Define ROCE and what it means?

Rate on Capital employed (ROCE) is a ratio that indicates the efficiency and profitability of a company's capital investments and can be calculated as: earning before interest and tax (EBIT) divided by (total assets - current liabilities) ROCE should always be higher than the rate at which the company borrows, otherwise any increase in borrowing will reduce shareholders' earnings.
H.S.Nazim Ali

Return on capital employed (ROCE) which measures the efficiency with which a business uses its resources and shows the profit gained by the business using the available resources.

The rate of  Profit gained on the investment  for particular Project after completion of the Projet may be defined as ROCE ( Return on Capital Employed )

RETURN ON CAPITAL EMPLOYED which means what we are getting returns from our company's capital employed.

rate of capital employed its ratio or index used for account and business growth.

(ROCE) Return on capital employed - is an accounting ratio used in finance, valuation, and accounting which measures  the business gains from its assets and liabilities.

ROCE stands for Return on Capital Employed. It is a simple ratio used in financial accounting which uses data provided in the Balance Sheet to calculate (in crude terms) the percentage of money you get back for the money you put in.

ROCE is a measure of profitability for a company and it can be interpreted as the efficiency at which the capital was used.

It is calculated by using this equation: ROCE = Earnings Before Interest and Tax / Capital Employed.

I hope that helps.