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 -13.90% is 131% below its 5-year average of -6.03%, around the middle of its 5-year range (-27.95%–8.64%).
As of the fiscal period ended Tuesday, June 30, 2026. 24.70% above its 12-month average of -18.45%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): -13.90%.
RETURN ON INVESTED CAPITAL (ROIC)
-13.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-18.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-13.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.03%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-2.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-3.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-6.32%
CURRENT VS TTM AVG
+24.70%
CURRENT VS 3Y AVG
-5.95%
CURRENT VS 5Y AVG
-130.58%
CURRENT VS 10Y AVG
-438.94%
CURRENT VS 15Y AVG
-348.43%
CURRENT VS 20Y AVG
-119.97%
SECTOR MEDIAN · BASIC MATERIALS
5.38%
median of 123 covered companies
CURRENT VS SECTOR MEDIAN
-358.28%
vs the sector median at left
Largo Inc.
Market Cap
$36.27M
Return on Invested Capital (ROIC)
-13.90%
TTM Avg
-18.45%
3Y Avg
-13.12%
5Y Avg
-6.03%
Market Cap
$39.19M
Return on Invested Capital (ROIC)
N/A
TTM Avg
-194.47%
3Y Avg
-181.07%
5Y Avg
-181.07%
Market Cap
$31.83M
Return on Invested Capital (ROIC)
-18.04%
TTM Avg
-19.37%
3Y Avg
-35.23%
5Y Avg
-25.64%
Market Cap
$50.36M
Return on Invested Capital (ROIC)
0.88%
TTM Avg
1.49%
3Y Avg
0.13%
5Y Avg
0.13%
Market Cap
$21.59M
Return on Invested Capital (ROIC)
-0.27%
TTM Avg
-0.04%
3Y Avg
3.20%
5Y Avg
4.29%
Market Cap
$20.33M
Return on Invested Capital (ROIC)
-245.16%
TTM Avg
-98.19%
3Y Avg
-104.67%
5Y Avg
-98.42%
Market Cap
$53.05M
Return on Invested Capital (ROIC)
-5.39%
TTM Avg
-13.61%
3Y Avg
-12.07%
5Y Avg
-11.23%
Market Cap
$18.48M
Return on Invested Capital (ROIC)
-29.13%
TTM Avg
-224.51%
3Y Avg
-120.11%
5Y Avg
-120.11%
Market Cap
$16.76M
Return on Invested Capital (ROIC)
-14.03%
TTM Avg
-4.80%
3Y Avg
-1.40%
5Y Avg
1.46%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Largo Inc. (LGO) | $36.27M | -13.90% | -18.45% | -13.12% | -6.03% |
| Odyssey Marine Exploration, Inc. (OMEX)vs › | $39.19M | N/A | -194.47% | -181.07% | -181.07% |
| Frontier Nuclear and Minerals Inc. (FNUC)vs › | $31.83M | -18.04% | -19.37% | -35.23% | -25.64% |
| Texxon Holding Limited Ordinary shares (NPT)vs › | $50.36M | 0.88% | 1.49% | 0.13% | 0.13% |
| Bioceres Crop Solutions Corp. (BIOX)vs › | $21.59M | -0.27% | -0.04% | 3.20% | 4.29% |
| Loop Industries, Inc. (LOOP)vs › | $20.33M | -245.16% | -98.19% | -104.67% | -98.42% |
| Electra Battery Materials Corporation (ELBM)vs › | $53.05M | -5.39% | -13.61% | -12.07% | -11.23% |
