Return on Invested Capital (ROIC) = Trailing 12 month EBIT / ((Current assets – Current liabilities) + Net Fixed Assets)
Remember
All ratios are calculated on a trailing 12 months (TTM) basis.
This means the last twelve months (not the company’s financial year) is compared to the same period in the past.
We do this to make sure that the screener data includes the latest, most up to date, financial results of the company.
How to use the ratio
Available as a screening ratio: Yes
Available as an output column ratio: Yes (Look under the Quality tab)
How to select the highest ROIC companies
To find companies with the highest ROIC set the slider from 0% to 10%.