are ROCE and RONA the same thing?

Londina

there is no trace of Rona in my book, only ROCE, but I see RONA everywhere in the past paper, are those the same?

Net profit/Capital employed ie. Net asset? :scared:

troy

ROCE= operating profit/ Capital employed
Capital employed is Capital (equity) + non-current liabilities

RONA= operating profit/ Net assets

I think i have RONA correct but not totally certain, i'm sure if i am wrong someone on here will let us know?
:huh: