Betekenis van:
return on invested capital

Voorbeeldzinnen

1. Return on capital invested
2. (A — B) RETURN ON CAPITAL INVESTED
3. RE is the required return on capital invested.
4. According to Italy, any private investor would have invested with such guarantees of a return on capital.
5. In this instance, the Commission notes that the return on invested capital ranges, year on year, from 12,5 % in 1992 to 5,1 % in 2000. The various elements of invested capital are detailed in the agreements and the rates of return are determined with reference to market rates so as to reflect a proper return for each element.
6. Given the low return on capital, a normal private operator would not have invested such an amount when it was not necessary.
7. The price formula essentially guarantees the payment for capacity (which implies a predetermined return on invested capital for the plant) and for energy (based on a reflection of costs).
8. The annual subsidy corresponds to the accumulated net loss on the services referred to in the five-year plan, to which must be added a variable amount corresponding to the return on capital invested.
9. The return on the capital invested in the partnership and the junior loans was set at 15 % per annum in cash for the duration of the project (15 years). The shareholders receive an annual dividend.
10. Even if 7 % profitability were to be achieved, the Commission doubted whether such a return on the capital invested was enough to be compatible with the principle of the market‐economy investor.
11. The return on the capital invested in the partnership and the junior loans was set at 15 % per annum in cash for the duration of the project (15 years).
12. The formula used by First Securities is RE = RF + β (RM–RF), RF being Norwegian long bonds, β constituting the individual project risk, RM is the expected return on market portfolio, (RM–RF) is the equity risk premium). RE is the required return on capital invested.
13. December 2002/January 2003 (54) On 4 December 2002, at a meeting of the Company's board, an action plan entitled Ambition FT 2005(‘the Ambition 2005 plan’) was presented by France Télécom's new management, being aimed, according to the French authorities, at bringing about a noticeable improvement in the Company's operational performance and offering the prospect of a satisfactory return on capital invested.
14. The Commission concludes that a private investor, even one operating at the scale of a group in a broader economic context, could not, in the normal circumstances of a market economy and even in the longer term, have expected an acceptable return on the capital invested in the case at hand.
15. Indeed, in the short term (up to 2009) upgrading existing plants or building new, more efficient ones (supposing this would be possible) would have required high investment costs and any bidder would have demanded compensation including at least a reasonable profit by way of return on the invested capital.