A
Return on Capital Employed - ROCE
Return on Capital Employed - ROCE
Image 1 Calculated as:

=
Earnings before interest and tax (EBIT)
(Capital employed + short term borrowings - intangible assets)

Image 2 ROCE should always be higher than the rate that the company borrows at, otherwise any increase in borrowings will reduce shareholders' earnings.


Return on Assets (ROA)

Return on Equity (ROE)

Return on Investment (ROI)