Tsogo Sun (JSE:TSG) ROCE % : 19.58% (As of Sep. 2024)

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What is Tsogo Sun 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. Tsogo Sun's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.58%.

Tsogo Sun ROCE % Historical Data

The historical data trend for Tsogo Sun'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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Tsogo Sun ROCE % Chart

Tsogo Sun Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.52

6.96

20.85

23.16

20.48

Tsogo Sun Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															19.92	26.96	22.17	18.35	19.58

Tsogo Sun ROCE % Calculation

Tsogo Sun's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	2987	/	( ( (15990 - 1294)	+	(15773 - 1301) )	/ 2 )
	=	2987	/	( (14696	+	14472)	/ 2 )
	=	2987	/	14584
	=	20.48 %

Tsogo Sun's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	2818	/	( ( (15773 - 1301)	+	(15683 - 1371) )	/ 2 )
	=	2818	/	( ( 14472	+	14312 )	/ 2 )
	=	2818	/	14392
	=	19.58 %

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

Tsogo Sun (JSE:TSG) 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.

Tsogo Sun ROCE % Related Terms

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Tsogo Sun Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tsogo Sun Ltd (JSE:TSG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

G5E:Germany

Address

Montecasino Boulevard, Palazzo Towers East, Fourways, Johannesburg, GT, ZAF, 2055

Website

https://www.tsogosun.com

Tsogo Sun Ltd is engaged principally in the gaming, entertainment, and hospitality industry operating in South Africa. It owns and operates casino and entertainment destinations in South Africa, hotels, Galaxy Bingo sites, VSlots limited payout machines, playTSOGO, Bet.co.za, a Theme Park, theatres, cinemas, restaurants, bars, and conference facilities. The company's operating segments are; Casinos, LPMs, Other gaming and betting, and Corporate. Maximum revenue for the company is derived from its Casinos segment.