Calculation - Return Of Capital Employed(ROCE)

Hi, Returns signify operating profit. The figure in the snapshot you have shared is ‘Item no. 3’ i.e. Profit from operations (before all not operating income and expenses). This would be your numerator.

Capital employed includes following:
Shareholder’s equity + All Interest bearing liabilities.

Under non current liabilities LT borrowings should be included. Also, try to find out the nature of Other Long-term liabilities which I think would also be interest bearing loans. But Deferred tax or Provisions should not be included.

Hope it explains.