| Greenland Mines Ltd. (GRML)vs › | $18.48M | -29.13% | -224.51% | -120.11% | -120.11% |
| Mercer International Inc. (MERC)vs › | $16.76M | -14.03% | -4.80% | -1.40% | 1.46% |
| Antelope Enterprise Holdings Limited (AEHL)vs › | $11.53M | -35.65% | -35.26% | -55.25% | -55.52% |
ROIC
-13.9%
ROE
-62.0%
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 | -13.90% |
| 2026-03-31 | -13.07% |
| 2025-12-31 | -27.95% |
| 2025-09-30 | -15.59% |
| 2025-06-30 | -21.76% |
| 2025-03-31 | -25.28% |
| 2024-12-31 | -15.89% |
| 2024-09-30 | -15.83% |
| 2024-06-30 | -9.55% |
| 2024-03-31 | -5.77% |
| 2023-12-31 | -1.68% |
| 2023-09-30 | -1.59% |
| 2023-06-30 | -2.65% |
| 2023-03-31 | 1.54% |
| 2022-12-31 | 2.52% |
| 2022-09-30 | 5.42% |
| 2022-06-30 | 7.91% |
| 2022-03-31 | 5.00% |
| 2021-12-31 | 8.64% |
| 2021-09-30 | 7.50% |
| 2021-06-30 | 5.42% |
| 2021-03-31 | 3.96% |
| 2020-12-31 | 5.72% |
| 2020-09-30 | 4.43% |
| 2020-06-30 | 1.23% |
| 2020-03-31 | -1.32% |
| 2019-12-31 | -4.35% |
| 2019-09-30 | 19.33% |
| 2019-06-30 | 43.67% |
| 2019-03-31 | 77.36% |
| 2018-12-31 | 74.55% |
| 2018-09-30 | 57.91% |
| 2018-06-30 | 28.80% |
| 2018-03-31 | 26.42% |
| 2017-12-31 | 13.37% |
| 2017-09-30 | 7.45% |
| 2017-06-30 | -4.73% |
| 2017-03-31 | -10.36% |
| 2016-12-31 | -15.31% |
| 2016-09-30 | -24.10% |
| 2016-06-30 | -19.39% |
| 2016-03-31 | -17.51% |
| 2015-12-31 | -18.56% |
| 2015-09-30 | -6.55% |
| 2015-06-30 | -4.67% |
| 2015-03-31 | -4.53% |
| 2014-12-31 | -3.96% |
| 2014-09-30 | -2.98% |
| 2014-06-30 | -2.45% |
| 2014-03-31 | -2.17% |
| 2013-12-31 | -1.59% |
| 2013-09-30 | -1.80% |
| 2013-06-30 | -2.01% |
| 2013-03-31 | -1.56% |
| 2012-12-31 | -1.58% |
| 2012-09-30 | -0.86% |
| 2012-06-30 | -1.45% |
| 2012-03-31 | -2.44% |
| 2011-12-31 | -2.99% |
| 2011-09-30 | -4.06% |
| 2011-06-30 | -4.12% |
| 2011-03-31 | -4.25% |
| 2010-12-31 | -3.79% |
| 2010-09-30 | -3.67% |
| 2010-06-30 | -2.77% |
| 2010-03-31 | -2.67% |
| 2009-12-31 | -2.24% |
| 2009-09-30 | -2.34% |
| 2009-06-30 | -5.00% |
| 2009-03-31 | -22.30% |
| 2008-12-31 | -24.90% |
| 2008-09-30 | -24.80% |
| 2008-06-30 | -22.63% |
| 2008-03-31 | -32.66% |
| 2007-12-31 | -26.51% |
| 2007-09-30 | -19.25% |
| 2007-06-30 | -36.15% |
| 2007-03-31 | -59.44% |
| 2006-12-31 | -63.67% |
| 2006-09-30 | -83.23% |
| 2006-06-30 | -13.19% |
| 2006-03-31 | -8.21% |
| 2005-12-31 | -14.83% |
| 2005-09-30 | -13.60% |
| 2005-06-30 | -16.31% |
| 2005-03-31 | -22.18% |
| 2004-12-31 | -20.25% |
| 2004-09-30 | -27.66% |
| 2004-06-30 | -27.22% |
| 2004-03-31 | -11.76% |
| 2003-12-31 | -89.20% |
| 2003-09-30 | -32.75% |
| 2003-06-30 | -675.47% |
