{"id":635,"date":"2025-06-30T12:10:54","date_gmt":"2025-06-30T03:10:54","guid":{"rendered":"https:\/\/www.andco.group\/blog\/?p=635"},"modified":"2025-06-30T12:10:55","modified_gmt":"2025-06-30T03:10:55","slug":"return-on-invested-capital","status":"publish","type":"post","link":"https:\/\/www.andco.group\/blog\/return-on-invested-capital\/","title":{"rendered":"ROIC \u8a08\u7b97\u5f0f\u3092\u521d\u5fc3\u8005\u5411\u3051\u306b\u5b8c\u5168\u89e3\u8aac\uff01\u30d3\u30b8\u30cd\u30b9\u3067\u6d3b\u7528\u3059\u308b\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u306e\u57fa\u672c"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">\u30e1\u30bf\u30c7\u30a3\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3<\/h2>\n\n\n\n<p>ROIC \u8a08\u7b97\u5f0f\u306e\u57fa\u672c\u304b\u3089\u5b9f\u8df5\u307e\u3067\u521d\u5fc3\u8005\u5411\u3051\u306b\u5fb9\u5e95\u89e3\u8aac\u3002\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u306e\u8a08\u7b97\u65b9\u6cd5\u3001ROE\u30fbROA\u3068\u306e\u9055\u3044\u3001\u696d\u754c\u5225\u76ee\u5b89\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u7d39\u4ecb\u3002\u30d3\u30b8\u30cd\u30b9\u7d4c\u55b6\u306b\u5fc5\u9808\u306e\u8ca1\u52d9\u6307\u6a19\u3092\u4eca\u3059\u3050\u30de\u30b9\u30bf\u30fc\uff01<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>\u4f01\u696d\u306e\u771f\u306e\u300c\u7a3c\u3050\u529b\u300d\u3092\u6e2c\u308b\u6307\u6a19\u3068\u3057\u3066\u3001\u591a\u304f\u306e\u7d4c\u55b6\u8005\u3084\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3059\u308bROIC\uff08\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u300cROIC \u8a08\u7b97\u5f0f\u304c\u8907\u96d1\u3067\u7406\u89e3\u3067\u304d\u306a\u3044\u300d\u300c\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u3068\u306e\u9055\u3044\u304c\u5206\u304b\u3089\u306a\u3044\u300d\u3068\u3044\u3063\u305f\u60a9\u307f\u3092\u62b1\u3048\u3066\u3044\u308b\u65b9\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001ROIC \u8a08\u7b97\u5f0f\u306e\u57fa\u672c\u304b\u3089\u5b9f\u969b\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u306e\u6d3b\u7528\u65b9\u6cd5\u307e\u3067\u3001\u521d\u5fc3\u8005\u3067\u3082\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u8a18\u4e8b\u3092\u8aad\u3080\u3053\u3068\u3067\u3001ROIC\u306e\u6b63\u3057\u3044\u8a08\u7b97\u65b9\u6cd5\u3092\u7406\u89e3\u3057\u3001\u81ea\u793e\u306e\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u57fa\u672c\u3068\u306f\uff1f\u521d\u5fc3\u8005\u304c\u77e5\u308b\u3079\u304d\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u306e\u6982\u8981<\/h2>\n\n\n\n<p>ROIC\uff08Return on Invested Capital\uff09\u3068\u306f\u3001\u4f01\u696d\u304c\u6295\u4e0b\u3057\u305f\u8cc7\u672c\u306b\u5bfe\u3057\u3066\u3069\u308c\u3060\u3051\u52b9\u7387\u7684\u306b\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u91cd\u8981\u306a\u8ca1\u52d9\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u300c\u30ed\u30a4\u30c3\u30af\u300d\u3068\u8aad\u307f\u3001\u65e5\u672c\u8a9e\u3067\u306f\u300c\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u300d\u3068\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u304c\u793a\u3059\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b<\/h3>\n\n\n\n<p>ROIC\u306f\u4f01\u696d\u306e\u672c\u8cea\u7684\u306a\u300c\u7a3c\u3050\u529b\u300d\u3092\u6e2c\u5b9a\u3059\u308b\u6307\u6a19\u3068\u3057\u3066\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5f93\u6765\u306eROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3084ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09\u3068\u7570\u306a\u308a\u3001ROIC\u306f\u8ca1\u52d9\u64cd\u4f5c\u306b\u3088\u308b\u6570\u5024\u306e\u6b6a\u307f\u3092\u6392\u9664\u3057\u3001\u3088\u308a\u6b63\u78ba\u306a\u53ce\u76ca\u6027\u3092\u628a\u63e1\u3067\u304d\u308b\u70b9\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4f01\u696d\u304c\u682a\u4e3b\u304b\u3089\u8abf\u9054\u3057\u305f\u8cc7\u91d1\u3068\u91d1\u878d\u6a5f\u95a2\u304b\u3089\u306e\u501f\u5165\u8cc7\u91d1\u3092\u5408\u308f\u305b\u305f\u300c\u6295\u4e0b\u8cc7\u672c\u300d\u306b\u5bfe\u3057\u3066\u3001\u672c\u696d\u3067\u5f97\u305f\u5229\u76ca\u304c\u3069\u306e\u7a0b\u5ea6\u304b\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u7406\u89e3\u3059\u308b\u91cd\u8981\u6027<\/h3>\n\n\n\n<p>\u73fe\u4ee3\u306e\u4f01\u696d\u7d4c\u55b6\u306b\u304a\u3044\u3066\u3001ROIC\u8a08\u7b97\u5f0f\u306e\u7406\u89e3\u306f\u4ee5\u4e0b\u306e\u7406\u7531\u304b\u3089\u91cd\u8981\u8996\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u8a55\u4fa1\u5411\u4e0a<\/strong><br>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3084\u500b\u4eba\u6295\u8cc7\u5bb6\u306f\u3001\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u5224\u65ad\u3059\u308b\u969b\u306bROIC\u3092\u91cd\u8996\u3059\u308b\u50be\u5411\u304c\u5f37\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u7d4c\u55b6\u8cc7\u6e90\u306e\u6700\u9069\u914d\u5206<\/strong><br>\u9650\u3089\u308c\u305f\u8cc7\u91d1\u3092\u3069\u306e\u4e8b\u696d\u306b\u6295\u5165\u3059\u3079\u304d\u304b\u3092\u5224\u65ad\u3059\u308b\u969b\u3001ROIC\u306f\u5ba2\u89b3\u7684\u306a\u57fa\u6e96\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u898b\u76f4\u3057<\/strong><br>\u8907\u6570\u4e8b\u696d\u3092\u5c55\u958b\u3059\u308b\u4f01\u696d\u306b\u304a\u3044\u3066\u3001\u5404\u4e8b\u696d\u306e\u53ce\u76ca\u6027\u3092\u6a2a\u65ad\u7684\u306b\u6bd4\u8f03\u30fb\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u5177\u4f53\u7684\u306a\u6c42\u3081\u65b9\u3068\u69cb\u6210\u8981\u7d20\u306e\u8a73\u7d30\u89e3\u8aac<\/h2>\n\n\n\n<p>ROIC\u8a08\u7b97\u5f0f\u306e\u57fa\u672c\u5f62\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>ROIC\uff08\uff05\uff09= \u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca\uff08NOPAT\uff09\u00f7 \u6295\u4e0b\u8cc7\u672c \u00d7 100<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u8a08\u7b97\u5f0f\u3092\u6b63\u78ba\u306b\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u3001\u5404\u69cb\u6210\u8981\u7d20\u3092\u8a73\u3057\u304f\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u5206\u5b50\uff1a\u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca\uff08NOPAT\uff09\u306e\u7b97\u51fa\u65b9\u6cd5<\/h3>\n\n\n\n<p>NOPAT\uff08Net Operating Profit After Tax\uff09\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u5229\u76ca\u304b\u3089\u6cd5\u4eba\u7a0e\u3092\u5dee\u3057\u5f15\u3044\u305f\u91d1\u984d\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>NOPAT = \u55b6\u696d\u5229\u76ca \u00d7 \uff081 &#8211; \u5b9f\u52b9\u7a0e\u7387\uff09<\/strong><\/p>\n\n\n\n<p><strong>\u5177\u4f53\u7684\u306a\u8a08\u7b97\u4f8b<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u55b6\u696d\u5229\u76ca\uff1a1\u5104\u5186<\/li>\n\n\n\n<li>\u5b9f\u52b9\u7a0e\u7387\uff1a30\uff05<\/li>\n\n\n\n<li>NOPAT = 1\u5104\u5186 \u00d7 \uff081 &#8211; 0.30\uff09= 