Walmart Inc. (WMT)
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)
Walmart Inc., ROIC calculation
|Jan 31, 2020||Jan 31, 2019||Jan 31, 2018||Jan 31, 2017||Jan 31, 2016||Jan 31, 2015|
|Selected Financial Data (US$ in millions)|
|Net operating profit after taxes (NOPAT)1|
Based on: 10-K (filing date: 2020-03-20), 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30), 10-K (filing date: 2015-04-01).
1 NOPAT. See details »
2 Invested capital. See details »
3 2020 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.||Walmart Inc.’s ROIC deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.|