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ROCE(Return on Capital Employed)_A Ratio analysis ROCE is an important Financial Ratio that is used for measuring the combined effect of Profitability of the Business and the Productivity of the Business.  Profitability is measured in terms of  Return on Sales and Productivity is measured in terms of how well the Assets of the Business are put to use by looking at Assets Turnover. (1)The formula used for calculating Return on sales is PBIT less Tax/Net Sales. (2)The formula for calculating Return on Assets is Net Sales/(Net Fixed Assets+Net Current Assets) (3) the formula for calculating Return on Capital Employed(ROCE) is obtained by Multiplying (1)X(2)-(calculated for each year separately in the example given below) The following is a real example of a trend of ROCE of a Business over the years ,that has three Verticals: Belts, Oilseals and Engineering.The composite business is called Polymer. Now for this Business ,an analysis is done and the ways of how to improve the ROCE...