A measure of how productively an entity's average capital for EVA has been employed It is calculated by dividing NOPAT by average EVA capital
Headline earnings before unrealised hedging activities and before finance costs expressed as a percentage of average capital employed, adjusted for the timing of acquisitions and disposals
(Economics) profit from invested capital (expresses the level of activity and profitability of a company and the degree of advisability for investing in it)