📈 ROIC Calculator
Measure returns relative to invested capital
How to Use This Calculator
1
Enter NOPAT
Use after-tax operating profit.
2
Enter invested capital
Use average invested capital across the period if possible.
3
Calculate ROIC
Compare to WACC to assess value creation.
Formula
ROIC = NOPAT ÷ Invested Capital × 100
Frequently Asked Questions
Use beginning or average capital?
Average capital is preferred to match period flows.
How is NOPAT derived?
NOPAT ≈ Operating Income × (1 − tax rate), adjusted for unusuals.