Return on Invested Capital (ROIC) Calculator

Assumptions

Currency USD
Income Tax Rate 25.0%
Target ROIC 15.0%

Balance Sheet Unit Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Cash & Cash Equivalents USD 105,000 37,533 41,307 73,382 115,415 173,374 250,833 296,972 413,548 554,384 738,209
Account Receivable USD 100,000 120,000 144,000 172,800 207,360 248,832 298,598 358,318 429,982 515,978
Inventory USD 15,000 19,500 25,350 32,955 42,842 55,694 72,402 94,123 122,360 159,067 206,788
Other Current Assets USD 10,000 11,000 12,100 13,310 14,641 16,105 17,716 19,487 21,436 23,579 25,937
Fixed Assets USD 100,000 80,000 76,000 52,000 28,000 68,000 48,000 72,000 46,000 20,000 10,000
Total Assets USD 230,000 248,033 274,757 315,647 373,697 520,534 637,782 781,180 961,662 1,187,013 1,496,912

Payables USD 42,000 44,100 46,305 48,620 51,051 53,604 56,284 59,098 62,053 65,156 68,414
Other Current Assets USD 18,000 18,900 19,845 20,837 21,879 22,973 24,122 25,328 26,594 27,924 29,320
Short-term Debt USD 24,000 19,657 15,096 10,307 5,279 16,000 13,104 10,064 6,872 3,520 3,520
Long-term Debt USD 96,000 78,626 60,384 41,230 21,118 64,000 52,418 40,256 27,487 14,078 14,078
Equity USD 50,000 86,750 133,127 194,652 274,370 363,957 491,855 646,434 838,656 1,076,335 1,381,581
Total Liabilities and Shareholders' Equity USD 230,000 248,033 274,757 315,647 373,697 520,534 637,782 781,180 961,662 1,187,013 1,496,912
Check 0 0 0 0 0 0 0 0 0 0 0

NOPLAT Calculation Unit Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
EBIT USD 55,000 66,750 85,808 108,867 120,769 174,531 209,382 258,812 318,623 406,994
Adjusted Tax USD -13,750 -16,688 -21,452 -27,217 -30,192 -43,633 -52,346 -64,703 -79,656 -101,748
NOPLAT USD 41,250 50,063 64,356 81,650 90,577 130,898 157,037 194,109 238,967 305,245

Computation of Invested Capital Unit Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Equity USD 50,000 86,750 133,127 194,652 274,370 363,957 491,855 646,434 838,656 1,076,335 1,381,581
Financial Debt USD 120,000 98,283 75,480 51,537 26,397 80,000 65,522 50,320 34,358 17,598 17,598
Cash and Cash Equivalents USD -105,000 -37,533 -41,307 -73,382 -115,415 -173,374 -250,833 -296,972 -413,548 -554,384 -738,209
Invested Capital USD 65,000 147,500 167,300 172,808 185,352 270,582 306,544 399,782 459,466 539,549 660,970

ROIC Analysis Unit Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
NOPLAT USD 41,250 50,063 64,356 81,650 90,577 130,898 157,037 194,109 238,967 305,245
Average Invested Capital USD 106,250 157,400 170,054 179,080 227,967 288,563 353,163 429,624 499,508 600,259
ROIC % 38.8% 31.8% 37.8% 45.6% 39.7% 45.4% 44.5% 45.2% 47.8% 50.9%

Terms & Abbreviations Color Codes

USD United States Dollar Blue Assumption
EBITDA Earnings before Interest, Depreciation, Amortization and Taxes Light Blue Assumption linked to a Blue Assumption; can be overwritten if needed
EBIT Earnings before Interest and Taxes Black Calculation or Output
CAPEX Capital Expenditures
NOPLAT Net Operating Profit Less Adjusted Tax
ROIC Return on Invested Capital

Powered by
www.eFinancialModels.com
Return on Invested Capital (ROIC) Calculator

Assumptions

Currency
Income Tax Rate
Target ROIC

Balance Sheet Unit Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Cash & Cash Equivalents
Account Receivable
Inventory
Other Current Assets
Fixed Assets
Total Assets 0 0 0 0 0 0 0 0 0 0 0

Payables
Other Current Assets
Short-term Debt
Long-term Debt
Equity
Total Liabilities and Shareholders' Equity 0 0 0 0 0 0 0 0 0 0 0
Check 0 0 0 0 0 0 0 0 0 0 0

NOPLAT Calculation Unit Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
EBIT
Adjusted Tax 0 0 0 0 0 0 0 0 0 0
NOPLAT 0 0 0 0 0 0 0 0 0 0

Computation of Invested Capital Unit Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Equity 0 0 0 0 0 0 0 0 0 0 0
Financial Debt 0 0 0 0 0 0 0 0 0 0 0
Cash and Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Invested Capital 0 0 0 0 0 0 0 0 0 0 0

ROIC Analysis Unit Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
NOPLAT 0 0 0 0 0 0 0 0 0 0
Average Invested Capital 0 0 0 0 0 0 0 0 0 0
ROIC %

Terms & Abbreviations Color Codes

USD United States Dollar Blue Assumption
EBITDA Earnings before Interest, Depreciation, Amortization and Taxes Light Blue Assumption linked to a Blue Assumption; can be overwritten if needed
EBIT Earnings before Interest and Taxes Black Calculation or Output
CAPEX Capital Expenditures
NOPLAT Net Operating Profit Less Adjusted Tax
ROIC Return on Invested Capital

Powered by
www.eFinancialModels.com