Return on capital employed

Industry: 
Abbreviation: 
ROCE
Department: 

Return on capital employed is an accounting ratio used in finance, valuation, and accounting.It is a useful measure for comparing the relative profitability of companies after taking into account the amount of capital used

Expression: 
(Profit (loss) before tax + interest and other financial expenses) / (Balance sheet total - non-interest bearing liabilities (average for period))
Tags: 
Return, Capital