The Hidden Number Behind Mastercard's and Apple's Incredible Gains

The Hidden Number Behind Mastercard's and Apple's Incredible Gains

Based on earnings results over the past several years, the teams at Apple (NASDAQ: AAPL) and Mastercard (NYSE: MA) have this down to a science. Mastercard is an excellent example of a well-managed business. At the end of fiscal 2020, its ROIC was an incredible 36%.