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Return on Capital Employed

ROCE. A measure of the returns that a company is realizing from ITS capital. Calculated as Profit before Interest and Tax divided by the difference between Total assets and Current liabilities. The resulting Ratio represents the efficiency with which Capital is being utilized to generate revenue.

Related Terms: 13 Asset, Capital, Current liabilities, Cap, Interest, ITS, Profit, Return, Real, Ratio, Rent, Total assets, Tax
Other Related Pages: Category: Technical_Analysis Starting With: R
Additional Related Terms: Active asset, Allowance for depreciation, Alternative assets, Asset, Asset/equity ratio, Available assets, Average accounting return, Adjustable rate, Asset management account, Accrual of discount