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 9.24% is 16% below its 5-year average of 11.01%, near the low end of its 5-year range (6.23%–17.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.77% above its 12-month average of 9.17%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.24%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.17%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.74%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
7.85%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.45%
CURRENT VS TTM AVG
+0.77%
CURRENT VS 3Y AVG
-21.25%
CURRENT VS 5Y AVG
-16.08%
CURRENT VS 10Y AVG
+17.72%
CURRENT VS 15Y AVG
+64.78%
CURRENT VS 20Y AVG
+69.46%
SECTOR MEDIAN · TECHNOLOGY
8.30%
median of 181 covered companies
CURRENT VS SECTOR MEDIAN
+11.35%
vs the sector median at left
Bel Fuse Inc.
Market Cap
$3.10B
Return on Invested Capital (ROIC)
9.24%
TTM Avg
9.17%
3Y Avg
11.74%
5Y Avg
11.01%
Market Cap
$3.06B
Return on Invested Capital (ROIC)
-11.73%
TTM Avg
-17.80%
3Y Avg
-18.52%
5Y Avg
-15.24%
Market Cap
$3.29B
Return on Invested Capital (ROIC)
0.23%
TTM Avg
-5.08%
3Y Avg
-3.35%
5Y Avg
-1.38%
Market Cap
$2.84B
Return on Invested Capital (ROIC)
1.89%
TTM Avg
4.48%
3Y Avg
5.67%
5Y Avg
5.61%
Market Cap
$2.34B
Return on Invested Capital (ROIC)
3.87%
TTM Avg
-0.56%
3Y Avg
-3.25%
5Y Avg
-4.81%
Market Cap
$3.89B
Return on Invested Capital (ROIC)
4.62%
TTM Avg
-0.95%
3Y Avg
-6.22%
5Y Avg
-73.15%
Market Cap
$2.22B
Return on Invested Capital (ROIC)
-54.60%
TTM Avg
-53.44%
3Y Avg
-53.70%
5Y Avg
-50.40%
Market Cap
$2.06B
Return on Invested Capital (ROIC)
-19.86%
TTM Avg
-14.52%
3Y Avg
-35.29%
5Y Avg
-25.00%
Market Cap
$1.98B
Return on Invested Capital (ROIC)
-2.29%
TTM Avg
-2.83%
3Y Avg
0.50%
5Y Avg
2.30%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bel Fuse Inc. (BELFB) | $3.10B | 9.24% | 9.17% | 11.74% | 11.01% |
| Ambarella, Inc. (AMBA)vs › | $3.06B | -11.73% | -17.80% | -18.52% | -15.24% |
| AXT, Inc. (AXTI)vs › | $3.29B | 0.23% | -5.08% | -3.35% | -1.38% |
| Veeco Instruments Inc. (VECO)vs › | $2.84B | 1.89% | 4.48% | 5.67% | 5.61% |
| nCino, Inc. (NCNO)vs › | $2.34B | 3.87% | -0.56% | -3.25% | -4.81% |
| monday.com Ltd. (MNDY)vs › | $3.89B | 4.62% | -0.95% | -6.22% | -73.15% |
| Asana, Inc. (ASAN)vs › | $2.22B | -54.60% | -53.44% | -53.70% | -50.40% |
| Keel Infrastructure Corp. (KEEL)vs › | $2.06B | -19.86% | -14.52% | -35.29% | -25.00% |
| Ichor Holdings, Ltd. (ICHR)vs › | $1.98B | -2.29% | -2.83% | 0.50% | 2.30% |
| Itron, Inc. (ITRI)vs › | $4.33B | 7.58% | 8.26% | 5.23% | 2.71% |
ROIC
9.2%
ROE
6.6%
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 | 9.24% |
| 2026-03-31 | 10.57% |
| 2025-12-31 | 10.40% |
| 2025-09-30 | 8.82% |
| 2025-06-30 | 6.83% |
| 2025-03-31 | 6.54% |
| 2024-12-31 | 6.23% |
| 2024-09-30 | 11.32% |
| 2024-06-30 | 14.01% |
| 2024-03-31 | 16.27% |
| 2023-12-31 | 16.91% |
| 2023-09-30 | 17.67% |
| 2023-06-30 | 17.77% |
| 2023-03-31 | 15.07% |
| 2022-12-31 | 13.70% |
| 2022-09-30 | 12.48% |
| 2022-06-30 | 10.09% |
| 2022-03-31 | 7.49% |
| 2021-12-31 | 7.10% |
| 2021-09-30 | 6.24% |
| 2021-06-30 | 6.54% |
| 2021-03-31 | 6.12% |
| 2020-12-31 | 4.97% |
| 2020-09-30 | 2.74% |
| 2020-06-30 | -0.63% |
| 2020-03-31 | -0.94% |
| 2019-12-31 | 0.13% |
| 2019-09-30 | 1.74% |
| 2019-06-30 | 6.94% |
| 2019-03-31 | 7.83% |
| 2018-12-31 | 7.64% |
| 2018-09-30 | 3.51% |
| 2018-06-30 | 2.94% |
| 2018-03-31 | 2.29% |
| 2017-12-31 | 2.59% |
| 2017-09-30 | 4.68% |
| 2017-06-30 | 6.20% |
| 2017-03-31 | 8.27% |
| 2016-12-31 | -22.13% |
| 2016-09-30 | -22.54% |
| 2016-06-30 | -22.99% |
| 2016-03-31 | -23.62% |
| 2015-12-31 | 4.41% |
| 2015-09-30 | 4.16% |
| 2015-06-30 | 4.28% |
| 2015-03-31 | 3.26% |
| 2014-12-31 | 2.34% |
| 2014-09-30 | 3.18% |
| 2014-06-30 | 5.32% |
| 2014-03-31 | 8.06% |
| 2013-12-31 | 6.53% |
| 2013-09-30 | 2.56% |
| 2013-06-30 | -0.43% |
| 2013-03-31 | -0.51% |
| 2012-12-31 | 0.74% |
| 2012-09-30 | 2.32% |
| 2012-06-30 | 1.58% |
| 2012-03-31 | 1.08% |
| 2011-12-31 | 1.73% |
| 2011-09-30 | 1.50% |
| 2011-06-30 | 4.79% |
| 2011-03-31 | 7.17% |
| 2010-12-31 | 5.75% |
| 2010-09-30 | 5.36% |
| 2010-06-30 | -5.00% |
| 2010-03-31 | -9.05% |
| 2009-12-31 | -7.96% |
| 2009-09-30 | -15.97% |
| 2009-06-30 | -7.66% |
| 2009-03-31 | -4.76% |
| 2008-12-31 | -4.63% |
| 2008-09-30 | 6.89% |
| 2008-06-30 | 7.32% |
| 2008-03-31 | 7.30% |
| 2007-12-31 | 8.13% |
| 2007-09-30 | 6.24% |
| 2007-06-30 | 7.23% |
| 2007-03-31 | 7.71% |
| 2006-12-31 | 8.27% |
| 2006-09-30 | 8.11% |
| 2006-06-30 | 7.79% |
| 2006-03-31 | 8.88% |
| 2005-12-31 | 9.48% |
| 2005-09-30 | 11.19% |
| 2005-06-30 | 12.15% |
| 2005-03-31 | 10.83% |
| 2004-12-31 | 11.57% |
| 2004-09-30 | 11.55% |
| 2004-06-30 | 10.35% |
| 2004-03-31 | 9.75% |
| 2003-12-31 | 8.27% |
| 2003-09-30 | 4.78% |
| 2003-06-30 | 3.49% |
