Cake Box Holdings' ROCE Rises
This is a news story, published by Yahoo Finance (Canada), that relates primarily to Cake Box Holdings news.
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ROCESimply Wall St
•Cake Box Holdings's (LON:CBOX) 25% ROCE shows it is reinvesting in its capital, but its returns are falling
77% Informative
Cake Box Holdings (LON: CBOX ) has a Return On Capital Employed (ROCE) of 25% .
This is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Historically returns on capital were even higher at 46% , but they have dropped over the last five years .
On the other hand, the company has been employing more capital without a corresponding improvement in sales.
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