2013 Disaggregation Efficiency Financial Leverage 
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Operating efficiency (sales over assets). Financial leverage (assets over equity). Investment efficiency (ideas explored divided by total capital and operational investment). After all, half of the top 20 companies traded on U.S.
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Operating efficiency (sales over assets). Financial leverage (assets over equity). Investment efficiency (ideas explored divided by total capital and operational investment). After all, half of the top 20 companies traded on U.S.
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