Earnings Highlight: Average ROIC for Top 10 S&P 500 Companies by Annual Sales
Among the top 10 companies in the $S&P 500 Index (.SPX.US)$ by annual sales, $Walmart (WMT.US)$ is the top one in sales, while $Apple (AAPL.US)$ has the highest average ROIC over the past 40 reported quarters (10 years). $UnitedHealth (UNH.US)$ is far ahead in return as the company benefits from the Affordable Care Act that former President Obama signed in 2010.
Here are the 10 companies in the S&P 500 reporting the highest annual sales for their most recent full fiscal years, with a comparison of average ROIC over the past 40 reported quarters:
What is ROIC
Return on invested capital (ROIC) is the company's net operating profit after tax (NOPAT) divided by invested capital. It is a measure of how well a company allocates its capital to profit on its projects or investments. The higher ROIC could mean the company either has a relatively low level of long-term debt or invested capital is being used effectively.
Source: Market Watch
Disclaimer: The content should not be relied on as advice or recommendation.
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