Invested Capital & ROIC Bridge
An invested-capital builder (financing and operating views) with ROIC vs WACC.
It measures IC, NOPAT-based ROIC, spread to WACC, and simple EVA.
Use it to see whether returns clear the cost of capital before you fund the next project.
Signal Lab · Model
Invested Capital & ROIC Bridge
Toggle financing IC (invested capital) — Debt + Equity − excess cash — vs operating IC — NWC + PP&E + intangibles/goodwill. NOPAT (net operating profit after tax) from EBIT × (1 − tax). Compare ROIC to WACC (weighted average cost of capital) and simple EVA (economic value added).
Illustrative AU sample until you enter actuals. Not financial advice.
IC builds, earnings, and WACC
Both builds side-by-side. Persist locally · Jump to ROIC
NOPAT, IC, ROIC, spread, EVA (economic value added)
Traffic: ROIC vs WACC — create / destroy economic value.
Equations
- NOPAT = EBIT × (1 − tax rate)
- Financing IC = Debt + Equity − Excess cash
- Operating IC = NWC + PP&E + Intangibles + (Goodwill if included)
- ROIC = NOPAT ÷ IC · Spread = ROIC − WACC
- EVA (economic value added) = NOPAT − IC × WACC
How this is calculated
- Invested capital can be built from the financing side or the operating side — they need not match on illustrative samples.
- Excluding goodwill shows a pre-goodwill operating ROIC (common in diligence packs).
- WACC and EVA here are illustrative desk maths — not a valuation opinion.
Illustrative — not financial advice.
What-if shocks
NOPAT % and IC % shocks on the primary view.
Sensitivity
Take it with you
Download a prompt, export the Excel workbook, or email yourself.
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