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| (ROCE). An accounting measure of management performance, calculated as the accounting profits ('return') divided by the total book value of the capital employed to earn the profits.
| | Standard Settlement Instructions. |
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| This measure needs care in its definition and application, because both the 'return' and the 'capital employed' inputs can be defined in different ways.
| | These specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing [[mandate]]. |
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| When ROCE is used in the calculation of Economic Value Added, its inputs are defined as:
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| Return = PBIT x (1 - Tax rate)
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| Capital Employed = Book value of Equity + Book value of Debt.
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| == See also ==
| | (Not to be confused with [[SSC]]s.) |
| * [[Accounting rate of return]]
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| * [[Book value]]
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| * [[Capital employed]]
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| * [[Economic value added]]
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| * [[Profit before interest and tax]]
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| * [[Profitability]]
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| * [[Return on investment]]
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| | [[Category:Control_and_Reporting]] |
Revision as of 22:18, 11 November 2013
Standard Settlement Instructions.
These specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing mandate.
(Not to be confused with SSCs.)
