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No, ROCE and ROE are two different financial ratios expressed as a percentage.
ROCE refers to the return on capital employed and provides information on the return that the company achieves on the total capital employed in the company, i.e. with both equity and debt capital. ROCE is calculated by dividing earnings before interest and taxes by total capital, i.e. equity + debt.
ROE refers to the return on equity, which provides information on the income generated by the company with its equity. ROE is calculated by dividing the company's net profit by shareholders funds.
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