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 22.00% is in line with its 5-year average of 22.47%, near the low end of its 5-year range (20.05%–26.58%).
As of the fiscal period ended Sunday, May 31, 2026. 7.60% below its 12-month average of 23.81%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q1 FY2027 (2026-05-31): 22.00%.
RETURN ON INVESTED CAPITAL (ROIC)
22.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
23.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.09%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.47%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
-7.60%
CURRENT VS 3Y AVG
-4.73%
CURRENT VS 5Y AVG
-2.09%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
2.30%
median of 522 covered companies
CURRENT VS SECTOR MEDIAN
+854.29%
vs the sector median at left
Karooooo Ltd.
Market Cap
$1.91B
Return on Invested Capital (ROIC)
22.00%
TTM Avg
23.81%
3Y Avg
23.09%
5Y Avg
22.47%
Market Cap
$1.94B
Return on Invested Capital (ROIC)
0.00%
TTM Avg
-1.92%
3Y Avg
-2.61%
5Y Avg
-2.06%
Market Cap
$1.98B
Return on Invested Capital (ROIC)
15.80%
TTM Avg
12.04%
3Y Avg
5.98%
5Y Avg
4.49%
Market Cap
$1.99B
Return on Invested Capital (ROIC)
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.83B
Return on Invested Capital (ROIC)
9.47%
TTM Avg
10.78%
3Y Avg
12.39%
5Y Avg
9.99%
Market Cap
$1.98B
Return on Invested Capital (ROIC)
-71.18%
TTM Avg
-36.57%
3Y Avg
-34.04%
5Y Avg
-26.68%
Market Cap
$1.81B
Return on Invested Capital (ROIC)
-4.70%
TTM Avg
-10.29%
3Y Avg
-23.95%
5Y Avg
-53.13%
Market Cap
$1.79B
Return on Invested Capital (ROIC)
-20.04%
TTM Avg
-34.81%
3Y Avg
-42.09%
5Y Avg
-45.57%
Market Cap
$1.78B
Return on Invested Capital (ROIC)
3.18%
TTM Avg
3.19%
3Y Avg
-6.58%
5Y Avg
-7.63%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Karooooo Ltd. (KARO) | $1.91B | 22.00% | 23.81% | 23.09% | 22.47% |
| Bandwidth Inc. (BAND)vs › | $1.94B | 0.00% | -1.92% | -2.61% | -2.06% |
| Blackbaud, Inc. (BLKB)vs › | $1.98B | 15.80% | 12.04% | 5.98% | 4.49% |
| BitVentures Limited (BVC)vs › | $1.99B | N/A | N/A | N/A | N/A |
| Photronics, Inc. (PLAB)vs › | $1.83B | 9.47% | 10.78% | 12.39% | 9.99% |
| Amplitude, Inc. (AMPL)vs › | $1.98B | -71.18% | -36.57% | -34.04% | -26.68% |
| Quantum Computing, Inc. (QUBT)vs › | $1.81B | -4.70% | -10.29% | -23.95% | -53.13% |
| NextNav Inc. (NN)vs › | $1.79B | -20.04% | -34.81% | -42.09% | -45.57% |
| Nayax Ltd. (NYAX)vs › | $1.78B | 3.18% | 3.19% | -6.58% | -7.63% |
| GigaCloud Technology Inc. (GCT)vs › | $2.06B | 15.71% | 14.43% | 12.86% | 19.27% |
ROIC
22.0%
ROE
27.7%
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) |
|---|---|
| 2026-05-31 | 22.00% |
| 2026-02-28 | 20.58% |
| 2025-11-30 | 25.68% |
| 2025-08-31 | 26.58% |
| 2025-05-31 | 24.19% |
| 2025-02-28 | 23.82% |
| 2024-11-30 | 23.62% |
| 2024-08-31 | 23.72% |
| 2024-05-31 | 22.05% |
| 2024-02-28 | 21.61% |
| 2023-11-30 | 21.25% |
| 2023-08-31 | 21.51% |
| 2023-05-31 | 23.56% |
| 2023-02-28 | 21.58% |
| 2022-11-30 | 20.43% |
| 2022-08-31 | 22.71% |
| 2022-05-31 | 20.05% |
| 2022-02-28 | 20.12% |
| 2021-11-30 | 21.76% |
| 2021-08-31 | 21.93% |
| 2021-05-31 | 23.07% |
| 2021-02-28 | 20.21% |
| 2020-11-30 | 32.20% |
| 2020-08-31 | 32.64% |
