Examples of Average Capital Employed in a sentence
ROACE = Return on Average Capital Employed = EBIT/Average Capital Employed.
Return on Average Capital Employed (ROACE) is calculated as EBIT (after interest on lease liabilities previously classified as operating leases prior to the adoption of AASB 16 on 1 July 2019) divided by the average of total assets (excluding cash and cash equivalents, deferred income tax assets, and right-of-use assets for leases previously classified as operating leases prior to the adoption of AASB 16 on 1 July 2019) less trade and other payables, and provisions over the period.
Return On Average Capital Employed (ROACE) Return on Average Capital Employed for the Group, on an adjusted basis is the return on Group average capital invested, calculated as the ratio between net adjusted profit before minority interests, plus net finance charges on net borrowings, less the related tax effect and net average capital employed.
Key profit and financial indicators Return On Average Capital Employed (ROACE)Return On Average Capital Employed is calculated as the ratio between adjusted net profit (loss) of the year before minority interest, plus net finance charges on net borrowings less the related tax effect and net average capital employed.
Return on Average Capital Employed (ROCE) was 17.7% in FY2020 compared to 18.1% in FY2019.