ROIC Quality ratio = 5 year average Return on Invested Capital (ROIC) / Standard Deviation of the 5 year ROIC.
You can use it in the screener to find companies that has a stable ROIC.
The higher the value the better the ROIC quality of the company. The value will be higher if the standard deviation is low thus higher ROIC Quality
How to use the ratio
Available as a screening ratio: Yes
Available as an output column ratio: Yes (Look in the Quality tab)
How to select the best ROIC Quality
To find companies with the highest ROIC Quality set the slider from 0% to 10%.