ROIC
After-tax operating income relative to the capital invested in the business.
Formula
Operating income (TTM) × (1 − 21% notional tax) ÷ (equity + long-term debt)
Served as: ttm · derived. Annual and quarterly observations are never mixed unlabeled.
Where the inputs come from
- OperatingIncomeLoss (TTM)
- StockholdersEquity + LongTermDebtNoncurrent (latest reported)
Listed highest priority first. Every served figure carries its filing, fiscal period and accession; open any value on the financials page to see them.
How to compare it honestly
Compare against the company's own history and same-industry peers computed the same way.
When it is not served
Not meaningful when invested capital is zero or negative; shown as missing.
Missing data is missing evidence: it is never shown as zero and never treated as a conclusion.
What it cannot tell you
Uses a notional tax rate, not the filed effective rate, and a book measure of invested capital.
Questions worth asking next
- Is invested capital growing faster than after-tax operating income?
- How does the notional-tax assumption compare with the filed effective tax rate?
Research prompts, not recommendations.
See it computed from filings
Related in returns: ROE · ROA · ROCE · ROE (DuPont) · Asset turnover · Equity multiplier · Tax burden · Interest burden
Definitions are descriptive and educational. Nothing here is a guaranteed signal or personalized investment advice. How the platform computes and cites every figure.