ROIC 5yr Avg is the five year average Return on Invested Capital (ROIC).
It is calculated as (Five year average EBIT) / (Five year average ((Net working capital) + Net Fixed Assets))
How to use the ratio
Available as a screening ratio: No
Available as an output column ratio: Yes (Look in the Quality tab)
How to select the highest five year average ROIC companies
To find companies with the highest ROIC 5yr Avg select it as an output column and sort the column from high to low (Click twice on the column heading).