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 44.23% is 538% above its 5-year average of 6.93%, near the high end of its 5-year range (-11.39%–44.23%).
As of the fiscal period ended Thursday, May 28, 2026. 101.91% above its 12-month average of 21.91%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
44.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
21.91%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
3.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
6.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.77%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.72%
CURRENT VS TTM AVG
+101.91%
CURRENT VS 3Y AVG
+1086.68%
CURRENT VS 5Y AVG
+537.81%
CURRENT VS 10Y AVG
+345.09%
CURRENT VS 15Y AVG
+404.42%
CURRENT VS 20Y AVG
+672.59%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+441.37%
vs the sector median at left
Micron Technology, Inc.
Market Cap
$1.13T
Return on Invested Capital (ROIC)
44.23%
TTM Avg
21.91%
3Y Avg
3.73%
5Y Avg
6.93%
Market Cap
$1.32T
Return on Invested Capital (ROIC)
30.10%
TTM Avg
23.39%
3Y Avg
10.57%
5Y Avg
9.78%
Market Cap
$824.66B
Return on Invested Capital (ROIC)
7.58%
TTM Avg
3.95%
3Y Avg
2.65%
5Y Avg
9.51%
Market Cap
$680.20B
Return on Invested Capital (ROIC)
37.49%
TTM Avg
30.16%
3Y Avg
30.41%
5Y Avg
28.27%
Market Cap
$526.95B
Return on Invested Capital (ROIC)
0.05%
TTM Avg
-3.55%
3Y Avg
-1.38%
5Y Avg
1.34%
Market Cap
$1.75T
Return on Invested Capital (ROIC)
23.99%
TTM Avg
10.97%
3Y Avg
14.83%
5Y Avg
15.29%
Market Cap
$468.13B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
Market Cap
$430.29B
Return on Invested Capital (ROIC)
12.96%
TTM Avg
12.31%
3Y Avg
13.13%
5Y Avg
13.79%
Market Cap
$400.71B
Return on Invested Capital (ROIC)
40.77%
TTM Avg
37.48%
3Y Avg
33.35%
5Y Avg
33.83%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Micron Technology, Inc. (MU) | $1.13T | 44.23% | 21.91% | 3.73% | 6.93% |
| SK hynix Inc. (SKHY)vs › | $1.32T | 30.10% | 23.39% | 10.57% | 9.78% |
| Advanced Micro Devices, Inc. (AMD)vs › | $824.66B | 7.58% | 3.95% | 2.65% | 9.51% |
| ASML Holding N.V. (ASML)vs › | $680.20B | 37.49% | 30.16% | 30.41% | 28.27% |
| Intel Corp. (INTC)vs › | $526.95B | 0.05% | -3.55% | -1.38% | 1.34% |
| Broadcom Inc. (AVGO)vs › | $1.75T | 23.99% | 10.97% | 14.83% | 15.29% |
| Oracle Corporation (ORCL)vs › | $468.13B | 7.99% | 9.43% | 10.21% | 10.72% |
| Cisco Systems, Inc. (CSCO)vs › | $430.29B | 12.96% | 12.31% | 13.13% | 13.79% |
| Lam Research Corporation (LRCX)vs › | $400.71B | 40.77% | 37.48% | 33.35% | 33.83% |
| Palantir Technologies Inc. (PLTR)vs › | $391.02B | 25.60% | 11.80% | 5.23% | -8.54% |
ROIC
44.2%
ROE
50.1%
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) |
|---|---|
| 2026-05-28 | 44.23% |
| 2026-02-26 | 27.68% |
| 2025-11-27 | 16.27% |
| 2025-08-28 | 12.12% |
| 2025-05-29 | 9.23% |
| 2025-02-27 | 7.17% |
| 2024-11-28 | 6.29% |
| 2024-08-29 | 1.37% |
| 2024-05-30 | -2.84% |
| 2024-02-29 | -7.00% |
| 2023-11-30 | -11.39% |
| 2023-08-31 | -9.64% |
| 2023-06-01 | -4.54% |
| 2023-03-02 | 2.53% |
| 2022-12-01 | 10.07% |
| 2022-09-01 | 14.98% |
| 2022-06-02 | 17.21% |
| 2022-03-03 | 16.07% |
| 2021-12-02 | 13.62% |
| 2021-09-02 | 11.23% |
| 2021-06-03 | 8.26% |
| 2021-03-04 | 6.68% |
| 2020-12-03 | 6.37% |
| 2020-09-03 | 5.76% |
| 2020-05-28 | 4.96% |
| 2020-02-27 | 5.93% |
| 2019-11-28 | 8.81% |
| 2019-08-29 | 15.26% |
| 2019-05-30 | 24.72% |
| 2019-02-28 | 31.44% |
| 2018-11-29 | 38.24% |
| 2018-08-30 | 38.82% |
| 2018-05-31 | 35.10% |
| 2018-03-01 | 29.78% |
| 2017-11-30 | 25.69% |
| 2017-08-31 | 18.57% |
| 2017-06-01 | 10.83% |
| 2017-03-02 | 4.27% |
| 2016-12-01 | 1.28% |
| 2016-09-01 | 0.73% |
| 2016-06-02 | 2.74% |
| 2016-03-03 | 5.87% |
| 2015-12-03 | 9.78% |
| 2015-09-03 | 13.54% |
| 2015-06-04 | 15.29% |
| 2015-03-05 | 17.10% |
| 2014-12-04 | 18.47% |
| 2014-08-28 | 16.84% |
| 2014-05-29 | 15.78% |
| 2014-02-27 | 12.14% |
| 2013-11-28 | 7.71% |
| 2013-08-29 | 2.67% |
| 2013-05-30 | -0.27% |
| 2013-02-28 | -3.52% |
| 2012-11-29 | -4.94% |
| 2012-08-30 | -4.56% |
| 2012-05-31 | -3.81% |
| 2012-03-01 | -0.36% |
| 2011-12-01 | 1.26% |
| 2011-09-01 | 3.84% |
| 2011-06-02 | 8.09% |
| 2011-03-03 | 12.13% |
| 2010-12-02 | 14.16% |
| 2010-09-02 | 12.51% |
| 2010-06-03 | 8.91% |
| 2010-03-04 | 3.00% |
| 2009-12-03 | -7.94% |
| 2009-09-03 | -16.77% |
| 2009-06-04 | -19.23% |
| 2009-03-05 | -18.97% |
| 2008-12-04 | -17.63% |
| 2008-10-08 | -13.17% |
| 2008-06-26 | -11.72% |
| 2008-02-28 | -11.28% |
| 2007-11-29 | -5.03% |
| 2007-10-12 | -2.12% |
| 2007-05-31 | -0.31% |
| 2007-03-01 | 1.38% |
| 2006-11-30 | 3.34% |
| 2006-08-31 | 3.13% |
| 2006-06-01 | 3.59% |
| 2006-03-02 | 1.99% |
| 2005-12-01 | 1.46% |
| 2005-09-01 | 2.87% |
| 2005-06-02 | 3.53% |
| 2005-03-03 | 6.53% |
| 2004-12-02 | 4.64% |
| 2004-09-02 | 2.47% |
| 2004-06-03 | 0.28% |
| 2004-03-04 | -4.11% |
| 2003-12-04 | -13.08% |
| 2003-08-28 | -18.97% |
| 2003-05-29 | -24.42% |