7,000\u4e07\u5186<\/li>\n<\/ul>\n\n\n\n<p>NOPAT\u3092\u4f7f\u7528\u3059\u308b\u7406\u7531\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u7d14\u7c8b\u306a\u53ce\u76ca\u529b\u3092\u6e2c\u5b9a\u3059\u308b\u305f\u3081\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u5206\u6bcd\uff1a\u6295\u4e0b\u8cc7\u672c\u306e2\u3064\u306e\u7b97\u51fa\u65b9\u6cd5<\/h3>\n\n\n\n<p>\u6295\u4e0b\u8cc7\u672c\u306e\u8a08\u7b97\u306b\u306f\u3001\u8cc7\u91d1\u8abf\u9054\u5074\u3068\u8cc7\u91d1\u904b\u7528\u5074\u306e2\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u8cc7\u91d1\u8abf\u9054\u5074\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><br>\u6295\u4e0b\u8cc7\u672c = \u6709\u5229\u5b50\u8ca0\u50b5 + \u682a\u4e3b\u8cc7\u672c<\/p>\n\n\n\n<p><strong>\u8cc7\u91d1\u904b\u7528\u5074\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><br>\u6295\u4e0b\u8cc7\u672c = \u904b\u8ee2\u8cc7\u672c + \u56fa\u5b9a\u8cc7\u7523<\/p>\n\n\n\n<p>\u4e00\u822c\u7684\u306b\u306f\u8cc7\u91d1\u8abf\u9054\u5074\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u591a\u304f\u4f7f\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u5b9f\u8df5\u4f8b<\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u4f01\u696d\u30c7\u30fc\u30bf\u3092\u7528\u3044\u3066\u3001\u5b9f\u969b\u306bROIC\u3092\u8a08\u7b97\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p><strong>\u4f01\u696dA\u793e\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u55b6\u696d\u5229\u76ca\uff1a5,000\u4e07\u5186<\/li>\n\n\n\n<li>\u5b9f\u52b9\u7a0e\u7387\uff1a30\uff05<\/li>\n\n\n\n<li>\u6709\u5229\u5b50\u8ca0\u50b5\uff1a2\u5104\u5186<\/li>\n\n\n\n<li>\u682a\u4e3b\u8cc7\u672c\uff1a1\u5104\u5186<\/li>\n<\/ul>\n\n\n\n<p><strong>\u30b9\u30c6\u30c3\u30d71\uff1aNOPAT\u306e\u8a08\u7b97<\/strong><br>NOPAT = 5,000\u4e07\u5186 \u00d7 \uff081 &#8211; 0.30\uff09= 3,500\u4e07\u5186<\/p>\n\n\n\n<p><strong>\u30b9\u30c6\u30c3\u30d72\uff1a\u6295\u4e0b\u8cc7\u672c\u306e\u8a08\u7b97<\/strong><br>\u6295\u4e0b\u8cc7\u672c = 2\u5104\u5186 + 1\u5104\u5186 = 3\u5104\u5186<\/p>\n\n\n\n<p><strong>\u30b9\u30c6\u30c3\u30d73\uff1aROIC\u306e\u8a08\u7b97<\/strong><br>ROIC = 3,500\u4e07\u5186 \u00f7 3\u5104\u5186 \u00d7 100 = 11.7\uff05<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3068ROE\u30fbROA\u306e\u9055\u3044\u3092\u521d\u5fc3\u8005\u5411\u3051\u306b\u6bd4\u8f03\u89e3\u8aac<\/h2>\n\n\n\n<p>\u8ca1\u52d9\u5206\u6790\u306b\u304a\u3044\u3066\u3001ROIC\u4ee5\u5916\u306b\u3082ROE\u3084ROA\u3068\u3044\u3063\u305f\u53ce\u76ca\u6027\u6307\u6a19\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u305d\u308c\u305e\u308c\u306e\u7279\u5fb4\u3068\u9055\u3044\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u9069\u5207\u306a\u7d4c\u55b6\u5224\u65ad\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3068ROE\u8a08\u7b97\u5f0f\u306e\u6839\u672c\u7684\u306a\u9055\u3044<\/h3>\n\n\n\n<p>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u306f\u682a\u4e3b\u306e\u8996\u70b9\u304b\u3089\u53ce\u76ca\u6027\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>ROE\u8a08\u7b97\u5f0f<\/strong><br>ROE\uff08\uff05\uff09= \u5f53\u671f\u7d14\u5229\u76ca \u00f7 \u81ea\u5df1\u8cc7\u672c \u00d7 100<\/p>\n\n\n\n<p><strong>\u4e3b\u306a\u9055\u3044\u306e\u30dd\u30a4\u30f3\u30c8<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>ROIC<\/th><th>ROE<\/th><\/tr><\/thead><tbody><tr><td>\u5206\u5b50<\/td><td>\u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca<\/td><td>\u5f53\u671f\u7d14\u5229\u76ca<\/td><\/tr><tr><td>\u5206\u6bcd<\/td><td>\u6295\u4e0b\u8cc7\u672c\uff08\u6709\u5229\u5b50\u8ca0\u50b5+\u682a\u4e3b\u8cc7\u672c\uff09<\/td><td>\u81ea\u5df1\u8cc7\u672c\u306e\u307f<\/td><\/tr><tr><td>\u8996\u70b9<\/td><td>\u4e8b\u696d\u306e\u53ce\u76ca\u529b<\/td><td>\u682a\u4e3b\u3078\u306e\u9084\u5143\u529b