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Return on capital employed : ウィキペディア英語版
Return on capital employed

Return on capital employed is an accounting ratio used in finance, valuation, and accounting.It is a useful measure for comparing the relative profitability of companies after taking into account the amount of capital used.〔 Fernandes, Nuno. Finance for Executives: A Practical Guide for Managers. NPV Publishing, 2014, Chapter 3.〕
==The formula==
\mbox=\frac}
(Expressed as a %)
It is similar to Return on Assets (ROA), but takes into account sources of financing. Net Operating Profit After Tax (NOPAT) is equal to EBIT
* (1 - tax) -- the return on the capital employed should be measured in after tax terms.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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