The ROIC 5-Year Average reflects the average return on invested capital (ROIC) a company has achieved over the past five years. This metric shows how well the company uses its capital to generate profits, factoring in equity and debt. A higher ROIC average indicates efficient use of capital, which is attractive to investors. Conversely, a lower average suggests that the company may not effectively deploy its resources. Tracking ROIC over time helps investors gauge long-term financial performance and management effectiveness.