<\/td><\/tr><tr><td>\u64cd\u4f5c\u6027<\/td><td>\u64cd\u4f5c\u56f0\u96e3<\/td><td>\u81ea\u793e\u682a\u8cb7\u3044\u3067\u64cd\u4f5c\u53ef\u80fd<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>ROE\u306f\u81ea\u793e\u682a\u8cb7\u3044\u306b\u3088\u308a\u898b\u304b\u3051\u4e0a\u306e\u6570\u5024\u3092\u6539\u5584\u3067\u304d\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u5224\u65ad\u3059\u308b\u306b\u306fROIC\u306e\u65b9\u304c\u9069\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3068ROA\u8a08\u7b97\u5f0f\u306e\u4f7f\u3044\u5206\u3051\u306e\u30dd\u30a4\u30f3\u30c8<\/h3>\n\n\n\n<p>ROA\uff08\u7dcf\u8cc7\u7523\u5229\u76ca\u7387\uff09\u306f\u4f01\u696d\u306e\u7dcf\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>ROA\u8a08\u7b97\u5f0f<\/strong><br>ROA\uff08\uff05\uff09= \u5f53\u671f\u7d14\u5229\u76ca \u00f7 \u7dcf\u8cc7\u7523 \u00d7 100<\/p>\n\n\n\n<p><strong>ROIC\u3068ROA\u306e\u6bd4\u8f03<\/strong><\/p>\n\n\n\n<p>ROA\u306f\u7dcf\u8cc7\u7523\u3092\u5206\u6bcd\u3068\u3059\u308b\u305f\u3081\u3001\u672c\u696d\u3068\u306f\u76f4\u63a5\u95a2\u4fc2\u306e\u306a\u3044\u8cc7\u7523\uff08\u73fe\u91d1\u30fb\u6709\u4fa1\u8a3c\u5238\u306a\u3069\uff09\u3082\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3001ROIC\u306f\u4e8b\u696d\u306b\u76f4\u63a5\u6295\u4e0b\u3055\u308c\u305f\u8cc7\u672c\u306e\u307f\u3092\u5bfe\u8c61\u3068\u3059\u308b\u305f\u3081\u3001\u3088\u308a\u7d14\u7c8b\u306a\u4e8b\u696d\u53ce\u76ca\u529b\u3092\u6e2c\u5b9a\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u5177\u4f53\u4f8b\u306b\u3088\u308b\u6bd4\u8f03<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f01\u696dB\u793e\uff1a\u73fe\u91d110\u5104\u5186\u3092\u4fdd\u6709<\/li>\n\n\n\n<li>ROA\uff1a\u73fe\u91d1\u4fdd\u6709\u306b\u3088\u308a\u5206\u6bcd\u304c\u5927\u304d\u304f\u306a\u308a\u3001\u898b\u304b\u3051\u4e0a\u4f4e\u4e0b<\/li>\n\n\n\n<li>ROIC\uff1a\u73fe\u91d1\u306f\u6295\u4e0b\u8cc7\u672c\u306b\u542b\u307e\u308c\u306a\u3044\u305f\u3081\u3001\u4e8b\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u53cd\u6620<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e09\u6307\u6a19\u306e\u4f7f\u3044\u5206\u3051\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3<\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8868\u306f\u3001\u5404\u6307\u6a19\u306e\u9069\u7528\u5834\u9762\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6307\u6a19<\/th><th>\u9069\u7528\u5834\u9762<\/th><th>\u91cd\u8996\u3059\u308b\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc<\/th><\/tr><\/thead><tbody><tr><td>ROIC<\/td><td>\u4e8b\u696d\u306e\u53ce\u76ca\u529b\u8a55\u4fa1\u30fb\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5206\u6790<\/td><td>\u7d4c\u55b6\u8005\u30fb\u4e8b\u696d\u90e8\u9577<\/td><\/tr><tr><td>ROE<\/td><td>\u682a\u4e3b\u9084\u5143\u529b\u306e\u8a55\u4fa1\u30fb\u6295\u8cc7\u5224\u65ad<\/td><td>\u682a\u4e3b\u30fb\u6295\u8cc7\u5bb6<\/td><\/tr><tr><td>ROA<\/td><td>\u7dcf\u5408\u7684\u306a\u8cc7\u7523\u52b9\u7387\u6027\u306e\u8a55\u4fa1<\/td><td>\u50b5\u6a29\u8005\u30fb\u91d1\u878d\u6a5f\u95a2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u304b\u3089\u5206\u304b\u308b\u696d\u754c\u5225\u76ee\u5b89\u3068\u8a55\u4fa1\u57fa\u6e96\u306e\u8a73\u7d30<\/h2>\n\n\n\n<p>ROIC\u8a08\u7b97\u5f0f\u3092\u7528\u3044\u3066\u7b97\u51fa\u3055\u308c\u305f\u6570\u5024\u3092\u6b63\u3057\u304f\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u9069\u5207\u306a\u57fa\u6e96\u5024\u3092\u77e5\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306b\u3088\u308b\u696d\u754c\u5225\u5