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 -125.44% is 66% above its 5-year average of -367.93%, near the high end of its 5-year range (-2791.66%–-58.79%).
As of the fiscal period ended Tuesday, June 30, 2026. 39.11% below its 12-month average of -90.18%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q4 FY2026 (2026-06-30): -125.44%.
RETURN ON INVESTED CAPITAL (ROIC)
-125.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-90.18%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-952.82%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-367.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-66.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-84.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-94.29%
CURRENT VS TTM AVG
-39.11%
CURRENT VS 3Y AVG
+86.83%
CURRENT VS 5Y AVG
+65.91%
CURRENT VS 10Y AVG
-88.81%
CURRENT VS 15Y AVG
-48.22%
CURRENT VS 20Y AVG
-33.03%
SECTOR MEDIAN · HEALTHCARE
-35.66%
median of 837 covered companies
CURRENT VS SECTOR MEDIAN
-251.77%
vs the sector median at left
Palatin Technologies, Inc.
Market Cap
$16.74M
Return on Invested Capital (ROIC)
-125.44%
TTM Avg
-90.18%
3Y Avg
-952.82%
5Y Avg
-367.93%
Market Cap
$16.82M
Return on Invested Capital (ROIC)
-79.20%
TTM Avg
-52.44%
3Y Avg
-44.71%
5Y Avg
-48.21%
Market Cap
$16.84M
Return on Invested Capital (ROIC)
-88.07%
TTM Avg
-68.32%
3Y Avg
-78.67%
5Y Avg
-76.64%
Market Cap
$16.64M
Return on Invested Capital (ROIC)
-85.72%
TTM Avg
-120.02%
3Y Avg
-101.35%
5Y Avg
-83.66%
Market Cap
$16.52M
Return on Invested Capital (ROIC)
-279.48%
TTM Avg
-96.52%
3Y Avg
-105.30%
5Y Avg
-89.17%
Market Cap
$17.07M
Return on Invested Capital (ROIC)
-73.92%
TTM Avg
-122.57%
3Y Avg
-184.65%
5Y Avg
-161.38%
Market Cap
$17.31M
Return on Invested Capital (ROIC)
-57.74%
TTM Avg
-38.37%
3Y Avg
-49.64%
5Y Avg
-45.59%
Market Cap
$17.39M
Return on Invested Capital (ROIC)
-46.69%
TTM Avg
-40.71%
3Y Avg
-34.73%
5Y Avg
-24.39%
Market Cap
$15.78M
Return on Invested Capital (ROIC)
-273.70%
TTM Avg
-707.06%
3Y Avg
-535.27%
5Y Avg
-358.40%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palatin Technologies, Inc. (PTN) | $16.74M | -125.44% | -90.18% | -952.82% | -367.93% |
| TScan Therapeutics, Inc. (TCRX)vs › | $16.82M | -79.20% | -52.44% | -44.71% | -48.21% |
| Marker Therapeutics, Inc. (MRKR)vs › | $16.84M | -88.07% | -68.32% | -78.67% | -76.64% |
| Bionano Genomics, Inc. (BNGO)vs › | $16.64M | -85.72% | -120.02% | -101.35% | -83.66% |
| Dyadic International, Inc. (DYAI)vs › | $16.52M | -279.48% | -96.52% | -105.30% | -89.17% |
| PAVmed Inc. (PAVM)vs › | $17.07M | -73.92% | -122.57% | -184.65% | -161.38% |
| Lipocine Inc. (LPCN)vs › | $17.31M | -57.74% | -38.37% | -49.64% | -45.59% |
| Cosmos Health Inc. (COSM)vs › | $17.39M | -46.69% | -40.71% | -34.73% | -24.39% |
| BioCardia, Inc. (BCDA)vs › | $15.78M | -273.70% | -707.06% | -535.27% | -358.40% |
| Allarity Therapeutics, Inc. (ALLR)vs › | $15.68M | -41.81% | -159.62% | -298.97% | -203.41% |
ROIC
-125.4%
ROE
-125.3%
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 | -125.44% |
| 2026-03-31 | -60.99% |
| 2025-12-31 | -84.10% |
| 2024-06-30 | -2791.66% |
| 2024-03-31 | -1140.45% |
| 2023-12-31 | -1311.00% |
| 2023-06-30 | -1156.10% |
| 2023-03-31 | -252.53% |
| 2022-12-31 | -171.53% |
| 2022-09-30 | -323.62% |
| 2022-06-30 | -184.69% |
| 2022-03-31 | -116.80% |
| 2021-12-31 | -91.63% |
| 2021-09-30 | -73.39% |
| 2021-06-30 | -58.79% |
| 2021-03-31 | -38.22% |
| 2020-12-31 | -33.07% |
| 2019-12-31 | 39.31% |
| 2019-09-30 | 37.98% |
| 2019-06-30 | 35.43% |
| 2019-03-31 | -23.99% |
| 2018-12-31 | 2.51% |
| 2018-09-30 | 30.75% |
| 2018-06-30 | 75.55% |
| 2017-09-30 | 64.58% |
| 2017-06-30 | -109.01% |
| 2016-12-31 | -2041.81% |
| 2016-06-30 | -2024.88% |
| 2016-03-31 | -315.59% |
| 2015-12-31 | -164.31% |
| 2015-09-30 | -74.99% |
| 2015-06-30 | -78.15% |
| 2015-03-31 | -29.04% |
| 2014-12-31 | -10.52% |
| 2014-09-30 | -96.33% |
| 2014-06-30 | -161.28% |
| 2014-03-31 | -115.65% |
| 2013-12-31 | -110.26% |
| 2013-09-30 | -89.21% |
| 2013-06-30 | -67.72% |
| 2013-03-31 | -59.89% |
| 2012-12-31 | -58.87% |
| 2012-09-30 | -56.90% |
| 2012-06-30 | -976.63% |
| 2012-03-31 | -252.02% |
| 2011-12-31 | -111.60% |
| 2011-09-30 | -81.67% |
| 2011-06-30 | -74.34% |
| 2011-03-31 | -58.45% |
| 2010-12-31 | -287.82% |
| 2010-09-30 | -132.97% |
| 2010-06-30 | -30.16% |
| 2010-03-31 | 8.13% |
| 2009-12-31 | 25.77% |
| 2009-09-30 | -41.36% |
| 2009-06-30 | -161.21% |
| 2009-03-31 | -136.26% |
| 2008-12-31 | -190.98% |
| 2008-09-30 | -203.09% |
| 2008-06-30 | -115.59% |
| 2008-03-31 | -90.50% |
| 2007-12-31 | -79.01% |
| 2007-09-30 | -75.96% |
| 2007-06-30 | -89.14% |
| 2007-03-31 | -79.36% |
| 2006-12-31 | -257.03% |
| 2006-09-30 | -177.02% |
| 2006-06-30 | -109.97% |
| 2006-03-31 | -234.16% |
| 2005-12-31 | -129.47% |
| 2005-09-30 | -72.00% |
| 2005-06-30 | -69.64% |
| 2005-03-31 | -64.93% |
| 2004-12-31 | -74.44% |
| 2004-09-30 | -72.97% |
| 2004-06-30 | -137.57% |
| 2004-03-31 | -100.42% |
| 2003-12-31 | -185.86% |
| 2003-09-30 | -174.81% |
| 2003-06-30 | -111.18% |
