ROIC Formula
Note that the numerator in the ROIC fraction does not subtract interest expense, because denominator includes debt capital.
Read more about this topic: Return On Capital
Famous quotes containing the word formula:
“My formula for greatness in human beings is amor fati: that one wants to change nothing, neither forwards, nor backwards, nor in all eternity. Not merely to endure necessity, still less to hide it—all idealism is mendacity in the face of necessity—but rather to love it.”
—Friedrich Nietzsche (1844–1900)