discuss the characteristics of ROIC and growth. Why is high ROIC sustainable while high growth is not?

ROIC is the amount of money or rate of the return which is earned by the company on its invested capital. Further, ROIC can be used as a benchmark for the companies’ performance and if the ROIC of the company is exceeding the WACC then such firms are having higher market value, and their stocks are generally traded at a premium.
The growth rate is the rate that has been achieved by a firm in the current year or period under review as compared to the previous year. For example, sales revenue has been increased...