Breaking ROIC down into these components provides insight into how businesses can improve ROIC.
NOPAT margins show the operating efficiency of businesses while invested capital turns show the capital efficiency of businesses.
Unlimited and Institutional members can also access this information directly on the Screeners and Ratings pages.
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This article originally published on September 16, 2019.
Disclosure: David Trainer, Sam McBride, and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.