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 -14.76% is 46% above its 5-year average of -27.46%, near the high end of its 5-year range (-51.17%–-5.85%).
As of the fiscal period ended Tuesday, March 31, 2026. 59.63% above its 12-month average of -36.56%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
-14.76%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-36.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-38.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-27.46%
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
+59.63%
CURRENT VS 3Y AVG
+61.97%
CURRENT VS 5Y AVG
+46.26%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
10.97%
median of 96 covered companies
CURRENT VS SECTOR MEDIAN
-234.46%
vs the sector median at left
NIO Inc.
Market Cap
$9.40B
Return on Invested Capital (ROIC)
-14.76%
TTM Avg
-36.56%
3Y Avg
-38.80%
5Y Avg
-27.46%
Market Cap
$9.56B
Return on Invested Capital (ROIC)
17.90%
TTM Avg
15.42%
3Y Avg
17.82%
5Y Avg
17.34%
Market Cap
$9.57B
Return on Invested Capital (ROIC)
8.60%
TTM Avg
8.77%
3Y Avg
5.86%
5Y Avg
1.69%
Market Cap
$9.64B
Return on Invested Capital (ROIC)
20.11%
TTM Avg
15.06%
3Y Avg
9.44%
5Y Avg
3.88%
Market Cap
$9.68B
Return on Invested Capital (ROIC)
3.53%
TTM Avg
6.64%
3Y Avg
7.08%
5Y Avg
7.04%
Market Cap
$8.60B
Return on Invested Capital (ROIC)
-1.21%
TTM Avg
-0.87%
3Y Avg
-0.82%
5Y Avg
-0.09%
Market Cap
$10.25B
Return on Invested Capital (ROIC)
2.70%
TTM Avg
3.15%
3Y Avg
3.12%
5Y Avg
2.59%
Market Cap
$8.48B
Return on Invested Capital (ROIC)
3.55%
TTM Avg
1.21%
3Y Avg
-4.03%
5Y Avg
-8.65%
Market Cap
$8.06B
Return on Invested Capital (ROIC)
12.80%
TTM Avg
9.09%
3Y Avg
5.92%
5Y Avg
3.73%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NIO Inc. (NIO) | $9.40B | -14.76% | -36.56% | -38.80% | -27.46% |
| Murphy USA Inc. (MUSA)vs › | $9.56B | 17.90% | 15.42% | 17.82% | 17.34% |
| Wynn Resorts, Limited (WYNN)vs › | $9.57B | 8.60% | 8.77% | 5.86% | 1.69% |
| Chewy, Inc. (CHWY)vs › | $9.64B | 20.11% | 15.06% | 9.44% | 3.88% |
| Aptiv PLC (APTV)vs › | $9.68B | 3.53% | 6.64% | 7.08% | 7.04% |
| CarMax, Inc. (KMX)vs › | $8.60B | -1.21% | -0.87% | -0.82% | -0.09% |
| MGM Resorts International (MGM)vs › | $10.25B | 2.70% | 3.15% | 3.12% | 2.59% |
| GameStop Corp. (GME)vs › | $8.48B | 3.55% | 1.21% | -4.03% | -8.65% |
| The Gap, Inc. (GAP)vs › | $8.06B | 12.80% | 9.09% | 5.92% | 3.73% |
| Mohawk Industries, Inc. (MHK)vs › | $7.91B | 4.46% | 4.39% | 1.85% | 3.49% |
ROIC
-14.8%
ROE
-200.8%
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) |
|---|---|
| 2026-03-31 | -14.76% |
| 2025-12-31 | -26.11% |
| 2025-09-30 | -40.64% |
| 2025-06-30 | -51.17% |
| 2025-03-31 | -50.11% |
| 2024-12-31 | -40.73% |
| 2024-09-30 | -38.87% |
| 2024-06-30 | -37.15% |
| 2024-03-31 | -36.65% |
| 2023-12-31 | -26.53% |
| 2023-09-30 | -41.20% |
| 2023-06-30 | -43.83% |
| 2023-03-31 | -32.64% |
| 2022-12-31 | -28.37% |
| 2022-09-30 | -18.90% |
| 2022-06-30 | -12.98% |
| 2022-03-31 | -10.10% |
| 2021-12-31 | -7.31% |
| 2021-09-30 | -6.02% |
| 2021-06-30 | -5.85% |
| 2021-03-31 | -6.77% |
| 2020-12-31 | -10.23% |
| 2020-09-30 | -25.37% |
| 2020-06-30 | -55.10% |
| 2020-03-31 | -135.04% |
| 2019-12-31 | -177.40% |
| 2019-09-30 | -125.34% |
| 2019-06-30 | -103.66% |
| 2019-03-31 | -66.48% |
| 2018-12-31 | -79.66% |
| 2018-09-30 | -63.38% |
| 2018-06-30 | -82.73% |
| 2018-03-31 | -69.56% |
| 2017-12-31 | -54.08% |
