The formula for ROA is almost the same as ROE, but it uses total assets in the denominator whereas ROE uses shareholders' equity. Return on invested capital (ROIC) also measures profitability ...

Return on Equity (ROE) measures a company's profitability ... narrower return metrics such as return on capital employed (ROCE) and return on invested capital (ROIC).

The formula looks like this ... How Does ROIC Compare to Other Performance Metrics Like ROE and P/E Ratio? ROIC differs from ROE by considering both equity and debt, whereas ROE focuses solely ...

Baldwin, Carliss Y. "Return on Invested Capital (ROIC)." In The Palgrave Encyclopedia of Strategic Management. Continuously updated edition, edited by Mie Augier and David J. Teece. Palgrave Macmillan ...