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 -23.02% is 177% below its 5-year average of -8.30%, near the low end of its 5-year range (-30.15%–6.42%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.72% below its 12-month average of -21.77%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-06-30): -23.02%.
RETURN ON INVESTED CAPITAL (ROIC)
-23.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-21.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-14.54%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-8.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-1.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
1.64%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
0.84%
CURRENT VS TTM AVG
-5.72%
CURRENT VS 3Y AVG
-58.34%
CURRENT VS 5Y AVG
-177.34%
CURRENT VS 10Y AVG
-1108.73%
CURRENT VS 15Y AVG
-1499.57%
CURRENT VS 20Y AVG
-2827.81%
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 444 covered companies
CURRENT VS SECTOR MEDIAN
-808.22%
vs the sector median at left
Highway Holdings Limited
Market Cap
$4.16M
Return on Invested Capital (ROIC)
-23.02%
TTM Avg
-21.77%
3Y Avg
-14.54%
5Y Avg
-8.30%
Market Cap
$3.82M
Return on Invested Capital (ROIC)
-16.56%
TTM Avg
-19.42%
3Y Avg
-24.30%
5Y Avg
-12.64%
Market Cap
$4.14M
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.40M
Return on Invested Capital (ROIC)
13.83%
TTM Avg
15.68%
3Y Avg
21.05%
5Y Avg
25.97%
Market Cap
$3.73M
Return on Invested Capital (ROIC)
-28.01%
TTM Avg
-9.73%
3Y Avg
-0.57%
5Y Avg
3.18%
Market Cap
$4.76M
Return on Invested Capital (ROIC)
-14.78%
TTM Avg
-16.86%
3Y Avg
-8.45%
5Y Avg
-5.84%
Market Cap
$4.66M
Return on Invested Capital (ROIC)
-2.53%
TTM Avg
0.56%
3Y Avg
-12.05%
5Y Avg
6.20%
Market Cap
$3.57M
Return on Invested Capital (ROIC)
-41.31%
TTM Avg
-18.64%
3Y Avg
-36.99%
5Y Avg
-14.46%
Market Cap
$4.76M
Return on Invested Capital (ROIC)
-47.29%
TTM Avg
-27.30%
3Y Avg
-29.48%
5Y Avg
-19.40%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Highway Holdings Limited (HIHO) | $4.16M | -23.02% | -21.77% | -14.54% | -8.30% |
| E-Power Inc. Class A (EPOW)vs › | $3.82M | -16.56% | -19.42% | -24.30% | -12.64% |
| Liberty Defense Holdings, Ltd. Common Shares (DETX)vs › | $4.14M | N/A | N/A | N/A | N/A |
| Haoxin Holdings Limited Class A Ordinary Shares (HXHX)vs › | $4.40M | 13.83% | 15.68% | 21.05% | 25.97% |
| INLIF Limited (INLF)vs › | $3.73M | -28.01% | -9.73% | -0.57% | 3.18% |
| FBS Global Limited Ordinary Shares (FBGL)vs › | $4.76M | -14.78% | -16.86% | -8.45% | -5.84% |
| JBDI Holdings Limited (JBDI)vs › | $4.66M | -2.53% | 0.56% | -12.05% | 6.20% |
| Baiya International Group Inc. (BIYA)vs › | $3.57M | -41.31% | -18.64% | -36.99% | -14.46% |
| Hydrofarm Holdings Group, Inc. (HYFM)vs › | $4.76M | -47.29% | -27.30% | -29.48% | -19.40% |
| YYForce Inc. (YFOR)vs › | $3.47M | N/A | N/A | N/A | N/A |
ROIC
-23.0%
ROE
-29.7%
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) |
|---|---|
| 2026-06-30 | -23.02% |
| 2026-03-31 | -23.90% |
| 2025-12-31 | -30.15% |
| 2025-09-30 | -21.50% |
| 2025-06-30 | -10.29% |
| 2025-03-31 | -6.12% |
| 2024-12-31 | -8.80% |
| 2024-09-30 | -5.02% |
| 2024-06-30 | -5.06% |
| 2024-03-31 | -10.28% |
| 2023-12-31 | -14.19% |
| 2023-09-30 | -16.78% |
| 2023-06-30 | -13.87% |
| 2023-03-31 | -4.81% |
| 2022-12-31 | 4.28% |
| 2022-09-30 | 6.42% |
| 2022-06-30 | 4.91% |
| 2022-03-31 | 4.83% |
| 2021-12-31 | 0.68% |
| 2021-09-30 | -0.81% |
| 2021-06-30 | -0.81% |
| 2021-03-31 | -5.35% |
| 2020-12-31 | 6.00% |
| 2020-09-30 | 7.25% |
| 2020-06-30 | 4.04% |
| 2020-03-31 | 4.34% |
| 2019-12-31 | -2.11% |
| 2019-09-30 | -8.36% |
| 2019-06-30 | -9.32% |
| 2019-03-31 | -7.43% |
| 2018-12-31 | 1.97% |
| 2018-09-30 | 8.04% |
| 2018-06-30 | 10.92% |
| 2018-03-31 | 12.34% |
| 2017-12-31 | 8.70% |
| 2017-09-30 | 8.21% |
| 2017-06-30 | 4.67% |
| 2017-03-31 | 4.62% |
| 2016-12-31 | 4.80% |
| 2016-09-30 | 5.41% |
| 2016-06-30 | 9.23% |
| 2016-03-31 | 10.63% |
| 2015-12-31 | 10.57% |
| 2015-09-30 | 10.53% |
| 2015-06-30 | 9.69% |
| 2015-03-31 | 9.28% |
| 2014-12-31 | 9.36% |
| 2014-09-30 | 6.69% |
| 2014-06-30 | 5.82% |
| 2014-03-31 | 5.01% |
| 2013-12-31 | 4.92% |
| 2013-09-30 | 4.32% |
| 2013-06-30 | 2.88% |
| 2013-03-31 | 2.91% |
| 2012-12-31 | 1.98% |
| 2012-09-30 | 2.22% |
| 2012-06-30 | 0.42% |
| 2012-03-31 | 1.01% |
| 2011-12-31 | 5.90% |
| 2011-09-30 | 9.05% |
| 2011-06-30 | 11.45% |
| 2011-03-31 | 11.76% |
| 2010-12-31 | 8.53% |
| 2010-09-30 | 7.71% |
| 2010-06-30 | 7.77% |
| 2010-03-31 | 2.45% |
| 2009-12-31 | -0.40% |
| 2009-09-30 | -1.31% |
| 2009-06-30 | 0.92% |
| 2009-03-31 | 6.40% |
| 2008-12-31 | -8.63% |
| 2008-09-30 | -14.69% |
| 2008-06-30 | -19.30% |
| 2008-03-31 | -20.32% |
| 2007-12-31 | -8.14% |
| 2007-09-30 | 0.29% |
| 2007-06-30 | 1.28% |
| 2007-03-31 | 1.60% |
| 2006-12-31 | 7.97% |
| 2006-09-30 | 7.14% |
| 2006-06-30 | 3.26% |
| 2006-03-31 | 2.17% |
| 2005-12-31 | -1.88% |
| 2005-09-30 | -4.84% |
| 2005-06-30 | -1.72% |
| 2005-03-31 | -1.72% |
| 2004-12-31 | 3.75% |
| 2004-09-30 | 5.37% |
| 2004-06-30 | 6.57% |
| 2004-03-31 | 5.18% |
| 2003-12-31 | 2.48% |
| 2003-09-30 | 2.73% |
| 2003-06-30 | 2.43% |
