Average Capital Employed definition

Average Capital Employed means the sum of Net Capital Employed as of December 31, 2006, December 31, 2007 and December 31, 2008, divided by three.

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Average Capital Employed means Beginning Capital Employed plus Ending Capital Employed divided by two.

Average Capital Employed means the five (5) point average of the [prior] fiscal year end and the quarterly fiscal year [current] Capital Employed balances.

Examples of Average Capital Employed in a sentence

Also for this purpose, the Adjusted Net Income for any partial fiscal year shall be annualized and the Average Capital Employed shall be determined based on the average of Capital Employed as of the last day of only those quarters that have been completed, before determining ROCE for that partial fiscal year, and the Average ROCE shall be determined by averaging however many full and partial fiscal years for which an ROCE percentage shall have been determined.
The Performance Goals for this Performance Stock Award are: Return on Average Capital Employed (“ROACE”) and Average Annual Revenue Growth (“Revenue Growth”), with each having a 50% weight.
The Performance Goals for this Performance Stock Award are: Return on Average Capital Employed ("ROACE") and Average Annual Revenue Growth ("Revenue Growth"), with each having a 50% weight.
The “ROCE” for any fiscal year shall be equal to the Company’s Adjusted Net Income for that fiscal year divided by the Company’s Average Capital Employed for that fiscal year.
The Performance Goals for this Performance Stock Award are Return on Average Capital Employed (“ROACE”), Cumulative Revenue and European ROACE (as specified in further detail below), with ROACE having a 50% weight and Cumulative Revenue and European ROACE having an equal 25% weight each.

More Definitions of Average Capital Employed

Average Capital Employed for any fiscal year shall mean the average of five (5) numbers consisting of the Capital Employed as of the last day of the fiscal year and as of the last day of the four preceding fiscal quarters. “Capital Employed” as of any date shall mean the Company’s total assets minus the sum of all of its liabilities other than debt for borrowed money and capital lease obligations, in each case as set forth on the consolidated balance sheet of the Company and its subsidiaries as of the applicable date.

Average Capital Employed means the average (over the Performance Period) of Capital Employed, based on monthly, quarterly, bi-annual or annual balances,

Average Capital Employed means, for any Plan Year, the weighted average monthly operating capital for the year, but without deducting any reserves for asbestos-related claims, as determined by the Company following the close of the Plan Year.

Average Capital Employed means for a given fiscal year during the Performance Measurement Period, the sum of the Company’s average beginning and ending: (i) accounts receivable; plus (ii) inventory; minus (iii) accounts payable; plus (iv) net fixed and intangible assets; plus (v) investments in Affiliates.

Average Capital Employed means, for any fiscal year, the arithmetic mean of the Capital Employed at the opening of business on the first day of the fiscal year and at the close of business on the last day of each fiscal quarter ending within the fiscal year.

Average Capital Employed means the combined values of debt and stockholders’ equity.

Average Capital Employed shall be the average of the beginning and the ending amount of “Capital Employed” during the applicable fiscal year, where “Capital Employed” shall mean the sum of Company total shareholders’ equity plus all long-term debt (including capitalized leases) and short-term debt (including bank debt and the current portions of long-term debt), less the amount of cash and cash equivalents, all as reported on the Financial Statements.