ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Netcad Yazilim AS's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2024 was 40.37%.
As of today (2026-06-25), Netcad Yazilim AS's WACC % is 10.58%. Netcad Yazilim AS's ROIC % is 40.37% (calculated using TTM income statement data).
Netcad Yazilim AS generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Netcad Yazilim AS (IST:NETCD) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Netcad Yazilim AS's WACC % is 10.58%. Netcad Yazilim AS's ROIC % is 40.37% (calculated using TTM income statement data).
Netcad Yazilim AS generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Netcad Yazilim AS ROIC % Related Terms
Netcad Yazilim AS ROIC % Historical Data
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The historical data trend for Netcad Yazilim AS's ROIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Netcad Yazilim AS ROIC % Chart
Netcad Yazilim AS Annual Data
Trend
Dec22
Dec23
Dec24
ROIC %
19.98
27.34
40.37
Netcad Yazilim AS Semi-Annual Data
Dec22
Dec23
Dec24
ROIC %
19.98
27.34
40.37
IST:NETCD vs CRM, SHOP, UBER: ROIC % Comparison
For the Software - Application subindustry, Netcad Yazilim AS's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Netcad Yazilim AS ROIC % vs Software Industry
For the Software industry and Technology sector, Netcad Yazilim AS's ROIC % distribution charts can be found below:
* The bar in red indicates where Netcad Yazilim AS's ROIC % falls into.
Note:
The Operating Income data used here is one times the annual (Dec. 2024) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Netcad Yazilim AS (IST:NETCD) has a ROIC % of 40.37% as of Dec. 2024. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Netcad Yazilim AS and its competitors.
Is Netcad Yazilim AS's ROIC % too high?
Netcad Yazilim AS's current ROIC % is 40.37%. The Software industry median ROIC % is 3.11. Netcad Yazilim AS's value of 40.37% is 1200.2% above this industry median. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's ROIC % compare to CRM and SHOP?
Netcad Yazilim AS's ROIC % of 40.37% can be compared against companies in the Software industry. The industry median ROIC % is 3.11. Netcad Yazilim AS's value of 40.37% is 1200.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Software company?
The median ROIC % among Software companies is 3.11, based on 2,828 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netcad Yazilim AS's current ROIC % of 40.37% is 1200.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Netcad Yazilim AS and its competitors. For the Software industry, the median ROIC % is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcad Yazilim AS's current ROIC % is 40.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current ROIC % of 40.37%. The current ROIC % is 40.37% and 1200.2% above the Software industry median of 3.11. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Netcad Yazilim AS (IST:NETCD), the current ROIC % is 40.37% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
30GF Score
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