是指测量一个公司当前从它的资本中得到收益的一种方法。
ROCE . A measure of the returns that a company is realizing from its capital.
在商业完全自由的制度下，各国必然把它的资本和劳动用在最有利于本国的用途上。
Under a system of perfectly free commerce, each country naturally devotes its capital and labor to such employments as are most beneficial to each .
那便是它的资本状况务必尚需雄厚：至少有能力维持放贷、缓解冲击及有足够的信心无需国家担保获得借款。
Its capital position must remain strong: capable of at least maintaining its lending book, absorbing shocks, and commanding enough confidence to allow borrowing without state guarantees.
即使CCS技术的绝大多数流程已经广泛地运用于其他产业，表明其技术改进余地有限，它的资本使用成本仍然与风电相似。
That is roughly the same rate as for wind power, even though most of the processes in CCS are already widely used in other industries, suggesting that the scope for improvement is slender.
投资者需要提高它的资本，但是，同样的情况，和国内大银行一样，如果把资金交给证券市场去集资，它可以按照支配顺序很好地走下去。
The lender needs to top up its capital levels, but with larger Chinese banks in the same situation, it could find itself well down the pecking order if left to raise funds on the stock market.
它消耗掉了原本可以用作投资的大量资本。
It absorbed vast amounts of capital that could have been used for investment.
它利用其工厂收入作为资本扩大和建立了更多的公司。
It used its factory revenues as capital to expand and set up more companies.
但是，它似乎不太可能像曾经的资本输出国英国和美国那样慷慨，至少中期而言是如此。
But it seems unlikely that it will be as generous an exporter of capital as Britain and America have been, at least in the medium term.
其中第一个行动的是北德地方银行，它本周宣布了将混合资本转换为权益的计划。
Among the first out of the gate is NordLB, which announced plans this week to convert hybrid capital into equity.
中国也生产羊毛，而且它的土地、劳动力和资本价格通常更低。
China also produces wool and its land, Labour and capital are often cheaper.
当世行创立之时，它确实是许多贫困国家唯一的资本来源。
When the bank was founded, it really was the only source of capital for many poor countries.
这些资产不需要有多少亏损就足以冲破它微薄的资本缓冲。
It wouldn't need to lose much on these assets to wipe out its thin cushion of capital.
像其他资本一样，性资本对成功至关重要，但是不同于其他资本的是它很大程度上与出生和阶级无关。
Like other sorts of capital, the erotic kind is important for success; but unlike others it is largely independent of birth and class.
自2007年中期以来，摩根·斯坦利已经筹集了大约200亿美元的新资本，并且把它的杠杆比率削减了一半——它的资产总额通过资本进行划分。
Since the middle of 2007, Morgan Stanley has raised about twenty billion dollars in new capital and cut in half its leverage ratio-the total value of its assets divided by its capital.
该条约刺激了设在布鲁塞尔的机构和国民资本间的相互作用，它带来了使命感。
The treaty stimulates interaction between the institutions of Brussels and the national capitals; it brings a sense of purpose.
慢资本只有在它适用这些原则时，才使用。而不是把这建立到公司的管理哲学上，以便使这些资本能够发挥作用。
Slow capital doesn’t apply these principles only when it’s convenient to do so, rather they are built into the operating philosophy of the firm that puts such capital to work.
PPP的最大弱点在于，其平衡只存在于非常久远的长期，而且它完全忽略了资本流动。
The biggest weakness of PPP is that the equilibrium is only a very long-run one, as it completely ignores capital flows.
它计划在它最大的银行上实施这些严格资本标准，这样它们的投行业务将会被迫缩减甚至推出该国。
It plans to impose such strict capital standards on its biggest Banks that their investment-banking arms will be forced to shrink or leave the country.
很多企业家都是这样起家的，因为最佳的“投机”机会往往不需要很多启动资本，但需要对它的一种紧迫的直觉。
Many entrepreneurs get their start this way, as the best "opportunistic" opportunities often do not require much start up capital and often have a sense of urgency about them.
在TARP可能提升信心的同时，它购买资本的时机和范围程度依赖于支付的价格，而这价格尚未明朗。
While the TARP may lift confidence, the timing and extent to which it boosts their capital will depend on the prices paid, which remain unclear.
资本组合的变化带来了奇特的效应，它增加了银行的总资本基础，但是扰乱了那些视普通股为唯一可信赖的抵御损失的防线的股东们。
The curious effect of this changing capital mix has been to bolster Banks' overall capital bases while disturbing shareholders, who see common equity as the only dependable bulwark against losses.
例如，协议的一个影响就是它给予了信用评级公司在决定覆盖特定风险所需的资本金数上一个明确的角色，特别是对决定欠成熟的银行。
One effect of the accord, for example, is to give credit-rating agencies an explicit role, particularly for less sophisticated Banks, in determining how much capital is enough to cover certain risks.
等到它需要撤退的时候，我们再把它从池子里放出去让它走。这将在很大程度上对冲掉资本异常流动对中国宏观经济的冲击。
When it needs to retreat, we release it from the pool, which will to a large extent hedge away its impact on China macro economy.
但实践中，规则提案会把整个资产类别剔除，而各别国家的银行业却依赖这个类别，把它作为它们主要的资本构成。
But in practice, the proposed rules would throw out whole asset classes that individual national banking industries depend on for a major part of their capital.
但实践中，规则提案会把整个资产类别剔除，而各别国家的银行业却依赖这个类别，把它作为它们主要的资本构成。
But in practice, the proposed rules would throw out whole asset classes that individual national banking industries depend on for a major part of their capital.
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