Basis: Latest reported fiscal year. 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 1.98% is 33% below its 5-year average of 2.95%, near the low end of its 5-year range (1.98%–3.94%).
As of the fiscal period ended Tuesday, March 31, 2026. 8.33% below its 12-month average of 2.16%.
Annual fiscal-year return on invested capital; no daily interpolation. Historical series through 2026-03-31.
RETURN ON INVESTED CAPITAL (ROIC)
1.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
2.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
2.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
0.95%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-1.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
0.44%
CURRENT VS TTM AVG
-8.33%
CURRENT VS 3Y AVG
-28.71%
CURRENT VS 5Y AVG
-32.81%
CURRENT VS 10Y AVG
+109.42%
CURRENT VS 15Y AVG
+281.86%
CURRENT VS 20Y AVG
+350.98%
SECTOR MEDIAN · TECHNOLOGY
0.38%
median of 608 covered companies
CURRENT VS SECTOR MEDIAN
+428.00%
vs the sector median at left
Deswell Industries, Inc.
Market Cap
$48.61M
Return on Invested Capital (ROIC)
1.98%
TTM Avg
2.16%
3Y Avg
2.78%
5Y Avg
2.95%
Market Cap
$48.50M
Return on Invested Capital (ROIC)
-1.19%
TTM Avg
-7.35%
3Y Avg
-6.04%
5Y Avg
-11.50%
Market Cap
$48.92M
Return on Invested Capital (ROIC)
-81.38%
TTM Avg
-26.73%
3Y Avg
-17.87%
5Y Avg
-22.82%
Market Cap
$49.56M
Return on Invested Capital (ROIC)
-51.26%
TTM Avg
-132.56%
3Y Avg
-136.52%
5Y Avg
-119.12%
Market Cap
$50.04M
Return on Invested Capital (ROIC)
-97.08%
TTM Avg
-56.66%
3Y Avg
-45.24%
5Y Avg
-24.03%
Market Cap
$46.78M
Return on Invested Capital (ROIC)
12.43%
TTM Avg
-0.78%
3Y Avg
-9.13%
5Y Avg
-14.94%
Market Cap
$46.64M
Return on Invested Capital (ROIC)
-105.85%
TTM Avg
-65.58%
3Y Avg
-62.06%
5Y Avg
-63.52%
Market Cap
$46.40M
Return on Invested Capital (ROIC)
6.66%
TTM Avg
25.77%
3Y Avg
4.71%
5Y Avg
-0.48%
Market Cap
$44.96M
Return on Invested Capital (ROIC)
-45.66%
TTM Avg
-38.52%
3Y Avg
-49.05%
5Y Avg
-50.76%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Deswell Industries, Inc. (DSWL) | $48.61M | 1.98% | 2.16% | 2.78% | 2.95% |
| TransAct Technologies Incorporated (TACT)vs › | $48.50M | -1.19% | -7.35% | -6.04% | -11.50% |
| All In FutureTech Alliance Inc. (AIFA)vs › | $48.92M | -81.38% | -26.73% | -17.87% | -22.82% |
| AEye, Inc. (LIDR)vs › | $49.56M | -51.26% | -132.56% | -136.52% | -119.12% |
| VirnetX Holding Corp (VHC)vs › | $50.04M | -97.08% | -56.66% | -45.24% | -24.03% |
| Intellicheck, Inc. (IDN)vs › | $46.78M | 12.43% | -0.78% | -9.13% | -14.94% |
| Odysight.ai Inc. (ODYS)vs › | $46.64M | -105.85% | -65.58% | -62.06% | -63.52% |
| Acorn Energy, Inc. (ACFN)vs › | $46.40M | 6.66% | 25.77% | 4.71% | -0.48% |
| Freightos Limited Ordinary shares (CRGO)vs › | $44.96M | -45.66% | -38.52% | -49.05% | -50.76% |
| SAIHEAT Limited (SAIH)vs › | $44.71M | -45.75% | -46.18% | -42.77% | -54.45% |
ROIC
2.0%
ROE
9.7%
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) |
|---|---|
| 2026-03-31 | 1.98% |
| 2025-03-31 | 2.34% |
| 2024-03-31 | 3.94% |
| 2023-03-31 | 2.85% |
| 2022-03-31 | 3.01% |
| 2021-03-31 | 3.56% |
| 2020-03-31 | 1.74% |
| 2019-03-31 | -1.87% |
| 2018-03-31 | 2.21% |
| 2017-03-31 | -2.40% |
| 2016-03-31 | -6.96% |
| 2015-03-31 | -6.13% |
| 2014-03-31 | -8.09% |
| 2013-03-31 | -3.66% |
| 2012-03-31 | -2.01% |
| 2011-03-31 | -7.93% |
| 2010-03-31 | -1.39% |
| 2009-03-31 | 0.62% |
| 2008-03-31 | 7.88% |
| 2007-03-31 | 10.46% |
| 2006-03-31 | 9.07% |
| 2005-03-31 | 15.06% |
| 2004-03-31 | 16.20% |
| 2003-03-31 | 12.36% |
| 2002-03-31 | 16.60% |
| 2001-03-31 | 17.08% |
| 2000-03-31 | 15.93% |
| 1999-03-31 | 17.97% |
| 1998-03-31 | 29.07% |
| 1997-03-31 | 31.52% |
