Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Operating profit divided by the capital invested in the business.
Recalculate it including capital work in progress. If most of the return disappears, the distortion was doing the work.
Return on capital employed — operating profit as a percentage of debt plus equity.
The honest version of ROE. It cannot be manufactured with leverage.