Investor Presentaiton
Non-GAAP measures - ROI (cont.)
The calculation of ROA and ROI, along with a reconciliation of ROI to the calculation of ROA, is as follows:
(Dollars in millions)
Numerator
Operating income
+ Interest income
+ Depreciation and amortization
+ Rent
ROI operating income
CALCULATION OF RETURN ON INVESTMENT
Jul 31,
Oct 31,
Trailing Twelve Months Ending
Jan 31,
Apr 30,
Jul 31,
2022
2022
2023
2023
2023
Denominator
Average total assets'
+ Average accumulated depreciation and amortization
1
- Average accounts payable
- Average accrued liabilities'
Average invested capital
Return on investment (ROI)
$
23,851
$
155
20,754
196
20,428
21,350
21,812
254
323
442
10,733
10,840
10,945
11,110
11,318
2,302
2,296
2,306
2,301
2,284
$
37,041
$ 34,086
$ 33,933
$
35,084
$
35,856
$ 242,876
$ 246,254
102,155
103,898
$ 244,029
106,249
$
245,598
251,160
108,730
110,921
51,896
23,878
57,210
54,502
53,597
55,384
25,959
28,593
24,294
26,541
$ 269,257
$ 266,983
267,183
$
276,437
280,156
13.8 %
12.8 %
12.7 %
12.7 %
12.8 %
The average is based on the addition of the account balance at the end of the current period to the account balance at the end of the prior period and dividing by 2View entire presentation