How does AAPL's return on invested capital (ROIC) compare to its industry peers?
2/14/2024 04:47pm
Apple's ROIC Comparison with Industry Peers: 1. ROIC %: Apple's ROIC % has consistently outperformed its industry peers. As of the latest data available, Apple's ROIC % for the fiscal year ending in Sep 2022, was 33.69%. This is significantly higher than its industry average and indicates a strong ability to generate returns on invested capital.2. Competitive Comparison: In the Consumer Electronics subindustry, Apple's ROIC % is significantly higher than its competitors. For instance, as of the latest data available, Apple's ROIC % is more than double that of Microsoft's ROIC %. This demonstrates Apple's superior performance in generating returns on invested capital compared to its key competitors.3. Cash Return on Invested Capital (CROIC): Apple's CROIC during the quarter ending December 30th, 2023, was 1,571.69, which is higher than its industry peers in the Electronic industry. This further reinforces Apple's strong performance in generating cash returns on invested capital.In conclusion, Apple's ROIC % and CROIC consistently outperform its industry peers, indicating a superior ability to generate returns on invested capital.