apple roioc

The following table displays Apple's (AAPL) annual Return on Invested Capital (ROIC), calculated as NOPAT divided by invested capital (Total Debt + Equity - Cash).

Apple Annual ROIC

Date NOPAT ($B) Invested Capital ($B) ROIC (%)
2019-09-30 53.7 149.7 35.9%
2020-09-30 56.7 139.8 40.6%
2021-09-30 94.5 152.9 61.8%
2022-09-30 100.1 147.1 68.0%
2023-09-30 97.5 143.3 68.0%
2024-09-30 93.5 135.3 69.1%
2025-09-30 112.3 138.6 81.0%
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