Subject: Re: High ROE and ROIC best of....
Walmart is not a bad example.
Using slightly smoothed figures to avoid any single-year anomalies, the increase in annual net profit is about 21.5% of the increase in total shareholders' equity in the last five years.

As mentioned elsewhere, estimating ROIIC is tricky. Don't trust figures you find in databases or web sites, estimate it yourself.

For example, the tech giants plan on spending about half a trillion on LLM-related equipment in the next few years, and you'll have to come up with an estimate of what the return on that capital will be. The figures are so big that the past is perhaps not a good guide to their future ROIIC.

Jim