ROCE definition
ROCE means Return On Capital Employed. This is a financial ratio defined as Segment EBIT (without exclusion of gains or losses from sale of assets, impairments or other charges) divided by the average Net Capital Employed for the same period. Net Capital Employed is the sum of shareholders’ equity and net interest bearing debt.
ROCE is equal to the sum of (i) income from continuing operations, before charges and credits, and (ii) the after-tax impact of net interest expense, divided by the sum of (x) the average quarterly equity, including noncontrolling interests, and (y) the average quarterly net debt.
ROCE with respect to a given year means the ROCE achieved by PNC for the given covered period of that year and may be a positive or negative return, as the case may be. “ROCE” for this purpose means the publicly-reported return on average common shareholders’ equity of PNC for the given covered period of the year, as adjusted, on an after-tax basis, for the impact, as applicable to ROCE, of the items set forth in the definition “Earnings, EPS and ROCE Adjustments” as specified in Section 15.21, expressed as a percentage rounded to the nearest one-hundredth, with 0.005% being rounded upward to 0.01%.
Examples of ROCE in a sentence
The applicant’s financial information will be assessed in terms of ROCE, current ratio and return on equity, and the point scale criteria on their financial position given on this basis.
Payments will be made to each Employee in the following years based upon ROCE payment triggers.
ROCE based payments will apply to all regular Employees on the basis of increments of months worked in a calendar year.
ROCE will be based on the previous calendar year from combined Northern Interior and Central Interior Industry information compiled by Pricewaterhouse Coopers.
The Target SELTPP Award shall be adjusted upward or downward (as applicable) based on the achievement of the Adjusted ROCE Goal and the TSR Modifier as provided in Schedule A attached hereto (the “Performance Requirements”).
More Definitions of ROCE
ROCE means Return on Capital Employed, or (i) income from operations (defined as earnings before interest and tax with adjustment for extraordinary items within the discretion of the Board) divided by (ii) capital employed (based on the average of the beginning and ending balances of each calendar year, or a portion of a calendar year). Capital employed equals total assets less accounts payable, income taxes payable, accrued liabilities, and other current liabilities. •
ROCE means return on capital employed, which represents EBIT (Earnings before Interest and Tax) during the relevant year/period as a percentage of capital employed. Capital employed is the total of all types of capital, other equity, total borrowings, total lease liabilities and deferred tax liabilities (net) less deferred tax assets (net) as of the end of the relevant year/period.
ROCE means return on capital employed;
ROCE for this purpose means the publicly-reported return on average common shareholders’ equity of PNC for the given covered period of the year, as adjusted, on an after-tax basis, for the impact, as applicable to ROCE, of the items set forth in the definition “Earnings, EPS and ROCE Adjustments” as specified in Section 15.21, expressed as a percentage rounded to the nearest one-hundredth, with 0.005% being rounded upward to 0.01%.
ROCE means Return on Capital Employed and is a ratio used to measure operating performance and the efficiency of the Company’s capital allocation process. The ratio is calculated by taking EBIT for the 12-month trailing period divided by average capital employed for the trailing four quarters.
ROCE means return on average capital employed and is determined by dividing: (i) net income plus interest and financing expense (tax affected), by (ii) average Capital Employed. “CFROCE” means cash flow return on capital employed and is determined by dividing: (i) adjusted funds flow plus interest and financing expense, plus cash proceeds from dispositions of assets (including debt assumed by purchasers) and less asset retirement obligations settled, by (ii) average Capital Employed. “Capital Employed” equals total assets less current liabilities. The ROCE and CFROCE measures allow management and others to evaluate the Company’s returns by measuring earnings or cash flows relative to the capital employed in the business. The peer group employed for the purposes of the charts set out under “History of Generating Returns” in this presentation consists of ARX, BIR, NVA, TOU and VII. 3 and 5 year averages of ROCE and CFROCE presented are simple averages of annual returns.
ROCE. ’ means Operating Profit before Interest and Tax (Op EBIT) as a proportion of Total Capital Employed.