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 23.99% is 56% above its 5-year average of 15.42%, near the high end of its 5-year range (4.73%–23.99%).
As of the fiscal period ended Sunday, August 2, 2026. 30.49% above its 12-month average of 18.38%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
23.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
15.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
12.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+30.49%
CURRENT VS 3Y AVG
+79.85%
CURRENT VS 5Y AVG
+55.56%
CURRENT VS 10Y AVG
+115.62%
CURRENT VS 15Y AVG
+88.69%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+193.58%
vs the sector median at left
Broadcom Inc.
Market Cap
$1.76T
Return on Invested Capital (ROIC)
23.99%
TTM Avg
18.38%
3Y Avg
13.34%
5Y Avg
15.42%
Market Cap
$1.35T
Return on Invested Capital (ROIC)
30.10%
TTM Avg
23.39%
3Y Avg
10.57%
5Y Avg
9.78%
Market Cap
$2.29T
Return on Invested Capital (ROIC)
27.56%
TTM Avg
22.55%
3Y Avg
21.72%
5Y Avg
21.33%
Market Cap
$1.16T
Return on Invested Capital (ROIC)
44.23%
TTM Avg
6.74%
3Y Avg
4.71%
5Y Avg
5.97%
Market Cap
$831.08B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
3.95%
3Y Avg
2.65%
5Y Avg
9.51%
Market Cap
$681.35B
Return on Invested Capital (ROIC)
37.49%
TTM Avg
30.16%
3Y Avg
30.41%
5Y Avg
28.27%
Market Cap
$527.25B
Return on Invested Capital (ROIC)
0.05%
TTM Avg
-3.55%
3Y Avg
-1.38%
5Y Avg
1.34%
Market Cap
$474.62B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$431.48B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Broadcom Inc. (AVGO) | $1.76T | 23.99% | 18.38% | 13.34% | 15.42% |
| SK hynix Inc. (SKHY)vs › | $1.35T | 30.10% | 23.39% | 10.57% | 9.78% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM)vs › | $2.29T | 27.56% | 22.55% | 21.72% | 21.33% |
| Micron Technology, Inc. (MU)vs › | $1.16T | 44.23% | 6.74% | 4.71% | 5.97% |
| Advanced Micro Devices, Inc. (AMD)vs › | $831.08B | 7.58% | 3.95% | 2.65% | 9.51% |
| ASML Holding N.V. (ASML)vs › | $681.35B | 37.49% | 30.16% | 30.41% | 28.27% |
| Intel Corp. (INTC)vs › | $527.25B | 0.05% | -3.55% | -1.38% | 1.34% |
| Oracle Corporation (ORCL)vs › | $474.62B | 7.99% | 9.43% | 10.21% | 10.72% |
| Cisco Systems, Inc. (CSCO)vs › | $431.48B | 12.96% | 12.31% | 13.13% | 13.79% |
| Lam Research Corporation (LRCX)vs › | $401.36B | 40.77% | 37.48% | 33.35% | 33.83% |
ROIC
24.0%
ROE
38.4%
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) |
|---|---|
| 2026-08-02 | 23.99% |
| 2026-05-03 | 19.50% |
| 2026-02-01 | 17.64% |
| 2025-11-02 | 16.36% |
| 2025-08-03 | 14.42% |
| 2025-05-04 | 10.59% |
| 2025-02-02 | 8.69% |
| 2024-11-03 | 5.58% |
| 2024-08-04 | 4.73% |
| 2024-05-05 | 7.84% |
| 2024-02-04 | 8.15% |
| 2023-10-29 | 22.56% |
| 2023-07-30 | 23.03% |
| 2023-04-30 | 22.88% |
| 2023-01-29 | 21.56% |
| 2022-10-30 | 19.80% |
| 2022-07-31 | 18.27% |
| 2022-05-01 | 16.46% |
| 2022-01-30 | 14.16% |
| 2021-10-31 | 12.20% |
| 2021-08-01 | 10.72% |
| 2021-05-02 | 9.15% |
| 2021-01-31 | 7.22% |
| 2020-11-01 | 5.70% |
| 2020-08-02 | 4.83% |
| 2020-05-03 | 4.49% |
| 2020-02-02 | 4.77% |
| 2019-11-03 | 5.43% |
| 2017-10-31 | 4.49% |
| 2017-07-31 | 2.32% |
| 2017-04-30 | 1.26% |
| 2017-01-31 | -0.80% |
| 2016-10-31 | -0.86% |
| 2016-07-31 | -0.58% |
| 2016-04-30 | 0.58% |
| 2016-01-31 | 16.22% |
| 2015-10-31 | 16.26% |
| 2015-07-31 | 13.28% |
| 2015-04-30 | 9.06% |
| 2015-01-31 | 6.55% |
| 2014-10-31 | 4.16% |
| 2014-07-31 | 3.26% |
| 2014-04-30 | 18.23% |
| 2014-01-31 | 17.62% |
| 2013-10-31 | 17.93% |
| 2013-07-31 | 18.84% |
| 2013-04-30 | 19.86% |
| 2013-01-31 | 21.27% |
| 2012-10-31 | 22.26% |
| 2012-07-31 | 23.43% |
| 2012-04-30 | 24.66% |
| 2012-01-31 | 26.33% |
| 2011-10-31 | 27.42% |
| 2011-07-31 | 29.05% |
| 2011-04-30 | 29.77% |
| 2011-01-31 | 30.57% |
| 2010-10-31 | 25.58% |
| 2010-07-31 | 18.64% |
| 2010-04-30 | 12.29% |
| 2010-01-31 | 6.94% |
| 2009-10-31 | 2.82% |
| 2009-07-31 | 5.64% |
| 2009-04-30 | 6.96% |
