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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Return on assets
please what are the primary,secondary and tertiary ratios, for return on assets
Primary is Return on capital employed = PBIT / capital employed
Secondary is the subdivision of Roce ie Asset / turnover ( “Revenue / capital employed” and profit percentage ( PBIT / revenue )
I believe that tertiary is something involving management but you’ll have to check that out for yourself – try google
This is what I got from google
What is the tertiary ratio in pyramid ROA?
the ratio concerned with top management