Top 10 Split Trust (TSX:TXT.PR.A.PFD) ROCE % : 13.54% (As of Dec. 2023)

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What is Top 10 Split Trust 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. Top 10 Split Trust's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.54%.

Top 10 Split Trust ROCE % Historical Data

The historical data trend for Top 10 Split Trust'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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Top 10 Split Trust ROCE % Chart

Top 10 Split Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.08

-12.38

27.47

-14.61

12.06

Top 10 Split Trust Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													13.33	-27.70	-0.90	10.02	13.54

Top 10 Split Trust ROCE % Calculation

Top 10 Split Trust'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 )
	=	0.912	/	( ( (8.131 - 0.353)	+	(8.304 - 0.955) )	/ 2 )
	=	0.912	/	( (7.778	+	7.349)	/ 2 )
	=	0.912	/	7.5635
	=	12.06 %

Top 10 Split Trust'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.036	/	( ( (7.993 - 0.042)	+	(8.304 - 0.955) )	/ 2 )
	=	1.036	/	( ( 7.951	+	7.349 )	/ 2 )
	=	1.036	/	7.65
	=	13.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Top 10 Split Trust (TSX:TXT.PR.A.PFD) 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.

Top 10 Split Trust ROCE % Related Terms

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Top 10 Split Trust (TSX:TXT.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Top 10 Split Trust (TSX:TXT.PR.A.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TXT.UN:Canada

Address

121 King Street West, Suite 2600, P.O. Box 113, Toronto, ON, CAN, M5H 3T9

Website

https://www.mulvihill.com

Top 10 Split Trust is a Canada-based closed-end investment trust. The fund invests in a portfolio of securities consisting of common equity securities of Canadian banks and Canadian life insurance companies. Its investment objective is to provide unitholders with the benefit of capital appreciation in the market price of the securities in the fund's portfolio.

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