Formula
![return on average capital employed,ROACE formula,equation,calculator](http://www.wikicalculator.com/en/formula_image/return-on-average-capital-employed-ROACE-43.png)
ROACE | return on average capital employed,ROACE |
EBIT | earnings before interest and taxes,EBIT |
TR | tax rate,TR |
OC | opening capital for the period,OC |
CC | closing capital for the period,CC |
ROACE | return on average capital employed,ROACE |
EBIT | earnings before interest and taxes,EBIT |
TR | tax rate,TR |
OC | opening capital for the period,OC |
CC | closing capital for the period,CC |