e73\u5747\u5024\u306e\u5b9f\u614b<\/h3>\n\n\n\n<p>\u6700\u65b0\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\u65e5\u672c\u306e\u4e0a\u5834\u4f01\u696d\u5168\u4f53\u306eROIC\u4e2d\u592e\u5024\u306f<strong>5.4\uff05<\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u4e3b\u8981\u696d\u754c\u5225ROIC\u4e2d\u592e\u5024\uff082024\u5e74\uff09<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u696d\u754c<\/th><th>ROIC\u4e2d\u592e\u5024<\/th><th>\u7279\u5fb4<\/th><\/tr><\/thead><tbody><tr><td>\u60c5\u5831\u30fb\u901a\u4fe1\u696d<\/td><td>7.6\uff05<\/td><td>\u9ad8\u53ce\u76ca\u6027\u696d\u754c<\/td><\/tr><tr><td>\u30b5\u30fc\u30d3\u30b9\u696d<\/td><td>6.8\uff05<\/td><td>\u4eba\u7684\u8cc7\u672c\u4e2d\u5fc3<\/td><\/tr><tr><td>\u6a5f\u68b0<\/td><td>6.1\uff05<\/td><td>\u88fd\u9020\u696d\u306e\u4e2d\u3067\u306f\u9ad8\u6c34\u6e96<\/td><\/tr><tr><td>\u5c0f\u58f2\u696d<\/td><td>5.4\uff05<\/td><td>\u5168\u696d\u7a2e\u5e73\u5747\u30ec\u30d9\u30eb<\/td><\/tr><tr><td>\u5316\u5b66<\/td><td>4.8\uff05<\/td><td>\u8a2d\u5099\u6295\u8cc7\u8ca0\u62c5\u5927<\/td><\/tr><tr><td>\u96fb\u6c17\u6a5f\u5668<\/td><td>5.4\uff05<\/td><td>\u6280\u8853\u9769\u65b0\u306e\u5f71\u97ff<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zaimani.com\/wp-content\/uploads\/Return-On-Invested-Capital-Industry-Median-Histogram-20250413.png\" alt=\"\u696d\u754c\u5225ROIC\u6bd4\u8f03\u30b0\u30e9\u30d5\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3067\u7b97\u51fa\u3057\u305f\u5024\u306e\u8a55\u4fa1\u57fa\u6e96<\/h3>\n\n\n\n<p>\u4e00\u822c\u7684\u306b\u3001ROIC \u306e\u8a55\u4fa1\u57fa\u6e96\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u8a55\u4fa1\u30ec\u30d9\u30eb<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>7\uff05\u4ee5\u4e0a<\/strong>\uff1a\u512a\u826f\u4f01\u696d\u30ec\u30d9\u30eb<\/li>\n\n\n\n<li><strong>5-7\uff05<\/strong>\uff1a\u6a19\u6e96\u30ec\u30d9\u30eb<\/li>\n\n\n\n<li><strong>5\uff05\u672a\u6e80<\/strong>\uff1a\u6539\u5584\u8981\u6c42\u30ec\u30d9\u30eb<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e7\uff05\u3068\u3044\u3046\u57fa\u6e96\u306f\u3001\u4f01\u696d\u306e\u8cc7\u672c\u30b3\u30b9\u30c8\uff08WACC\uff1a\u52a0\u91cd\u5e73\u5747\u8cc7\u672c\u30b3\u30b9\u30c8\uff09\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u3068\u3057\u3066\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u7528\u3044\u305f\u4f01\u696d\u8a55\u4fa1\u306e\u6ce8\u610f\u70b9<\/h3>\n\n\n\n<p>ROIC\u306b\u3088\u308b\u4f01\u696d\u8a55\u4fa1\u3067\u306f\u3001\u4ee5\u4e0b\u306e\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>\u696d\u754c\u7279\u6027\u306e\u8003\u616e<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8a2d\u5099\u96c6\u7d04\u578b\u7523\u696d\uff1aROIC\u304c\u4f4e\u304f\u306a\u308a\u304c\u3061<\/li>\n\n\n\n<li>\u77e5\u8b58\u96c6\u7d04\u578b\u7523\u696d\uff1aROIC\u304c\u9ad8\u304f\u306a\u308a\u3084\u3059\u3044<\/li>\n\n\n\n<li>\u30b5\u30fc\u30d3\u30b9\u696d\uff1a\u6295\u4e0b\u8cc7\u672c\u304c\u5c11\u306a\u304f\u3001ROIC\u7b97\u51fa\u306b\u8ab2\u984c<\/li>\n<\/ul>\n\n\n\n<p><strong>\u4f01\u696d\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u306e\u5f71\u97ff<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6210\u9577\u671f\uff1a\u5148\u884c\u6295\u8cc7\u306b\u3088\u308aROIC\u304c\u4e00\u6642\u7684\u306b\u4f4e\u4e0b<\/li>\n\n\n\n<li>\u6210\u719f\u671f\uff1aROIC\u304c\u5b89\u5b9a\u7684\u306b\u63a8\u79fb<\/li>\n\n\n\n<li>\u8870\u9000\u671f\uff1a\u6295\u8cc7\u7e2e\u5c0f\u306b\u3088\u308aROIC\u304c\u5909\u52d5<\/li>\n<\/ul>\n\n\n\n<p><strong>\u8a55