Tasmea (ASX:TEA) ROCE % : 31.48% (As of Dec. 2024)

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What is Tasmea 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. Tasmea's annualized ROCE % for the quarter that ended in Dec. 2024 was 31.48%.

Tasmea ROCE % Historical Data

The historical data trend for Tasmea'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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Tasmea ROCE % Chart

Tasmea Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

21.20

27.52

31.99

Tasmea Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-	38.34	26.86	31.48

Tasmea ROCE % Calculation

Tasmea's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	46.415	/	( ( (191.771 - 78.155)	+	(290.865 - 114.329) )	/ 2 )
	=	46.415	/	( (113.616	+	176.536)	/ 2 )
	=	46.415	/	145.076
	=	31.99 %

Tasmea's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	71.284	/	( ( (290.865 - 114.329)	+	(389.109 - 112.744) )	/ 2 )
	=	71.284	/	( ( 176.536	+	276.365 )	/ 2 )
	=	71.284	/	226.4505
	=	31.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Tasmea (ASX:TEA) 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.

Tasmea ROCE % Related Terms

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Tasmea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tasmea Ltd (ASX:TEA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Verde Drive, Jandakot, WA, AUS, 6164

Website

https://www.tasmea.com.au

Tasmea Ltd is a skilled services group consisting of seventeen wholly integrated subsidiaries. The company provides essential maintenance, engineering, specialized project services and solutions across the following four service streams to the mining & resources, oil & gas, waste & water, power & renewable energy, and defense & infrastructure industries. Its segment includes Electrical services, Mechanical services, Civil services and Water & fluid services. The company derives maximum revenue from Mechanical services.

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