Tandy Leather Factory (Tandy Leather Factory) ROCE % : 11.85% (As of Dec. 2023)

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What is Tandy Leather Factory ROCE %?

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. Tandy Leather Factory's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.85%.

Tandy Leather Factory ROCE % Historical Data

The historical data trend for Tandy Leather Factory's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tandy Leather Factory ROCE % Chart

Tandy Leather Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.74

-9.60

3.57

2.30

7.18

Tandy Leather Factory Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.16	6.22	5.14	5.45	11.85

Tandy Leather Factory ROCE % Calculation

Tandy Leather Factory's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	4.41	/	( ( (68.579 - 8.87)	+	(72.135 - 8.933) )	/ 2 )
	=	4.41	/	( (59.709	+	63.202)	/ 2 )
	=	4.41	/	61.4555
	=	7.18 %

Tandy Leather Factory's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	7.36	/	( ( (68.675 - 7.64)	+	(72.135 - 8.933) )	/ 2 )
	=	7.36	/	( ( 61.035	+	63.202 )	/ 2 )
	=	7.36	/	62.1185
	=	11.85 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tandy Leather Factory (NAS:TLF) 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.

Tandy Leather Factory ROCE % Related Terms

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Tandy Leather Factory (Tandy Leather Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tandy Leather Factory Inc (NAS:TLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Southeast Loop 820, Fort Worth, TX, USA, 76140

Website

https://www.tandyleather.com

Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. Geographically the company operates within United States, Canada and others and generates the highest revenue from the United States.

Executives

Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Janet A Carr	director, officer: CEO	116 S PORTLAND AVENUE, BROOKLYN NY 11217
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Shannon L Greene	director, officer: CFO/TREASURER	3800 FALCON LAKE DRIVE, ARLINGTON TX 76016
Mark J Angus	officer: SR VICE PRESIDENT	1900 SE LOOP 820, FORTH WORTH TX 76140
James C Pappas	director	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
T Field Lange	director	6300 RIDGLEA PLACE, #500, FORT WORTH TX 76116
Victoria Marie Cantrell	director	2 BERRY LANE, RANDOLPH NJ 07869
Sejal Vinu Patel	director	400 PARK AVENUE, 21ST FL, NEW YORK NY 10022
Beshore Brent Cornell	director	315 N TENTH ST, COLUMBIA MO 65201
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205