Return on Capital Employed 

Return on Capital Employed (RoCE) is a financial ratio that evaluates a company’s profitability and efficiency in using its capital. It is calculated by dividing operating profit (earnings before interest and taxes) by capital employed (total assets minus current liabilities). 

RoCE shows how well a company generates profits from its capital, with higher values indicating more efficient use of resources. This ratio is valuable for investors to assess whether a company is making good use of its available resources to grow its profitability. RoCE is commonly used to compare companies within the same industry.