return on capital employed

简明释义

资本运用利润率

英英释义

例句

1.The company's return on capital employed is a key indicator of its efficiency in generating profit from its investments.

公司的资本使用回报率是其从投资中产生利润效率的关键指标。

2.In our financial report, we highlighted the return on capital employed to show how well we are managing our assets.

在我们的财务报告中，我们强调了资本使用回报率以展示我们如何管理我们的资产。

3.Investors often look for a high return on capital employed to ensure their money is being used effectively.

投资者通常寻找高资本使用回报率以确保他们的钱被有效使用。

4.The management team set a target to improve the return on capital employed by 5% over the next year.

管理团队设定了目标，在明年内将资本使用回报率提高5%。

5.A declining return on capital employed may indicate that the company is not utilizing its resources efficiently.

下降的资本使用回报率可能表明公司没有有效利用其资源。

作文

In the world of finance and business, understanding key performance metrics is crucial for making informed decisions. One such important metric is return on capital employed, often abbreviated as ROCE. This financial ratio measures a company's profitability in relation to the capital it has employed, providing insights into how effectively a company is utilizing its capital to generate profits. The significance of return on capital employed lies in its ability to evaluate the efficiency of a company's operations and its overall financial health.To calculate return on capital employed, one must first determine the operating profit, which is typically derived from the company's income statement. This figure represents the earnings generated from core business activities before interest and taxes are deducted. Next, the total capital employed is calculated, which includes both equity and debt financing used in the business. The formula can be expressed as:ROCE = (Operating Profit / Capital Employed) x 100This calculation yields a percentage that reflects how much profit a company generates for each unit of capital employed. A higher ROCE indicates more efficient use of capital, suggesting that the company is generating good returns on its investments. Conversely, a lower ROCE may indicate inefficiencies or potential issues within the business.Investors and analysts utilize return on capital employed as a benchmark for comparing companies within the same industry. For instance, if Company A has an ROCE of 15% and Company B has an ROCE of 10%, investors might prefer Company A, assuming all other factors are equal. This comparison helps stakeholders identify which companies are better at converting their capital into profits, thereby guiding investment decisions.Moreover, return on capital employed can also help management assess internal performance and strategic initiatives. By analyzing trends in ROCE over time, a company can determine whether its operational strategies are yielding positive results. If the ROCE is declining, management may need to investigate the underlying causes, such as rising costs, decreased sales, or ineffective asset utilization.In addition to benchmarking and performance assessment, return on capital employed plays a critical role in capital budgeting decisions. When considering new projects or investments, companies often look at their expected ROCE to determine whether the potential returns justify the risks involved. A project with an anticipated ROCE higher than the company's current rate can be deemed a worthwhile investment, while those with lower expected returns may be reconsidered or rejected.In conclusion, return on capital employed is a vital financial metric that provides valuable insights into a company's profitability and efficiency. It serves as a tool for investors to compare companies, for management to evaluate performance, and for decision-makers to assess investment opportunities. Understanding and applying this metric can lead to better financial outcomes and more effective business strategies. As businesses continue to navigate complex markets, the importance of metrics like return on capital employed cannot be overstated, as they guide organizations toward sustainable growth and success.

在金融和商业的世界中，理解关键绩效指标对于做出明智的决策至关重要。其中一个重要的指标是资本回报率，通常缩写为ROCE。这个财务比率衡量公司的盈利能力与其所使用的资本之间的关系，提供了公司如何有效利用资本来产生利润的洞察。资本回报率的重要性在于它能够评估公司运营的效率及其整体财务健康状况。要计算资本回报率，首先必须确定营业利润，这通常来自公司的损益表。这个数字代表从核心业务活动中产生的收益，在扣除利息和税款之前。接下来，计算总资本使用，包括公司用于业务的股权和债务融资。公式可以表示为：ROCE = (营业利润 / 使用资本) x 100这个计算得出的百分比反映了一家公司为每单位使用的资本生成多少利润。较高的ROCE表示资本使用更有效，表明公司在其投资上产生了良好的回报。相反，较低的ROCE可能表明企业内部存在低效或潜在问题。投资者和分析师利用资本回报率作为比较同一行业内公司的一种基准。例如，如果公司A的ROCE为15%，而公司B的ROCE为10%，投资者可能会更倾向于选择公司A，假设其他因素相等。这种比较帮助利益相关者识别哪些公司在将资本转化为利润方面更具优势，从而指导投资决策。此外，资本回报率还可以帮助管理层评估内部绩效和战略举措。通过分析ROCE随时间的趋势，公司可以确定其运营策略是否产生了积极的结果。如果ROCE在下降，管理层可能需要调查潜在原因，例如成本上升、销售减少或资产利用效率低下。除了基准和绩效评估外，资本回报率在资本预算决策中也发挥着关键作用。在考虑新项目或投资时，公司通常会查看其预期的ROCE，以确定潜在回报是否值得承担的风险。一项预计ROCE高于公司当前水平的项目可以被视为值得投资，而那些预期回报较低的项目可能会被重新考虑或拒绝。总之，资本回报率是一个重要的财务指标，提供了对公司盈利能力和效率的宝贵洞察。它作为投资者比较公司的工具，管理层评估绩效的工具，以及决策者评估投资机会的工具。理解和应用这一指标可以带来更好的财务结果和更有效的商业策略。随着企业继续在复杂的市场中航行，像资本回报率这样的指标的重要性不容小觑，因为它们引导组织走向可持续增长和成功。