Phunware's Return on Invested Capital (ROIC) is -17.56%, indicating it is not generating sufficient returns to cover its cost of capital.Remark Holdings, Inc. (NASDAQ:MARK) and Exela Technologies, Inc. (NASDAQ:XELA) show positive ROIC, highlighting more effective capital utilization.Phunware's significantly negative ROIC compared to peers suggests a need for strategic improvements in capital efficiency.Phunware, Inc. (NASDAQ:PHUN) is a technology company that provides a fully integrated enterprise cloud pla ...