What is "croci"

n. (plural of crocus English)

Cash return on cash invested (or cash return on capital invested) is an advanced valuation multiple. This ratio compares a post-tax, pre-interest operating cash flow to gross cash invested by all security-holders and is a useful measure of a company’s ability to generate cash returns on its investments.

The ratio is similar to ROE ratio, but CROCI is calculated on a cash basis and on an EV-basis, taking into account all the company's security-holders.