Tetra Tech (Tetra Tech) ROCE %

: 16.45% (As of Dec. 2023)

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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. Tetra Tech's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.45%.

Tetra Tech ROCE % Historical Data

The historical data trend for Tetra Tech'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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Tetra Tech Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

14.01

16.37

16.88

21.09

21.00

Tetra Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																35.89	14.11	14.02	16.86	16.45

Tetra Tech ROCE % Calculation

Tetra Tech's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	453.413	/	( ( (2622.776 - 916.017)	+	(3820.477 - 1208.142) )	/ 2 )
	=	453.413	/	( (1706.759	+	2612.335)	/ 2 )
	=	453.413	/	2159.547
	=	21.00 %

Tetra Tech'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 )
	=	444.324	/	( ( (3820.477 - 1208.142)	+	(3950.823 - 1160.995) )	/ 2 )
	=	444.324	/	( ( 2612.335	+	2789.828 )	/ 2 )
	=	444.324	/	2701.0815
	=	16.45 %

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

Tetra Tech (NAS:TTEK) 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.

Tetra Tech ROCE % Related Terms

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Tetra Tech (Tetra Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tetra Tech Inc (NAS:TTEK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TT6:Germany TT6:Germany

Address

3475 East Foothill Boulevard, Pasadena, CA, USA, 91107

Website

https://www.tetratech.com

Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

Executives

Brian N Carter	officer: SVP, CORPORATE CONTROLLER	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi	director	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack	director, officer: CHAIRMAN AND CEO	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins	officer: President	3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus	officer: SVP, Gov't Svcs. Group	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson	officer: SVP, GENERAL COUNSEL	3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson	director	ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi	director	TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick	officer: EVP, CFO	TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya	director	130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis	director	TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi	director	3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie	officer: SVP, CHIEF ENGINEER	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden	director	3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke	officer: SVP, Enterprise Risk Mgmt.	3475 E FOOTHILL BLVD, PASADENA CA 91107