The profit a company earns each year as a share of all the capital tied up in the business.
已投资资本回报率
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The AI boom's real bill arrives in the depreciation line 已投资资本回报率 · 第 9 张术语卡 | It is the one number that would settle the depreciation debate, and almost no hyperscaler discloses it for AI assets. ROIC 是「这钱花得值不值」的最终裁判。把它和资本成本（WACC）比：高于资本成本才在创造价值。AI 资产的问题不是回报一定低，而是没人把分子（AI 相关利润）与分母（AI 相关投入）单独披露出来。 |