Alibaba Group Holding Limited (BABA): return on invested capital, 10 filed years
ROIC at Alibaba Group Holding Limited was 10.1% in FY2025, the newest year it could be computed. Across the 6 computed years from FY2017 it ranged from 9.7% (FY2021) to 16.1% (FY2017), with a median of 10.5%.
Tonight's figure on the company page: n/a, recomputed 2026-10-16. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | ROIC | Read from |
|---|---|---|
| FY2017 | 16.1% | 20-F, filed 2017-06-15 |
| FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 20-F, filed 2018-07-27 |
| FY2019 | 10.8% | 20-F, filed 2019-06-05 |
| FY2020 | 14.3% | 20-F, filed 2020-07-09 |
| FY2021 | 9.7% | 20-F, filed 2021-07-27 |
| FY2022 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 20-F, filed 2022-07-26 |
| FY2023 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 20-F, filed 2023-07-21 |
| FY2024 | 9.7% | 20-F, filed 2024-05-23 |
| FY2025 | 10.1% | 20-F, filed 2025-06-26 |
| FY2026 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read. | n/a | 20-F, filed 2026-05-20 |
How each year is computed
Operating income x (1 - effective tax rate) / (equity + total debt - cash) x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.