Apple (AAPL) Return on Invested Capital (ROIC)

Price: $227.25
Market Cap: $3.41T
Avg Volume: 50.37M
Country: US
Industry: Consumer Electronics
Sector: Technology
Beta: 1.24
52W Range: $164.08-260.1
Website: Apple

Return on Invested Capital (ROIC) Summary

Apple's ROIC measures how effectively the company uses its invested capital to generate profits:

  • Annual: 44.31%
  • Quarterly: 18.12%
  • TTM: 47.64%

What is ROIC?

Return on Invested Capital (ROIC) measures how effectively a company uses its capital from debt and equity to generate profits. ROIC is a useful metric for comparing the efficiency of capital allocation between different companies or across time periods within the same company. A higher ROIC indicates a more efficient use of capital.

Related Metrics

Other important metrics to assess Apple's profitability include:

  • ROE (Return on Equity) - measures the return generated on shareholders' equity:
    • Annual: 164.59%
    • Quarterly: 54.42%
    • TTM: 145.35%
  • ROA (Return on Assets) - measures the return generated on the company's assets:
    • Annual: 25.68%
    • Quarterly: 10.56%
    • TTM: 27.94%

These metrics provide insights into Apple's profitability and efficiency in using its capital and assets to generate returns. Comparing these ratios with industry benchmarks can offer a deeper understanding of the company's performance.

Annual ROIC

44.31%

Quarterly ROIC

18.12%

TTM ROIC

47.64%

Apple Historical ROIC

Historical ROE

Historical ROA

Apple Historical Profitability Metrics

The table below shows various profitability metrics for each year, with the latest data available for the last fiscal year 2024.

Year ROIC ROE ROA
2024 44.31% 164.59% 25.68%
2023 43.39% 156.08% 27.51%
2022 45.17% 196.96% 28.29%
2021 38.93% 150.07% 26.97%
2020 24.27% 87.87% 17.73%
2019 21.58% 61.06% 16.32%
2018 21.40% 55.56% 16.28%
2017 15.80% 36.07% 12.88%
2016 18.32% 35.62% 14.20%
2015 23.76% 44.74% 18.39%