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


JSE:TON Tongaat Hulett Ltd JSE:TON
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What is Tongaat Hulett ROCE %?

Tongaat Hulett JSE:TON 11 ROCE % is 76.93% as of Sep. 2021. GuruFocus rates JSE:TON with a GF Score™ of 11/100.

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  (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.

Tongaat Hulett ROCE % Related Terms

Tongaat Hulett ROCE % Historical Data

* Premium members only.

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.

Tongaat Hulett ROCE % Chart

Tongaat Hulett Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 291.66 -41.86 76.93
JSE:TON
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Tongaat Hulett Ltd JSE:TON
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 76.93% mean?
Tongaat Hulett (JSE:TON) has a ROCE % of 76.93% as of Sep. 2021.
Is Tongaat Hulett's ROCE % too high?
Tongaat Hulett's current ROCE % is 76.93%. The Consumer Packaged Goods industry median ROCE % is 8.78. Tongaat Hulett's value of 76.93% is 776.7% above this industry median. Overall, Tongaat Hulett has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Tongaat Hulett's ROCE % compare to MDLZ and HSY?
Tongaat Hulett's ROCE % of 76.93% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. Tongaat Hulett's value of 76.93% is 776.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tongaat Hulett's current ROCE % of 76.93% is 776.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongaat Hulett's current ROCE % is 76.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongaat Hulett stock overvalued right now?
Tongaat Hulett (JSE:TON) has a current ROCE % of 76.93%. The current ROCE % is 76.93% and 776.7% above the Consumer Packaged Goods industry median of 8.78. Tongaat Hulett's overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tongaat Hulett (JSE:TON), the current ROCE % is 76.93% as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tongaat Hulett Business Description

Address Amanzimnyama Hill Road, P O Box 3, Tongaat, NL, ZAF, 4400
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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