Taylor Devices (Taylor Devices) ROCE % : 23.46% (As of Feb. 2024)

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What is Taylor Devices 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. Taylor Devices's annualized ROCE % for the quarter that ended in Feb. 2024 was 23.46%.

Taylor Devices ROCE % Historical Data

The historical data trend for Taylor Devices'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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Taylor Devices ROCE % Chart

Taylor Devices Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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8.59

8.71

-2.10

5.88

14.59

Taylor Devices Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															15.41	16.93	15.05	15.48	23.46

Taylor Devices ROCE % Calculation

Taylor Devices's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	6.809	/	( ( (49.219 - 5.964)	+	(57.881 - 7.788) )	/ 2 )
	=	6.809	/	( (43.255	+	50.093)	/ 2 )
	=	6.809	/	46.674
	=	14.59 %

Taylor Devices's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	11.972	/	( ( (61.435 - 7.207)	+	(54.792 - 6.956) )	/ 2 )
	=	11.972	/	( ( 54.228	+	47.836 )	/ 2 )
	=	11.972	/	51.032
	=	23.46 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

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.

Taylor Devices ROCE % Related Terms

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Taylor Devices (Taylor Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taylor Devices Inc (NAS:TAYD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

90 Taylor Drive, P.O. Box 748, North Tonawanda, North Tonawanda, NY, USA, 14120

Website

https://www.taylordevices.com

Taylor Devices Inc is involved in the design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in various types of machinery, equipment, and structures. The company's product line includes Seismic dampers, Fluidicshoks, Crane and industrial buffers, Self-adjusting shock absorbers, Liquid die springs and Vibration Dampers. In general, its products are used to absorb, control, or mitigate the motion of masses caused by earthquakes or explosions. The company markets its product to various industries such as industrial, steel mills, buildings, bridges, aerospace, defense, and automotive industries.

Executives

Ira Sochet	10 percent owner	24 NORTH PINE CIRCLE, BELLEAIR FL 33756
Timothy John Sopko	director, officer: CHIEF EXECUTIVE OFFICER	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Paul Murray Heary	officer: Chief Financial Officer	TAYLOR DEVICES, INC., 90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Robert Michael Carey	director	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Alan Raymond Klembczyk	director, officer: PRESIDENT	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Fritz Eric Armenat	director	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Randall L Clark	director	475 CAYUGA ROAD, CHEEKTOWAGA NY 14225
Mark V Mcdonough	officer: Chief Financial Officer	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Douglas P Taylor	director, officer: President	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120-0748
John Burgess	director	90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120
Donald B Hofmar	director	TAYLOR DEVICES INC, 90 TAYLOR DRIVE, NORTH TONAWANDA NY 14120-0748
Richard G Hill	director, officer: Vice President	90 TAYLOR DRIVE, PO BOX 748, NORTH TONAWANDA NY 14120-0748
Newman Reginald B Ii	director	PRIOR AVIATION SERVICE INC., 50 NORTH AIRPORT DRIVE, BUFFALO NY 14225
Joseph P Gastel	director, officer: Secretary
Baird Foundation Cameron	10 percent owner	C/O KAYINOKY & COOK, 120 DELAWARE AVE, BUFFALO NY 14202