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', G's return on capital employed was 14.8%, indicating returns achieved on invested capital. Industry average for Professional Services in '2021' stood at 8.1%.
• In '2022', G's return on capital employed was 15.0%, indicating returns achieved on invested capital. The increase since '2021' reflects strengthening financial performance. Industry average for Professional Services in '2022' stood at 7.2%. Industry average declined by 0.9% from previous year.
• In '2023', G's return on capital employed was 19.2%, indicating returns achieved on invested capital. The increase since '2022' reflects strengthening financial performance. Industry average for Professional Services in '2023' stood at 9.8%. Industry average increased by 2.6% compared to previous year.
• In '2024', G's return on capital employed was 18.8%, indicating returns achieved on invested capital. The decline from '2023' may indicate some operational or financial challenges. Industry average for Professional Services in '2024' stood at 7.4%. Industry average declined by 2.3% from previous year.
Overall, G's return on capital employed has steadily improved over the past 4 years.

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

Good Range: Often 8%-20%.