Travaux Generaux De Construction De Casablanca (CAS:TGC) ROCE % : 42.79% (As of Jun. 2024)

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What is Travaux Generaux De Construction De Casablanca 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. Travaux Generaux De Construction De Casablanca's annualized ROCE % for the quarter that ended in Jun. 2024 was 42.79%.

Travaux Generaux De Construction De Casablanca ROCE % Historical Data

The historical data trend for Travaux Generaux De Construction De Casablanca'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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Travaux Generaux De Construction De Casablanca ROCE % Chart

Travaux Generaux De Construction De Casablanca Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.70

5.86

28.57

26.40

33.50

Travaux Generaux De Construction De Casablanca Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						21.54	33.36	27.03	42.56	42.79

Travaux Generaux De Construction De Casablanca ROCE % Calculation

Travaux Generaux De Construction De Casablanca'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 )
	=	562.119	/	( ( (5254.064 - 3728.342)	+	(6935.765 - 5105.217) )	/ 2 )
	=	562.119	/	( (1525.722	+	1830.548)	/ 2 )
	=	562.119	/	1678.135
	=	33.50 %

Travaux Generaux De Construction De Casablanca's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	786.244	/	( ( (6935.765 - 5105.217)	+	(8154.237 - 6310.21) )	/ 2 )
	=	786.244	/	( ( 1830.548	+	1844.027 )	/ 2 )
	=	786.244	/	1837.2875
	=	42.79 %

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

Travaux Generaux De Construction De Casablanca (CAS:TGC) 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.

Travaux Generaux De Construction De Casablanca ROCE % Related Terms

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Travaux Generaux De Construction De Casablanca Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Travaux Generaux De Construction De Casablanca SA (CAS:TGC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

4, rue Al Imam Mouslim - Oasis, Casablanca, MAR, 20103

Website

https://www.tgcc.ma

Travaux Generaux De Construction De Casablanca SA specializes in industrial, public and building works. It serves hotel, commercial, industrial, administrative or residential sectors.

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