3x in each year through 2022; Portfolio positioned for self-funding, with potential for DCF to fund approximately 90% of distributions and capex cumulatively from 2019 - 2022E in the base organic plan; Return on average capital employed
, ROACE2, of between 13 - 16%; Gathering business represents approximately 76% of cumulative net EBITDA between 2019-2022E; Reaffirming target of 50% Partnership EBITDA contribution from the Permian by the end of 2020.
The company said its new profitability target is connected to capital efficiency and the return on capital employed
(ROCE) exceeding 15% before items affecting comparability.
The terms of the LTI-plan are changing in 2017, to a potential of 30% remuneration for all members of the CMB and payments will hereafter be based partly on achieved return on capital employed
, and partly on return on capital employed
measured against a weighted average of return on capital employed
from comparable companies.
Over the last 3 years, Green capital has been one of the few private capital investments firms that have delivered a high growth rate on capital employed
Given that Mundra constitutes Rs 18,000 crore of the capital employed
( 40 per cent of the overall company's capital employed
) this substantially depresses the return on capital for Tata Power as well as carries the risk of considerable future impairments," he said in the letter.
is investment, together with our expanding divisional structure, has allowed the group to respond to ongoing customer demand, resulting in record half-year earnings and a further signicant improvement in return on capital employed
Bovis chief executive David Ritchie said the housing market is recovering and added: "The group has a clear and robust growth strategy, which has enabled the delivery of an excellent performance in 2013, with strong growth in profit and return on capital employed
Extract from the accounts of Company B Profit and loss extracts [pounds sterling] 000s Company B Sales/revenue 1,556 Net profit 67 Balance Sheet extracts [pounds sterling] 000s Fixed assets 1,380 Stock 241 Due from customers 201 Cash - Due to creditors (301) Net assets 1,521 Shareholders' funds 1,021 Long-term borrowing 500 Capital employed
1,521 Calculations A Net profit/Turnover = 67/1,556 = 4.
The company also expects operating margin to increase by more than seven percent and a return on capital employed
exceeding by 30 percent.
But Greenblatt derives it by dividing the profit before interest and tax (PBIT) by the tangible capital employed
Successful companies were also three times as profitable on average, with average return on capital employed
(ROCE) of 16.
3 percent and improve return on capital employed
(ROCE) from 13.