Return on Capital (ROC)
Return on capital (ROC) is after tax rate of return on net business assets. ROIC is unaffected by changes in interest rates or company's debt and equity structure. It measures business productivity performance.
Return on Invested Capital (ROIC)
Adobe Systems Inc., ROIC calculation
Based on: 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19), 10-K (filing date: 2015-01-20), 10-K (filing date: 2014-01-21), 10-K (filing date: 2013-01-22).
1 NOPAT. See Details »
2 Invested capital. See Details »
3 ROIC = 100 × NOPAT ÷ Invested capital
= 100 × 2,241,408 ÷ 10,147,610 = 22.09%
|ROIC||A measure of the periodic, after tax, cash-on-cash yield earned in the business.||Adobe Systems Inc.'s ROIC improved from 2015 to 2016 and from 2016 to 2017.|