Estée Lauder Cos. Inc. (EL)
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)
Estée Lauder Cos. Inc., ROIC calculation
|Jun 30, 2019||Jun 30, 2018||Jun 30, 2017||Jun 30, 2016||Jun 30, 2015||Jun 30, 2014|
|Selected Financial Data (US$ in millions)|
|Net operating profit after taxes (NOPAT)1|
Based on: 10-K (filing date: 2019-08-23), 10-K (filing date: 2018-08-24), 10-K (filing date: 2017-08-25), 10-K (filing date: 2016-08-24), 10-K (filing date: 2015-08-20), 10-K (filing date: 2014-08-20).
1 NOPAT. See details »
2 Invested capital. See details »
3 2019 Calculation
ROIC = 100 × NOPAT ÷ Invested capital
= 100 × ÷ =
|Performance ratio||Description||The company|
|ROIC||A measure of the periodic, after tax, cash-on-cash yield earned in the business.||Estée Lauder Cos. Inc.’s ROIC deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.|