
Market Cap
$3.39B
Return on Invested Capital (ROIC)
16.98%
TTM Avg
18.90%
3Y Avg
16.60%
5Y Avg
14.82%
Market Cap
$4.13B
Return on Invested Capital (ROIC)
13.10%
TTM Avg
6.05%
3Y Avg
5.91%
5Y Avg
8.76%
Market Cap
$4.47B
Return on Invested Capital (ROIC)
18.02%
TTM Avg
10.21%
3Y Avg
4.78%
5Y Avg
4.76%
Market Cap
$7.14B
Return on Invested Capital (ROIC)
5.81%
TTM Avg
4.97%
3Y Avg
5.93%
5Y Avg
5.31%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Avino Silver & Gold Mines Ltd. (ASM) | $1.24B | 12.29% | 10.05% | 5.60% | 4.62% |
| Lightwave Logic, Inc. (LWLG)vs › | $836.65M | -22.76% | -45.10% | -51.52% | -62.49% |
| Minerals Technologies Inc. (MTX)vs › | $2.20B | -0.28% | 8.39% | 7.69% | 7.19% |
| WD-40 Company (WDFC)vs › | $2.87B | 22.75% | 22.77% | 21.03% | 20.92% |
| Endeavour Silver Corp. (EXK)vs › | $3.17B | 11.37% | 2.11% | 2.25% | 2.22% |
| United States Lime & Minerals, Inc. (USLM)vs › | $3.39B | 16.98% | 18.90% | 16.60% | 14.82% |
| Aris Mining Corporation (ARIS)vs › | $4.13B | 13.10% | 6.05% | 5.91% | 8.76% |
| Griffon Corporation (GFF)vs › | $4.47B | 18.02% | 10.21% | 4.78% | 4.76% |
| Arcosa, Inc. (ACA)vs › | $7.14B | 5.81% | 4.97% | 5.93% | 5.31% |
| Builders FirstSource, Inc. (BLDR)vs › | $7.14B | 3.18% | 10.45% | 18.39% | 18.04% |
ROIC
12.3%
ROE
15.9%
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) |
|---|---|
| 2026-06-30 | 12.29% |
| 2026-03-31 | 10.58% |
| 2025-12-31 | 8.19% |
| 2025-09-30 | 9.62% |
| 2025-06-30 | 9.56% |
| 2025-03-31 | 9.01% |
| 2024-12-31 | 6.21% |
| 2024-09-30 | 3.08% |
| 2024-06-30 | 1.68% |
| 2024-03-31 | 0.14% |
| 2023-12-31 | -0.10% |
| 2023-09-30 | 1.32% |
| 2023-06-30 | 1.28% |
| 2023-03-31 | 2.47% |
| 2022-12-31 | 3.90% |
| 2022-09-30 | 4.50% |
| 2022-06-30 | 4.11% |
| 2022-03-31 | 2.01% |
| 2021-12-31 | -2.06% |
| 2021-09-30 | -10.09% |
| 2021-06-30 | -11.61% |
| 2021-03-31 | -8.40% |
| 2020-12-31 | -7.04% |
| 2020-09-30 | -4.73% |
| 2020-06-30 | -4.49% |
| 2020-03-31 | -5.92% |
| 2019-12-31 | -6.80% |
| 2019-09-30 | -1.97% |
| 2019-06-30 | -1.49% |
| 2019-03-31 | 0.24% |
| 2018-12-31 | 1.43% |
| 2018-09-30 | 1.88% |
| 2018-06-30 | 2.17% |
| 2018-03-31 | 2.34% |
| 2017-12-31 | 3.56% |
| 2017-09-30 | 2.79% |
| 2017-06-30 | 4.53% |
| 2017-03-31 | 4.51% |
| 2016-12-31 | 3.89% |
| 2016-10-11 | 3.76% |
| 2016-06-30 | 2.71% |
| 2016-03-31 | 2.73% |
| 2015-12-31 | 3.01% |
| 2015-09-30 | 3.22% |
| 2015-06-30 | 2.95% |
| 2015-03-31 | 3.34% |
| 2014-12-31 | 3.78% |
| 2014-09-30 | 4.15% |
| 2014-06-30 | 5.25% |
| 2014-03-31 | 5.57% |
| 2013-12-31 | 4.84% |
| 2013-09-30 | 6.42% |
| 2013-06-30 | 2.25% |
| 2013-03-31 | -3.19% |
| 2012-12-31 | -4.34% |
| 2012-09-30 | -5.60% |
| 2012-06-30 | -10.10% |
| 2012-03-31 | -9.62% |
| 2011-12-31 | -16.57% |
| 2011-09-30 | -16.79% |
| 2011-06-30 | -11.77% |
| 2011-03-31 | -10.96% |
| 2010-12-31 | -3.91% |
| 2010-09-30 | -5.48% |
| 2010-06-30 | -5.70% |
| 2010-03-31 | -5.33% |
| 2009-12-31 | -5.28% |
| 2009-09-30 | -5.47% |
| 2009-06-30 | -4.51% |
| 2009-03-31 | -5.51% |
| 2008-12-31 | -4.62% |
| 2008-09-30 | -3.07% |
| 2008-06-30 | -3.98% |
| 2008-03-31 | -4.63% |
| 2007-10-31 | -6.46% |
| 2007-07-31 | -7.27% |
| 2007-04-30 | -7.29% |
| 2007-01-31 | -18.42% |
| 2006-10-31 | -20.27% |
| 2006-07-31 | -19.86% |
| 2006-04-30 | -28.72% |
| 2006-01-31 | -45.41% |
| 2005-10-31 | -39.22% |
| 2004-12-31 | -10.55% |
| 2004-07-31 | -13.16% |
| 2004-04-30 | -10.57% |
| 2004-01-31 | -9.32% |
| 2003-10-31 | -31.82% |
| 2003-07-31 | -25.52% |
| 2003-04-30 | -35.38% |
