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 8.33% is 20% below its 5-year average of 10.46%, near the low end of its 5-year range (8.33%–12.15%).
As of the fiscal period ended Sunday, May 31, 2026. 18.81% below its 12-month average of 10.26%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
8.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.26%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
10.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
10.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.01%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
9.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
9.79%
CURRENT VS TTM AVG
-18.81%
CURRENT VS 3Y AVG
-20.37%
CURRENT VS 5Y AVG
-20.38%
CURRENT VS 10Y AVG
-16.82%
CURRENT VS 15Y AVG
-15.30%
CURRENT VS 20Y AVG
-14.91%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+1.74%
vs the sector median at left
General Mills, Inc.
Market Cap
$20.12B
Return on Invested Capital (ROIC)
8.33%
TTM Avg
10.26%
3Y Avg
10.46%
5Y Avg
10.46%
Market Cap
$20.81B
Return on Invested Capital (ROIC)
10.85%
TTM Avg
14.39%
3Y Avg
11.61%
5Y Avg
10.32%
Market Cap
$18.59B
Return on Invested Capital (ROIC)
3.32%
TTM Avg
3.16%
3Y Avg
3.97%
5Y Avg
5.70%
Market Cap
$22.50B
Return on Invested Capital (ROIC)
10.83%
TTM Avg
9.71%
3Y Avg
9.28%
5Y Avg
10.44%
Market Cap
$23.27B
Return on Invested Capital (ROIC)
15.14%
TTM Avg
10.85%
3Y Avg
9.83%
5Y Avg
9.28%
Market Cap
$23.62B
Return on Invested Capital (ROIC)
5.82%
TTM Avg
4.71%
3Y Avg
8.46%
5Y Avg
8.82%
Market Cap
$13.86B
Return on Invested Capital (ROIC)
6.16%
TTM Avg
7.89%
3Y Avg
7.26%
5Y Avg
7.39%
Market Cap
$13.27B
Return on Invested Capital (ROIC)
6.96%
TTM Avg
2.54%
3Y Avg
2.92%
5Y Avg
4.02%
Market Cap
$12.31B
Return on Invested Capital (ROIC)
13.69%
TTM Avg
13.07%
3Y Avg
12.75%
5Y Avg
13.99%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| General Mills, Inc. (GIS) | $20.12B | 8.33% | 10.26% | 10.46% | 10.46% |
| Constellation Brands, Inc. (STZ)vs › | $20.81B | 10.85% | 14.39% | 11.61% | 10.32% |
| Tyson Foods, Inc. (TSN)vs › | $18.59B | 3.32% | 3.16% | 3.97% | 5.70% |
| Church & Dwight Co., Inc. (CHD)vs › | $22.50B | 10.83% | 9.71% | 9.28% | 10.44% |
| Dollar Tree, Inc. (DLTR)vs › | $23.27B | 15.14% | 10.85% | 9.83% | 9.28% |
| Bunge Global S.A. (BG)vs › | $23.62B | 5.82% | 4.71% | 8.46% | 8.82% |
| McCormick & Company, Incorporated (MKC)vs › | $13.86B | 6.16% | 7.89% | 7.26% | 7.39% |
| The J. M. Smucker Company (SJM)vs › | $13.27B | 6.96% | 2.54% | 2.92% | 4.02% |
| Brown-Forman Corporation (BF-B)vs › | $12.31B | 13.69% | 13.07% | 12.75% | 13.99% |
| Dollar General Corporation (DG)vs › | $28.01B | 7.47% | 6.23% | 7.83% | 8.74% |
ROIC
8.3%
ROE
-1.2%
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) |
|---|---|
| 2026-05-31 | 8.33% |
| 2026-02-22 | 9.70% |
| 2025-11-23 | 10.97% |
| 2025-08-24 | 12.03% |
| 2025-05-25 | 9.66% |
| 2025-02-23 | 10.55% |
| 2024-11-24 | 10.54% |
| 2024-08-25 | 10.20% |
| 2024-05-26 | 10.65% |
| 2024-02-25 | 11.13% |
| 2023-11-26 | 10.54% |
| 2023-08-27 | 10.24% |
| 2023-05-31 | 10.84% |
| 2023-02-26 | 11.85% |
| 2022-11-27 | 12.15% |
| 2022-08-28 | 11.93% |
| 2022-05-31 | 11.20% |
| 2022-02-27 | 9.45% |
| 2021-11-28 | 9.05% |
| 2021-08-29 | 9.22% |
| 2021-05-31 | 9.39% |
| 2021-02-28 | 10.04% |
| 2020-11-29 | 9.65% |
| 2020-08-30 | 9.51% |
| 2020-05-31 | 9.36% |
| 2020-02-23 | 9.38% |
| 2019-11-24 | 9.33% |
| 2019-08-25 | 8.45% |
| 2019-05-31 | 8.06% |
| 2019-02-24 | 7.19% |
| 2018-11-25 | 8.72% |
| 2018-08-26 | 9.28% |
| 2018-05-31 | 9.01% |
| 2018-02-25 | 12.82% |
| 2017-11-26 | 9.61% |
| 2017-08-27 | 9.83% |
| 2017-05-31 | 10.11% |
| 2017-02-26 | 9.93% |
| 2016-11-27 | 9.98% |
| 2016-08-28 | 10.13% |
| 2016-05-31 | 10.44% |
| 2016-02-28 | 9.32% |
| 2015-11-29 | 9.33% |
| 2015-08-30 | 7.94% |
| 2015-05-31 | 7.64% |
| 2015-02-22 | 8.07% |
| 2014-11-23 | 8.07% |
| 2014-08-24 | 9.34% |
| 2014-05-31 | 9.99% |
| 2014-02-23 | 9.84% |
| 2013-11-24 | 9.79% |
| 2013-08-25 | 9.82% |
| 2013-05-31 | 10.56% |
| 2013-02-24 | 10.10% |
| 2012-11-25 | 10.10% |
| 2012-08-26 | 9.80% |
| 2012-05-31 | 9.56% |
| 2012-02-26 | 9.20% |
| 2011-11-27 | 9.22% |
| 2011-08-28 | 9.97% |
| 2011-05-31 | 12.12% |
| 2011-02-27 | 12.09% |
| 2010-11-28 | 11.63% |
| 2010-08-29 | 11.45% |
| 2010-05-31 | 11.51% |
| 2010-02-28 | 11.74% |
| 2009-11-29 | 11.32% |
| 2009-08-30 | 10.37% |
| 2009-05-31 | 9.63% |
| 2009-02-22 | 7.69% |
| 2008-11-23 | 8.55% |
| 2008-08-24 | 8.66% |
| 2008-05-31 | 8.94% |
| 2008-02-24 | 9.14% |
| 2007-11-25 | 8.35% |
| 2007-08-26 | 8.55% |
| 2007-05-31 | 9.01% |
| 2007-02-25 | 8.62% |
| 2006-11-26 | 8.40% |
| 2006-08-27 | 8.38% |
| 2006-05-31 | 8.43% |
| 2006-02-26 | 8.26% |
| 2005-11-27 | 8.09% |
| 2005-08-28 | 8.20% |
| 2005-05-31 | 7.86% |
| 2005-02-27 | 7.83% |
| 2004-11-28 | 8.03% |
| 2004-08-29 | 7.80% |
| 2004-05-31 | 8.14% |
| 2004-02-22 | 7.34% |
| 2003-11-23 | 7.45% |
| 2003-08-24 | 7.57% |
| 2003-05-31 | 7.69% |
