What Is Return On Invested Capital?
Andrew Stolz
AUGUST 10, 2020
The ROIC is often benchmarked with other companies in the market. To find the ROIC, you divide NOPAT by Invested Capital. NOPAT ÷ Invested Capital. The NOPAT is the net operating profit after tax. NOPAT can be calculated through the following formula: EBIT x (1 – tax rate). What is the formula for ROIC?
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