ROCE Calculator

Calculate Return on Capital Employed to measure how efficiently a company generates profits from its capital investments.

✓ Profitability Analysis ✓ Capital Efficiency ✓ Business Performance

ROCE Calculator

Calculation Method

Earnings

Operating profit before interest and taxes

Use if EBIT not available (optional)

Annual interest payments

Capital Employed

Total company assets

Short-term obligations

For equity + debt method (optional)

ROCE Formula

Return on Capital Employed calculation

Formula:

ROCE = EBIT / Capital Employed
Capital Employed = Total Assets - Current Liabilities
Or: Shareholders' Equity + Long-term Debt

Quick Examples

Manufacturing Company
High capital, moderate ROCE
Service Business
Low capital, high ROCE
Retail Chain
Medium capital, variable ROCE

ROCE Benchmarks

Excellent: 20%+ (High efficiency)
Good: 15-20% (Above average)
Average: 10-15% (Industry standard)
Poor: Below 10% (Needs improvement)

Industry Averages

🏭 Manufacturing: 8-15%
💻 Technology: 15-25%
🏪 Retail: 10-18%
🏦 Banking: 8-12%
âš¡ Utilities: 6-10%
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Understanding ROCE

Return on Capital Employed measures how efficiently a company generates profits from its capital investments, indicating management effectiveness.

  • Capital Efficiency: How well capital is utilized
  • Profitability: Operating profit generation ability
  • Management Performance: Leadership effectiveness
  • Investment Quality: Returns on invested capital

ROCE Applications

Company Comparison

Compare efficiency across similar businesses.

Investment Decisions

Evaluate potential stock investments.

Performance Tracking

Monitor business efficiency over time.

Strategic Planning

Guide capital allocation decisions.