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Taylor Devices ROCE %

: -6.68% (As of Nov. 2020)
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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Taylor Devices's annualized ROCE % for the quarter that ended in Nov. 2020 was -6.68%.


Taylor Devices ROCE % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Taylor Devices Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.44 9.27 1.95 8.59 8.71

Taylor Devices Quarterly Data
Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20
ROCE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.99 9.83 8.82 1.93 -6.68

Taylor Devices ROCE % Calculation

Taylor Devices's annualized ROCE % for the fiscal year that ended in May. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2020 )  (A: May. 2019 )(A: May. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2020 )  (A: May. 2019 )(A: May. 2020 )
=3.303/( ( (41.197 - 4.878) + (45.076 - 5.538) )/ 2 )
=3.303/( (36.319+39.538)/ 2 )
=3.303/37.9285
=8.71 %

Taylor Devices's ROCE % of for the quarter that ended in Nov. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2020 )  (Q: Aug. 2020 )(Q: Nov. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2020 )  (Q: Aug. 2020 )(Q: Nov. 2020 )
=-2.68/( ( (43.767 - 4) + (42.879 - 2.463) )/ 2 )
=-2.68/( ( 39.767 + 40.416 )/ 2 )
=-2.68/40.0915
=-6.68 %

Note: The EBIT data used here is four times the quarterly (Nov. 2020) EBIT data.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Taylor Devices  (NAS:TAYD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.


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