Return on capital > Return on invested capital (ROIC) > Trailing 12-months
Use this calculator to estimate the current, or past, return on invested capital for a firm's operating assets.
This version of ROIC only looks at the capital invested in operating assets.
It will include capitalised intangibles, but take out cash, other investments, and goodwill.

Enter inputs below and click the Calculate button.
Make sure your units are consistent (millions, billions, etc.)

Inputs Trailing 12-months
Equity, total, book value
Debt, total, book value
Cash and cash equivalents
Investments, non-operating
Intangible assets capitalised
Intangible net CapEx
EBIT, excluding non-underlying items
Marginal tax rate, %

Outputs Value
Invested capital, operating assets
Net operating profit after tax (NOPAT)
Return on invested capital (ROIC), %