Microsoft Excel LibreOffice Calc

Intel Corp. (NASDAQ:INTC)

Return on Capital (ROC)

Advanced level

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)

Intel Corp., ROIC calculation

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Selected Financial Data (US$ in millions)
Net operating profit after taxes (NOPAT)1 21,552  17,527  6,707  10,442  10,557 
Invested capital2 80,607  73,515  66,837  63,236  61,118 
Performance Ratio
ROIC3 26.74% 23.84% 10.03% 16.51% 17.27%

Based on: 10-K (filing date: 2020-01-24), 10-K (filing date: 2019-02-01), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-17), 10-K (filing date: 2016-02-12).

1 NOPAT. See details »

2 Invested capital. See details »

3 2019 Calculation
ROIC = 100 × NOPAT ÷ Invested capital
= 100 × 21,552 ÷ 80,607 = 26.74%

Performance ratio Description The company
ROIC A measure of the periodic, after tax, cash-on-cash yield earned in the business. Intel Corp.’s ROIC improved from 2017 to 2018 and from 2018 to 2019.