{"component": "definition", "props": {"groups": [{"size": 17, "snippet_links": [{"key": "based-on", "type": "definition", "offset": [32, 40]}, {"key": "net-operating-profit-after-taxes", "type": "definition", "offset": [41, 73]}, {"key": "each-year", "type": "definition", "offset": [127, 136]}, {"key": "during-the-measurement-period", "type": "clause", "offset": [137, 166]}], "snippet": "is an internally adjusted ratio based on Net Operating Profit After Taxes (NOPAT) / (debt + equity - cash) and is averaged for each year during the Measurement Period.", "samples": [{"hash": "8vbLP8A5DqP", "uri": "/contracts/8vbLP8A5DqP#roic", "label": "Performance Restricted Stock Unit Grant Agreement (Genco Shipping & Trading LTD)", "score": 35.3422317505, "published": true}, {"hash": "lO94PhUIESd", "uri": "/contracts/lO94PhUIESd#roic", "label": "Performance Prsu Grant Agreement (Genco Shipping & Trading LTD)", "score": 34.598903656, "published": true}, {"hash": "iICFpEQ1MRH", "uri": "/contracts/iICFpEQ1MRH#roic", "label": "Performance Prsu Grant Agreement (Genco Shipping & Trading LTD)", "score": 34.598903656, "published": true}], "hash": "b1facdcff5ff49f983854a6edbd77e76", "id": 1}, {"size": 13, "snippet_links": [{"key": "return-on-invested-capital", "type": "clause", "offset": [6, 32]}, {"key": "ratio-of", "type": "clause", "offset": [50, 58]}, {"key": "adjusted-net-income", "type": "definition", "offset": [59, 78]}, {"key": "average-invested-capital", "type": "clause", "offset": [82, 106]}, {"key": "the-company", "type": "definition", "offset": [108, 119]}, {"key": "cash-expenses", "type": "definition", "offset": [187, 200]}], "snippet": "means Return on Invested Capital and represents a ratio of Adjusted net income to Average Invested Capital. 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