Dewhurst PLC has a ROCE of 22

Dewhurst PLC has a ROCE of 22.01% in 2016 meaning, every pound invested in capital employed, the company receives 22.01%.
Dewhurst PLC’s Return on Capital Employed (ROCE) of 22.01% in 2016 was lower than in 2015 23.32% ROCE. This means that the company’s ROCE in 2016 as against 2015 was not doing a better business of deploying its capital. The results have been affected as a result of the 4.67% drop in operating profit.
But when the company’s Return on Capital Employed (ROCE) of 22.01% in 2016 is compared to the industry average return (8%-10%), Dewhurst Plc had a greater yield and a higher ROCE indicates a more efficient use of capital employed.