© Khunaspix Dreamstime.

The devil in the detail at Switzerland’s Kuehne + Nagel at this critical economic juncture is called “return on capital employed” (ROCE).

ROCE indicates the net operating profit after tax that a business generates out of the capital invested in the operations. As you might imagine, surging ROCE drives up shareholder returns.

Aside from K+N’s calculation of this key financial metric – I do not think it is entirely appropriate to use the “last four quarters Ebit (rolling Ebit) divided by the average of the ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.