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Last edited 4 years ago
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#ROCE from simply wall street
stale
Added 4 years ago

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

Or for Webjet:

0.12 = AU$106m ÷ (AU$1.4b – AU$551m) (Based on the trailing twelve months to December 2019.)

Therefore, Webjet has an ROCE of 12%.