Automatic Data Processing Inc. (ADP)
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)
Automatic Data Processing Inc., ROIC calculation
|Jun 30, 2018||Jun 30, 2017||Jun 30, 2016||Jun 30, 2015||Jun 30, 2014||Jun 30, 2013|
|Selected Financial Data (USD $ in thousands)|
|Net operating profit after taxes (NOPAT)1|
Based on: 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08), 10-K (filing date: 2013-08-19).
1 NOPAT. See Details »
2 Invested capital. See Details »
3 ROIC = 100 × NOPAT ÷ Invested capital
= 100 × ÷ =
|ROIC||A measure of the periodic, after tax, cash-on-cash yield earned in the business.||Automatic Data Processing Inc.’s ROIC improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018.|