Analyze the ROIC of both firms over the five-year period.

 

Currency EBIT Tax Rate NOPAT Invested capital ROIC EBIT Tax Rate NOPAT Invested capital ROIC Alibaba ROIC 12 months Mar-31-2015 CNY 23,310.0 27.52% 16,894.00 104460.00 16.17% JD ROIC 12 months Mar-31-2015 CNY (5,802.4) -0.33% (5,821.72) 11,063.71 (52.62%) 12 months Mar-31-2016 CNY 29,557.0 28.59% 21,108.00 213640.00 9.88% 12 months Mar-31-2016 CNY (2,607.8) 0.56% (2,593.20) 20,995.84 (12.35%) 12 months Mar-31-2017 CNY 48,912.0 28.16% 35,136.00 303819.00 11.56% 12 months Mar-31-2017 CNY (1,251.7) -13.29% (1,418.09) 74,695.09 (1.90%) 12 months Mar-31-2018 CNY 70,609.0 25.77% 52,410.00 418627.00 12.52% 12 months Mar-31-2018 CNY (835.5) -16.71% (975.09) 55,076.17 (1.77%) 12 months Mar-31-2019 CNY 61,606.0 26.87% 45,053.00 647164.00 6.96% 12 months Mar-31-2019 CNY (2,596.8) -16.44% (3,023.67) 71,156.37 (4.25%)