Truworths International (JSE:TRU) ROCE % : 42.86% (As of Jun. 2024)

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What is Truworths International 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. Truworths International's annualized ROCE % for the quarter that ended in Jun. 2024 was 42.86%.

Truworths International ROCE % Historical Data

The historical data trend for Truworths International'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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Truworths International ROCE % Chart

Truworths International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-1.09

35.09

51.37

48.46

46.49

Truworths International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															42.13	56.87	39.45	49.94	42.86

Truworths International ROCE % Calculation

Truworths International'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 )
	=	5623	/	( ( (16133 - 5242)	+	(18652 - 5352) )	/ 2 )
	=	5623	/	( (10891	+	13300)	/ 2 )
	=	5623	/	12095.5
	=	46.49 %

Truworths International'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 )
	=	5472	/	( ( (17623 - 5389)	+	(18652 - 5352) )	/ 2 )
	=	5472	/	( ( 12234	+	13300 )	/ 2 )
	=	5472	/	12767
	=	42.86 %

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

Truworths International (JSE:TRU) 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.

Truworths International ROCE % Related Terms

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Truworths International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Truworths International Ltd (JSE:TRU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRW:Namibia IUE:Germany

Address

No. 1 Mostert Street, CBD, Cape Town, WC, ZAF, 8001

Website

https://www.truworthsinternational.com

Truworths International Ltd is a clothing and footwear retailer with nearly a thousand stores in Africa and Europe. Its African brands include Truworths, Daniel Hechter, Inwear, Identity, and LTD. Its European brands include Office and Offspring footwear retailers. The company's stores generally sell only proprietary brands, but Office sells global third-party footwear brands. Most of the company's retail locations and sales are in South Africa. Collectively, South Africa and the United Kingdom account for roughly 90% of the company's business. E-commerce sales make up a small portion of total revenue.