ROCE
Return on capital employed
How it is worked out
Operating income ÷ (total assets − current liabilities) × 100Capital employed is everything the company owns less what it owes within the year, so it counts the whole asset base rather than only the part funded by investors. Return on capital nets cash out and counts only the funded part; this one does neither, which is why it reads lower for the same company.
How to read it
a wider base than return on invested capital, so it reads lower for the same filer. Not moved by how the balance sheet is funded, which return on equity is
Highest on this measure
| # | Company | ROCE |
|---|---|---|
| 1 | NP Neptune Insurance Holdings Inc. | 416.86% |
| 2 | RMV.L RIGHTMOVE PLC | 328.48% |
| 3 | CASY CASEY'S GENERAL STORES, INC. | 194.10% |
| 4 | GUBRA.CO Gubra A/S | 178.63% |
| 5 | TRST.L TRUSTPILOT GROUP PLC | 159.03% |
| 6 | GPC GENUINE PARTS CO | 145.42% |
| 7 | MANH Manhattan Associates, Inc. | 122.55% |
| 8 | MOON.L MOONPIG GROUP PLC | 117.82% |
Which figures it needs
Computed from 3 figures taken from the filing:
operating_incomeassetscurrent_liabilities
The XBRL tags behind it
These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.
OperatingIncomeLossProfitLossFromOperatingActivitiesAssetsLiabilitiesCurrentCurrentLiabilitiesCurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale
Whether it counts
This measure is not counted by default. It can be added to Quality on the dashboard, and it then takes its share of that dimension.