\u4fa1\u671f\u9593\u306e\u8a2d\u5b9a<\/strong><br>\u5358\u5e74\u5ea6\u306e\u6570\u5024\u3067\u306f\u306a\u304f\u30013-5\u5e74\u9593\u306e\u5e73\u5747\u5024\u3084\u63a8\u79fb\u3092\u91cd\u8996\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u6d3b\u7528\u3057\u305f\u30d3\u30b8\u30cd\u30b9\u6539\u5584\u306e\u5b9f\u8df5\u65b9\u6cd5<\/h2>\n\n\n\n<p>ROIC\u8a08\u7b97\u5f0f\u304b\u3089\u5f97\u3089\u308c\u305f\u6570\u5024\u3092\u57fa\u306b\u3001\u5177\u4f53\u7684\u306a\u30d3\u30b8\u30cd\u30b9\u6539\u5584\u306b\u3064\u306a\u3052\u308b\u65b9\u6cd5\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306e\u7d50\u679c\u3092\u6539\u5584\u3059\u308b3\u3064\u306e\u6226\u7565<\/h3>\n\n\n\n<p>ROIC\u3092\u5411\u4e0a\u3055\u305b\u308b\u305f\u3081\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u8a08\u7b97\u5f0f\u306e\u69cb\u9020\u304b\u3089\u4ee5\u4e0b\u306e3\u3064\u306b\u5206\u985e\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>1. \u5206\u5b50\uff08\u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca\uff09\u306e\u62e1\u5927<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u4e0a\u9ad8\u306e\u5897\u52a0<\/li>\n\n\n\n<li>\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u6539\u5584<\/li>\n\n\n\n<li>\u8ca9\u7ba1\u8cbb\u306e\u52b9\u7387\u5316<\/li>\n<\/ul>\n\n\n\n<p><strong>2. \u5206\u6bcd\uff08\u6295\u4e0b\u8cc7\u672c\uff09\u306e\u5727\u7e2e<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6709\u5229\u5b50\u8ca0\u50b5\u306e\u524a\u6e1b<\/li>\n\n\n\n<li>\u904b\u8ee2\u8cc7\u672c\u306e\u6700\u9069\u5316<\/li>\n\n\n\n<li>\u56fa\u5b9a\u8cc7\u7523\u306e\u52b9\u7387\u7684\u6d3b\u7528<\/li>\n<\/ul>\n\n\n\n<p><strong>3. \u8cc7\u672c\u52b9\u7387\u306e\u7dcf\u5408\u7684\u6539\u5584<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u898b\u76f4\u3057<\/li>\n\n\n\n<li>\u4f4e\u53ce\u76ca\u4e8b\u696d\u304b\u3089\u306e\u64a4\u9000<\/li>\n\n\n\n<li>\u9ad8\u53ce\u76ca\u4e8b\u696d\u3078\u306e\u96c6\u4e2d\u6295\u8cc7<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306b\u3088\u308bROIC\u30c4\u30ea\u30fc\u5206\u6790\u306e\u6d3b\u7528<\/h3>\n\n\n\n<p>ROIC\u30c4\u30ea\u30fc\u306f\u3001ROIC\u8a08\u7b97\u5f0f\u3092\u7d30\u5206\u5316\u3057\u3066\u6539\u5584\u30dd\u30a4\u30f3\u30c8\u3092\u7279\u5b9a\u3059\u308b\u5206\u6790\u624b\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>ROIC\u30c4\u30ea\u30fc\u306e\u57fa\u672c\u69cb\u9020<\/strong><\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>ROIC = \u58f2\u4e0a\u9ad8\u55b6\u696d\u5229\u76ca\u7387 \u00d7 \u6295\u4e0b\u8cc7\u672c\u56de\u8ee2\u7387\n     = (\u55b6\u696d\u5229\u76ca\/\u58f2\u4e0a\u9ad8) \u00d7 (\u58f2\u4e0a\u9ad8\/\u6295\u4e0b\u8cc7\u672c)<\/code><\/pre>\n\n\n\n<p><strong>\u3055\u3089\u306a\u308b\u5206\u89e3\u4f8b<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u4e0a\u9ad8\u55b6\u696d\u5229\u76ca\u7387 \u2192 \u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3001\u8ca9\u7ba1\u8cbb\u7387<\/li>\n\n\n\n<li>\u6295\u4e0b\u8cc7\u672c\u56de\u8ee2\u7387 \u2192 \u904b\u8ee2\u8cc7\u672c\u56de\u8ee2\u7387\u3001\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u7528\u3044\u305f\u4e8b\u696d\u8a55\u4fa1\u30b7\u30b9\u30c6\u30e0\u306e\u69cb\u7bc9<\/h3>\n\n\n\n<p>\u4f01\u696d\u5185\u3067ROIC\u7d4c\u55b6\u3092\u5b9f\u8df5\u3059\u308b\u305f\u3081\u306e\u5177\u4f53\u7684\u306a\u4ed5\u7d44\u307f\u4f5c\u308a\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>1. \u4e8b\u696d\u5225ROIC\u7ba1\u7406\u4f53\u5236\u306e\u78ba\u7acb<\/strong><br>\u5404\u4e8b\u696d\u90e8\u9580\u3067ROIC\u3092\u5b9a\u671f\u7684