Paying users zone. Data is covered by 
.
Get to Time Warner Inc. for $13.99, or
get to entire website for at least 3 months from $49.99.
This company is transferred to the archive: financial data is no longer updated!
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)
Time Warner Inc., ROIC calculation
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | ||||||
| Net operating profit after taxes (NOPAT)1 | |
|
|
|
|
|
| Invested capital2 | |
|
|
|
|
|
| Ratio | ||||||
| ROIC3 | |
|
|
|
|
|
Based on: 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25), 10-K (filing date: 2015-02-26), 10-K (filing date: 2014-02-26).
2017 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. | Time Warner Inc.’s ROIC improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
