Enter the profit generated by innovation ($) and the cost of innovation ($) into the Return on Innovation Calculator. The calculator will evaluate and display the Return on Innovation. 

Return on Innovation Formula

The following formula is used to calculate the Return on Innovation. 

ROIn = PI / CI * 100
  • Where ROIn is the Return on Innovation (%)
  • PI is the profit generated by innovation ($) 
  • CI is the cost of innovation ($) 

How to Calculate Return on Innovation?

The following example problems outline how to calculate Return on Innovation.

Example Problem #1:

  1. First, determine the profit generated by innovation ($).
    • The profit generated by innovation ($) is given as: 67.
  2. Next, determine the cost of innovation ($).
    • The cost of innovation ($) is provided as: 480.
  3. Finally, calculate the Return on Innovation using the equation above: 

ROIn = PI / CI * 100

The values given above are inserted into the equation below and the solution is calculated:

ROIn = 67 / 480 * 100 = 13.95 (%)

Example Problem #2: 

For this problem, the variables needed are provided below:

profit generated by innovation ($) = 70

cost of innovation ($) = 140

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

ROIn = PI / CI * 100 = ?