The best replacement for roic is roe.

The best alternatives to roic are rated as following:
★★★★★  roe
★★★★  wacc
★★★★  roce
★★★★  roa
★★★  roi
★★★  irr
★★  roc
★★  eva
★  ronic
★  rona
  croci

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Google Trends

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roic
roe
wacc