\u306b\u7b97\u51fa\u3057\u3001\u76ee\u6a19\u5024\u3068\u306e\u6bd4\u8f03\u3092\u884c\u3046\u4f53\u5236\u3092\u69cb\u7bc9\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>2. ROIC\u5411\u4e0a\u306eKPI\u8a2d\u5b9a<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u4e0a\u9ad8\u6210\u9577\u7387<\/li>\n\n\n\n<li>\u55b6\u696d\u5229\u76ca\u7387<\/li>\n\n\n\n<li>\u904b\u8ee2\u8cc7\u672c\u56de\u8ee2\u65e5\u6570<\/li>\n\n\n\n<li>\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387<\/li>\n<\/ul>\n\n\n\n<p><strong>3. \u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5236\u5ea6\u3068\u306e\u9023\u52d5<\/strong><br>\u7ba1\u7406\u8077\u306e\u8a55\u4fa1\u5236\u5ea6\u306bROIC\u6539\u5584\u5ea6\u3092\u7d44\u307f\u8fbc\u307f\u3001\u7d4c\u55b6\u9663\u3068\u73fe\u5834\u306e\u610f\u8b58\u7d71\u4e00\u3092\u56f3\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u7406\u89e3\u3057\u3066\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u304b\u3059\u5b9f\u8df5\u30ac\u30a4\u30c9<\/h2>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306e\u8996\u70b9\u304b\u3089\u3001ROIC\u8a08\u7b97\u5f0f\u3092\u3069\u306e\u3088\u3046\u306b\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u7528\u3059\u308b\u304b\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u306b\u3088\u308b\u6295\u8cc7\u5148\u4f01\u696d\u306e\u9078\u5225\u65b9\u6cd5<\/h3>\n\n\n\n<p>\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308bROIC\u6d3b\u7528\u306e\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>\u512a\u826f\u6295\u8cc7\u5148\u306e\u6761\u4ef6<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>ROIC > WACC\uff08\u52a0\u91cd\u5e73\u5747\u8cc7\u672c\u30b3\u30b9\u30c8\uff09<\/li>\n\n\n\n<li>ROIC\u306e\u7d99\u7d9a\u7684\u306a\u6539\u5584\u30c8\u30ec\u30f3\u30c9<\/li>\n\n\n\n<li>\u696d\u754c\u5e73\u5747\u3092\u4e0a\u56de\u308bROIC\u6c34\u6e96<\/li>\n<\/ol>\n\n\n\n<p><strong>\u5177\u4f53\u7684\u306a\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u624b\u9806<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u6295\u8cc7\u5019\u88dc\u4f01\u696d\u306eROIC\u3092\u7b97\u51fa<\/li>\n\n\n\n<li>\u540c\u696d\u4ed6\u793e\u3068\u306e\u6bd4\u8f03\u5206\u6790<\/li>\n\n\n\n<li>\u904e\u53bb5\u5e74\u9593\u306eROIC\u63a8\u79fb\u78ba\u8a8d<\/li>\n\n\n\n<li>\u5c06\u6765\u306eROIC\u6539\u5584\u53ef\u80fd\u6027\u8a55\u4fa1<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3068\u682a\u4fa1\u306e\u76f8\u95a2\u95a2\u4fc2<\/h3>\n\n\n\n<p>\u5b9f\u8a3c\u7814\u7a76\u306b\u3088\u308b\u3068\u3001ROIC\u3068\u682a\u4fa1\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u306f\u5f37\u3044\u6b63\u306e\u76f8\u95a2\u304c\u3042\u308b\u3053\u3068\u304c\u78ba\u8a8d\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>ROIC\u3068\u682a\u4fa1\u306e\u95a2\u4fc2\u6027<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9ad8ROIC\u4f01\u696d\uff1a\u682a\u4fa1\u306e\u4e0b\u5024\u62b5\u6297\u529b\u304c\u5f37\u3044<\/li>\n\n\n\n<li>ROIC\u6539\u5584\u4f01\u696d\uff1a\u4e2d\u9577\u671f\u7684\u306a\u682a\u4fa1\u4e0a\u6607\u671f\u5f85<\/li>\n\n\n\n<li>\u4f4eROIC\u4f01\u696d\uff1a\u682a\u4fa1\u306e\u4e0a\u5024\u304c\u91cd\u3044\u50be\u5411<\/li>\n<\/ul>\n\n\n\n<p><strong>\u6295\u8cc7\u6226\u7565\u3078\u306e\u5fdc\u7528<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u30d0\u30ea\u30e5\u30fc\u6295\u8cc7<\/strong>\uff1aROIC\u6539\u5584\u4f59\u5730\u306e\u3042\u308b\u5272\u5b89\u682a\u3092\u9078\u5225<\/li>\n\n\n\n<li><strong>\u30b0\u30ed\u30fc\u30b9\u6295\u8cc7<\/strong>\uff1a\u9ad8ROIC\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u6210\u9577\u3059\u308b\u4f01\u696d\u3092\u9078\u629e<\/li>\n\n\n\n<li><strong>\u9577\u671f\u6295\u8cc7<\/strong>\uff1aROIC\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u3092\u91cd\u8996\u3057\u305f\u9298\u67c4\u9078\u629e<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">ROIC \u8a08\u7b97\u5f0f\u3092\u6d3b\u7528\u3057\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7ba1\u7406<\/h3>\n\n\n\n<p>\u6295\u8cc7\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u7ba1\u7406\u306b\u304a\u3044\u3066\u3001ROIC\u3092\u6d3b\u7528\u3059\u308b\u65b9\u6cd5\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\u306e\u6307\u91dd<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u30b3\u30a2\u30dd\u30b8\u30b7\u30e7\u30f3\uff1a\u5b89\u5b9a\u9ad8ROIC\u4f01\u696d\uff0830-40\uff05\uff09<\/li>\n\n\n\n<li>\u30b0\u30ed\u30fc\u30b9\u30dd\u30b8\u30b7\u30e7\u30f3\uff1aROIC\u6539\u5584\u4f01\u696d\uff0840-50\uff05\uff09<\/li>\n\n\n\n<li>\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u30dd\u30b8\u30b7\u30e7\u30f3\uff1aROIC\u5b89\u5b9a\u4f01\u696d\uff0810-20\uff05\uff09<\/li>\n<\/ul>\n\n\n\n<p><strong>\u5b9a\u671f\u7684\u306a\u898b\u76f4\u3057\u57fa\u6e96<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u56db\u534a\u671f\u3054\u3068\u306eROIC\u5b9f\u7e3e\u78ba\u8a8d<\/li>\n\n\n\n<li>ROIC\u76ee\u6a19\u9054\u6210\u5ea6\u306e\u8a55\u4fa1<\/li>\n\n\n\n<li>\u7af6\u5408\u4ed6\u793e\u3068\u306eROIC\u6bd4\u8f03<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306a\u4f53\u7cfb\u7684\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u306b\u3088\u308a\u3001ROIC\u3092\u8ef8\u3068\u3057\u305f\u52b9\u679c\u7684\u306a\u6295\u8cc7\u904b\u7528\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081\uff1aROIC \u8a08\u7b97\u5f0f\u3092\u30de\u30b9\u30bf\u30fc\u3057\u3066\u30d3\u30b8\u30cd\u30b9\u6210\u529f\u3078<\/h2>\n\n\n\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001ROIC \u8a08\u7b97\u5f0f\u306e\u57fa\u672c\u304b\u3089\u5b9f\u8df5\u7684\u306a\u6d3b\u7528\u65b9\u6cd5\u307e\u3067\u3001\u521d\u5fc3\u8005\u5411\u3051\u306b\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong>ROIC \u8a08\u7b97\u5f0f\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u57fa\u672c\u5f0f\uff1aROIC = \u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca \u00f7 \u6295\u4e0b\u8cc7\u672c \u00d7 100<\/li>\n\n\n\n<li>\u8a55\u4fa1\u57fa\u6e96\uff1a7\uff05\u4ee5\u4e0a\u304c\u512a\u826f\u30ec\u30d9\u30eb\u3001\u5168\u696d\u7a2e\u4e2d\u592e\u5024\u306f5.4\uff05<\/li>\n\n\n\n<li>ROE\u30fbROA\u3068\u306e\u9055\u3044\u3092\u7406\u89e3\u3057\u305f\u9069\u5207\u306a\u6d3b\u7528\u304c\u91cd\u8981<\/li>\n<\/ul>\n\n\n\n<p><strong>\u5b9f\u8df5\u7684\u306a\u6d3b\u7528\u65b9\u6cd5<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e8b\u696d\u8a55\u4fa1\uff1a\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u898b\u76f4\u3057\u306b\u6d3b\u7528<\/li>\n\n\n\n<li>\u7d4c\u55b6\u6539\u5584\uff1aROIC\u30c4\u30ea\u30fc\u5206\u6790\u306b\u3088\u308b\u6539\u5584\u30dd\u30a4\u30f3\u30c8\u306e\u7279\u5b9a<\/li>\n\n\n\n<li>\u6295\u8cc7\u5224\u65ad\uff1a\u512a\u826f\u6295\u8cc7\u5148\u306e\u9078\u5225\u57fa\u6e96\u3068\u3057\u3066\u6d3b\u7528<\/li>\n<\/ul>\n\n\n\n<p>ROIC \u8a08\u7b97\u5f0f\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u7cbe\u5ea6\u306e\u9ad8\u3044\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4eca\u5f8c\u306e\u30d3\u30b8\u30cd\u30b9\u6210\u529f\u306e\u305f\u3081\u306b\u3001\u305c\u3072ROIC 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