Capital Ledger
Earnings before matching interest components and macro state tax adjustments
Aggregate corporate baseline structural asset metrics balance sheet value
Short term commercial obligations due within trailing 12 months
RETURN ON CAPITAL EMPLOYED (ROCE)
Net Capital Employed
Allocation Quality
ROCE Formula: EBIT ÷ Capital Employed (Total Assets - Current Liabilities).
Strategic Value: ROCE shows how many rupees of profit are generated by every rupee of long-term capital invested. A consistent ROCE above **15% to 20%** indicates a high-quality moat business. For structural safety, a company's ROCE should always track higher than its weighted cost of capital (WACC).
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Provide operating earnings and asset-obligation matrices above to audit baseline capital architecture returns.
