Formula
![return on average capital employed,ROACE formula,equation,calculator](http://www.wikicalculator.com/en/formula_image/return-on-average-capital-employed-ROACE-42.png)
ROACE | return on average capital employed,ROACE |
NOPAT | net operating profit after tax,NOPAT |
OC | opening capital for the period,OC |
CC | closing capital for the period,CC |
ROACE | return on average capital employed,ROACE |
NOPAT | net operating profit after tax,NOPAT |
OC | opening capital for the period,OC |
CC | closing capital for the period,CC |