RETURN ON CAPITAL EMPLOYED Definition

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RETURN ON CAPITAL EMPLOYED (ROCE) is a measure of how effectively the company is using its capital. The formula to measures the return on all the assets the company is using: Profit before interest and tax (PBIT) / (total assets - current liabilities)

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TALLY SHEET is a form for counting, i.e. a form on which quantities are recorded, especially when conditions make counting errors likely.

ORDINARY ASSET is a non-capital asset used for business purposes. See CAPITAL ASSET.

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