bluejazzy

Deferred Taxes and Common Equity are Balance Sheet items. ROCE/ROE is not.

ROCE is a calculated figure for analytical purposes, and there could be differences in how different people calculate it. I guess it is ok, as long as you mention how you have calculated it.

As far as CFA text is considered, to my knowledge, Deferred Taxes were never added to Common Equity for ROE calculations.

Others, please correct if this is not true.