Paying users zone. Data is covered by 
.
Get 1 month access to Lockheed Martin Corp. for $17.99, or
get full access to entire website for at least 3 months from $49.99.
We accept:
Lockheed Martin Corp. (LMT)
Return on Capital (ROC)
Difficulty: Advanced
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)
Lockheed Martin Corp., ROIC calculation
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | ||||||
| Net operating profit after taxes (NOPAT)1 | |
|
|
|
|
|
| Invested capital2 | |
|
|
|
|
|
| Ratio | ||||||
| ROIC3 | |
|
|
|
|
|
Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-09).
2018 Calculations
1 NOPAT. See Details »
2 Invested capital. See Details »
3 ROIC = 100 × NOPAT ÷ Invested capital
= 100 × ÷ =
| Ratio | Description | The company |
|---|---|---|
| ROIC | A measure of the periodic, after tax, cash-on-cash yield earned in the business. | Lockheed Martin Corp.’s ROIC improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level. |