are ROCE and RONA the same thing?

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Londina
Londina Registered Posts: 814 Epic contributor 🐘
in AAT Level 4 (Level 8 in Scotland)
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:

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  • troy
    troy Registered Posts: 275 Dedicated contributor 🦉
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    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:

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