{"id":10200,"date":"2023-03-16T12:19:12","date_gmt":"2023-03-16T06:49:12","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10200"},"modified":"2023-03-16T12:20:05","modified_gmt":"2023-03-16T06:50:05","slug":"return-on-capital-employed","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/","title":{"rendered":"Return On Capital Employed &#8211; Meaning, Formula, Relation With ROI And More"},"content":{"rendered":"\n<p>Investors can use various metrics and ratios to analyse the performance and standing of a company. One of the popular metrics is the ROCE ratio.&nbsp;<\/p>\n\n\n\n<p>ROCE (Return on <a href=\"https:\/\/www.tickertape.in\/glossary\/what-is-capital-definition-of-capital-types-and-its-importance\/\">Capital<\/a> Employed) is an important indicator of a company\u2019s performance and profitability. It helps evaluate a company&#8217;s profits from the total capital used. Let\u2019s read about ROCE meaning, its formula and more.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#What-is-ROCE\" title=\"What is ROCE?\u00a0\">What is ROCE?\u00a0<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#Return-on-equity-Highlights\" title=\"Return on equity: Highlights\">Return on equity: Highlights<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#ROCE-formula\" title=\"ROCE formula\">ROCE formula<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#How-useful-is-the-ROCE-as-an-indicator-of-a-companys-performance\" title=\"How useful is the ROCE as an indicator of a company\u2019s performance?&nbsp;\">How useful is the ROCE as an indicator of a company\u2019s performance?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#Is-the-return-on-investment-the-same-as-the-return-on-capital-employed\" title=\"Is the return on investment the same as the return on capital employed?\u00a0\">Is the return on investment the same as the return on capital employed?\u00a0<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#What-is-the-difference-between-capital-employed-and-invested-capital\" title=\"What is the difference between capital employed and invested capital?&nbsp;\">What is the difference between capital employed and invested capital?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#Example-of-return-on-capital-employed-ROCE\" title=\"Example of return on capital employed (ROCE)\">Example of return on capital employed (ROCE)<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/return-on-capital-employed\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-ROCE\"><\/span><strong>What is ROCE?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/thumbs.dreamstime.com\/b\/business-concept-table-documents-wooden-cubes-inscription-roce-258913875.jpg\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Dreamstime<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Return on capital employed is a financial ratio used to assess the company\u2019s efficiency in generating profits as a percentage of the total capital used by the company. This ratio is extensively studied by all stakeholders, including investors, managers, potential investors, etc., to understand the returns that are being generated on capital employed.&nbsp;<\/p>\n\n\n\n<p>ROCE tells the investors and managers how efficiently the company uses its capital. Companies aim to maximise their ROCE as higher profits and returns can be reinvested for future growth and expansion of the business.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-37fca231\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"Return-on-equity-Highlights\"><\/span>Return on equity: Highlights<span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>Return on capital employed is a financial ratio that helps determine a company\u2019s profitability and efficiency in generating profits.<\/li>\n\n\n\n<li>Return on capital can be calculated by dividing the Earnings Before Interest and Taxes (EBIT) by the total capital employed.<\/li>\n\n\n\n<li>Return on capital employed is an important financial metric used by the stakeholders to take significant financial and <a href=\"https:\/\/www.tickertape.in\/glossary\/investment-meaning-types-how-to-invest-and-savings-vs-investments\/\">investment<\/a> decisions for the company.<\/li>\n\n\n\n<li>Return on capital employed differs from return on invested capital because capital employed is comparatively broader in scope.<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"ROCE-formula\"><\/span><strong>ROCE formula<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Return on capital employed can be calculated using the following formulas-&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Return on capital employed<\/strong><strong> = Earnings before interest and tax \/ Capital employed&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Return on capital employed<\/strong><strong> = Earnings before interest and tax \/ ( Total assets \u2013 Total current liabilities )&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Return on capital employed<\/strong><strong> = Earnings before interest and tax \/ ( Shareholder\u2019s equity + long-term debt )&nbsp;<\/strong><\/p>\n\n\n\n<p>Here, EBIT (Earnings Before Interest and Tax) is the operating income from the regular activities of the business. EBIT is calculated by deducting operating expenses and the cost of goods sold from the <a href=\"https:\/\/www.tickertape.in\/glossary\/total-revenue\/\">total revenue<\/a>. It does not include financial earnings, interest payments, taxes, etc.&nbsp;<\/p>\n\n\n\n<p>Additionally, capital employed refers to the amount invested in a business. It is calculated by adding the shareholder\u2019s equity and the long-term debt. It can also be calculated by deducting total non-debt related liabilities from total assets.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How-useful-is-the-ROCE-as-an-indicator-of-a-companys-performance\"><\/span><strong>How useful is the <\/strong><strong>ROCE<\/strong><strong> as an indicator of a company\u2019s performance?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Return on capital employed is an important financial metric for measuring a company\u2019s performance. This is because it determines the earnings generated over the total employed capital, thereby determining how efficiently the company uses the business&#8217;s total capital to generate earnings before interest and tax.&nbsp;<\/p>\n\n\n\n<p>Therefore, the return on capital employed is a good indicator of the company&#8217;s performance and is also considered by investors before taking any investment decisions.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Is-the-return-on-investment-the-same-as-the-return-on-capital-employed\"><\/span><strong>Is the return on investment the same as the return on capital employed?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/cdn.educba.com\/academy\/wp-content\/uploads\/2018\/11\/ROIC-VS-ROCE.jpg\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.educba.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">eduCBA<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>ROI and ROCE are common financial ratios used by investors. They are also used interchangeably by many, but it is important to note that both are different concepts.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s read ROCE vs ROI below \u2013<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Return on investment<\/strong><\/td><td><strong>Return on capital employed<\/strong><\/td><\/tr><tr><td>It is the financial ratio that determines the total profits earned over the total cost of investment.<\/td><td>It is a financial ratio that determines the total earnings before interest and tax over the total capital employed by the business.&nbsp;<\/td><\/tr><tr><td>It determines the efficiency of the money invested in a specific project.&nbsp;<\/td><td>It determines the efficiency of the capital employed by a business.<\/td><\/tr><tr><td>ROI formula= ( Profits from investment \/ Cost of investment ) *100<\/td><td>ROCE ratio formula &nbsp;= ( Earnings before interest and tax \/ Capital employed ) *100<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What-is-the-difference-between-capital-employed-and-invested-capital\"><\/span><strong>What is the difference between capital employed and invested capital?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Invested capital is that part of the total capital employed which is circulating in the business. However, capital employed is the total equity and debt employed in the business. So, invested capital is a part of the capital employed. Therefore, the scope of capital employed is much broader than the scope of invested capital.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Example-of-return-on-capital-employed-ROCE\"><\/span><strong>Example of <\/strong><strong>return on capital employed (ROCE<\/strong><strong>)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Assume Company X has<strong> <\/strong>total assets of Rs. 20 lakh and total liabilities worth Rs. 10 lakh. The current liabilities of the company are worth Rs. 5 lakh. The earnings before interest and tax are Rs. 9 lakh. Then, below is how the ROCE calculation for Company X would be done.&nbsp;<\/p>\n\n\n\n<p>Capital Employed = Total Assets \u2013 Total Current Liabilities&nbsp;<\/p>\n\n\n\n<p>Capital Employed = Rs. 20 lakh \u2013 Rs. 5 lakh&nbsp;<\/p>\n\n\n\n<p>Capital Employed = Rs. 15 lakh<\/p>\n\n\n\n<p>Return on Capital Employed = EBIT \/ Capital Employed&nbsp;<\/p>\n\n\n\n<p>Return on Capital Employed = Rs. 9 lakhs \/ Rs. 15 lakhs<\/p>\n\n\n\n<p><strong>Return on Capital Employed<\/strong><strong> = 60%&nbsp;<\/strong><\/p>\n\n\n\n<p>This means that the company generates Rs. 60 for every Rs. 100 of capital invested in the business.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s take a look at another example. Assume Company Z has EBIT of Rs. 2 cr., shareholdings of Rs. 2 cr. and total liabilities of Rs. 3 cr. Current liabilities stand at Rs. 1 cr. Then the return on capital employed for Company Z is as follows \u2013&nbsp;<\/p>\n\n\n\n<p>Capital employed = Shareholder\u2019s equity + Long-term debt&nbsp;<\/p>\n\n\n\n<p>Capital employed = Shareholder\u2019s equity + (Total liabilities \u2013 Current liabilities)<\/p>\n\n\n\n<p>Capital employed = Rs. 2 cr. + Rs. 3 cr. \u2013 Rs. 1 cr.<\/p>\n\n\n\n<p>Capital employed = Rs. 4 cr.<\/p>\n\n\n\n<p>Return on capital employed = Rs. 2 cr. \/ Rs. 4 cr.<\/p>\n\n\n\n<p><strong>Return on capital employed<\/strong><strong> = 50%&nbsp;<\/strong><\/p>\n\n\n\n<p>This means that the company generates Rs. 50 for every Rs. 100 of capital invested in the business. <strong>&nbsp;<\/strong><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Making decisions for a business is a demanding process. Therefore, the stakeholders need to consider various efficiency as well as profitability metrics before taking decisions. Return on capital employed is one such significant profitability financial metric that must be taken into account. This is because it allows investors to know how efficiently their capital will be utilised in the business. Thus, the return on capital employed is a valuable measure and must be considered while taking decisions in different aspects of the business. <a href=\"https:\/\/www.tickertape.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape<\/a> helps you analyse any asset thoroughly using various valuation ratios and metrics. Learn about how to use the latest <a href=\"https:\/\/www.tickertape.in\/blog\/introducing-scorecard-stock-analysis-got-quicker-and-better-with-quantitative-insights\/\">Scorecard<\/a> to analyse <a href=\"https:\/\/www.tickertape.in\/glossary\/stock\/\">stock<\/a> performance within a minute.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-b912ee4d uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b791d0e0\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is the difference between the <a href=\"https:\/\/www.tickertape.in\/glossary\/return-on-equity\/\">Return on Equity<\/a> (ROE) and the Return on Capital Employed (ROCE)?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Return on equity considers only equity financing in the business. However, the return on capital employed considers both equity and debt financing. Therefore, return on capital employed is a better financial metric when a company wants to assess its overall performance and profitability over a period.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-6e9fa3eb\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is an ideal return on capital employed value?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">There is no industry standard for the return on capital employed value. However, companies must aim at maximising their return on capital employed. This is because a higher return on capital employed shows higher efficiency and the ability to generate higher profits from the total capital employed in the business.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-04016793\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are some limitations of the return on capital employed?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Return on capital employed is not a valid measure when comparing two companies operating in two different sectors. Additionally, the return on capital employed does not give a complete picture of the company&#8217;s performance. Return on capital employed reduces when a company has high cash reserves. Therefore, a low return on capital employed ratio might sometimes give a misleading image of the business.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Return on capital employed is a financial ratio that helps assess a company\u2019s earnings as a percentage of the total capital employed by the company. Read on to know more. <\/p>\n","protected":false},"author":90,"featured_media":10201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[1929],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/6-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Anjali Chourasiya","author_link":"%3Fmolongui_byline=true%26mca="},"uagb_comment_info":0,"uagb_excerpt":"Return on capital employed is a financial ratio that helps assess a company\u2019s earnings as a percentage of the total capital employed by the company. 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