Name: Return on Capital Employed (ROCE)

Definition: ROCE looks at how effectively the company uses all long-term capital — both debt and equity — to generate profits. It’s a good way to compare companies with different financing structures. Higher ROCE means the company makes good returns on every dollar invested in its business operations.

Interpretation:
• In '2021', A's return on capital employed was 16.0%, indicating returns achieved on invested capital. Industry average for Biotechnology: Laboratory Analytical Instruments in '2021' stood at -4.4%.
• In '2022', A's return on capital employed was 18.3%, indicating returns achieved on invested capital. The increase since '2021' reflects strengthening financial performance. Industry average for Biotechnology: Laboratory Analytical Instruments in '2022' stood at -18.2%. Industry average declined by 13.8% from previous year.
• In '2023', A's return on capital employed was 15.7%, indicating returns achieved on invested capital. The decline from '2022' may indicate some operational or financial challenges. Industry average for Biotechnology: Laboratory Analytical Instruments in '2023' stood at -18.2%. Industry average declined by 0.1% from previous year.
• In '2024', A's return on capital employed was 16.2%, indicating returns achieved on invested capital. The increase since '2023' reflects strengthening financial performance. Industry average for Biotechnology: Laboratory Analytical Instruments in '2024' stood at -47.4%. Industry average declined by 29.1% from previous year.
Overall, A's return on capital employed has remained generally stable over the past 4 years.

Formula: ROCE = EBIT / (Total Assets - Current Liabilities)

Good Range: Often 8%-20%.