Historically when pulling ROIC data through Datastream we would use the code WC08376 for Worldscope Fundamentals. We were made aware that Worldscope is not available on the Eikon API.
What is the best Eikon Code to get the standard definition of ROIC as described below:
Return On Invested Capital
(Net Income – Bottom Line + ((Interest Expense on Debt - Interest Capitalized) * (1-Tax Rate))) / Average of Last Year's and Current Year’s (Total Capital + Short Term Debt & Current Portion of Long Term Debt) * 100
We have tested pulling TR.ROICActValue, but the values we get are very different.