Tess Agro (COL:TESS.N0000) ROCE % : 0.00% (As of . 20)

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What is Tess Agro 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. Tess Agro's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Tess Agro ROCE % Historical Data

The historical data trend for Tess Agro'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.
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Tess Agro ROCE % Chart

Tess Agro Annual Data

Trend

ROCE %

Tess Agro Quarterly Data

ROCE %

Tess Agro ROCE % Calculation

Tess Agro's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Tess Agro's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Tess Agro (COL:TESS.N0000) 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.

Tess Agro ROCE % Related Terms

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Tess Agro (COL:TESS.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tess Agro PLC (COL:TESS.N0000) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 87 New Nuge Road, Peliyagoda, Kelaniya, LKA

Website

https://www.tess.lk

Tess Agro PLC is a Sri Lanka-based company operating in the agriculture and fisheries industries. Its principal activities deal in fresh fish products, construction and warehouse renting, and export of marine products. The group is also involved in the provision of cold chain facilities for perishables. The company sells fish in Sri Lanka and exports it internationally, of which maximum sales revenue is derived from the exports of fish. It generates revenue from Outside Sri Lanka.

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