First of all, express different meanings

"roe" means: return on net assets.

"roic" means: the return on invested capital.

Second, the calculation method is different.

ROE: ROE is the percentage of net profit to average shareholders' equity.

Roic:roic is calculated by the ratio of operating profit before interest and tax to invested capital.

Third, the roles are different.

Roe:roe is mainly used to measure the efficiency of a company in using its own capital.

Roic:roic is mainly used to measure the use effect of invested funds and evaluate the historical performance of enterprises or their institutions.

Baidu encyclopedia-return on net assets

Baidu Encyclopedia-Return on Investment