Tongaat Hulett (JSE:TON) ROCE % : 76.93% (As of Sep. 2021)

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What is Tongaat Hulett 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. Tongaat Hulett's annualized ROCE % for the quarter that ended in Sep. 2021 was 76.93%.

Tongaat Hulett ROCE % Historical Data

The historical data trend for Tongaat Hulett'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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Tongaat Hulett ROCE % Chart

Tongaat Hulett Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

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17.25

-19.90

43.02

526.84

50.66

Tongaat Hulett Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21
ROCE %	Get a 7-Day Free Trial															-	-	291.66	-41.86	76.93

Tongaat Hulett ROCE % Calculation

Tongaat Hulett's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	1013	/	( ( (18148 - 16927)	+	(13276 - 10498) )	/ 2 )
	=	1013	/	( (1221	+	2778)	/ 2 )
	=	1013	/	1999.5
	=	50.66 %

Tongaat Hulett's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Mar. 2021 )		(Q: Sep. 2021 )
	=	2610	/	( ( (13276 - 10498)	+	(16535 - 12528) )	/ 2 )
	=	2610	/	( ( 2778	+	4007 )	/ 2 )
	=	2610	/	3392.5
	=	76.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2021) EBIT data.

Tongaat Hulett (JSE:TON) 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.

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Tongaat Hulett (JSE:TON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tongaat Hulett Ltd (JSE:TON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amanzimnyama Hill Road, P O Box 3, Tongaat, NL, ZAF, 4400

Website

https://www.tongaat.com

Tongaat Hulett Ltd produces sugar and glucose in Africa. It procures its raw materials both from land it owns and from private farmers. Tongaat sells its products to customers in the foodservice industry and to consumers as branded products. Raw sugar sales make up most of the company's revenue. Its biggest markets are South Africa, Zimbabwe, and Mozambique. The company also earns revenue by converting and developing land that it owns and has used for agricultural purposes. Additionally, the by-products from its manufacturing processes create renewable energy, which the company uses to supply electricity to the grid in some instances.

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