Trustco Group Holdings (JSE:TTO) ROCE %: 23.54% (As of Feb. 2024)


JSE:TTO Trustco Group Holdings Ltd JSE:TTO
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What is Trustco Group Holdings ROCE %?

Trustco Group Holdings JSE:TTO 11 ROCE % is 23.54% as of Feb. 2024. GuruFocus rates JSE:TTO 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. Trustco Group Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 23.54%.

Trustco Group Holdings  (JSE:TTO) 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.

Trustco Group Holdings ROCE % Related Terms

Trustco Group Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Trustco Group Holdings'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.

Trustco Group Holdings ROCE % Chart

Trustco Group Holdings Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Aug22 Aug23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.19 15.77 20.00 36.08 -19.95

Trustco Group Holdings Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Mar21 Feb22 Aug22 Feb23 Aug23 Feb24
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 43.79 4.63 -12.76 -28.50 23.54
JSE:TTO
11GF Score
Trustco Group Holdings Ltd JSE:TTO
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Trustco Group Holdings ROCE % Calculation

Trustco Group Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2023 )  (A: Aug. 2022 )(A: Aug. 2023 )
=-444.431/( ( (4334.447 - 1258.388) + (3823.102 - 2443.869) )/ 2 )
=-444.431/( (3076.059+1379.233)/ 2 )
=-444.431/2227.646
=-19.95 %

Trustco Group Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2024 )  (Q: Aug. 2023 )(Q: Feb. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2024 )  (Q: Aug. 2023 )(Q: Feb. 2024 )
=401.486/( ( (3823.102 - 2443.869) + (3888.019 - 1855.623) )/ 2 )
=401.486/( ( 1379.233 + 2032.396 )/ 2 )
=401.486/1705.8145
=23.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) 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 23.54% mean?
Trustco Group Holdings (JSE:TTO) has a ROCE % of 23.54% as of Feb. 2024.
Is Trustco Group Holdings' ROCE % too high?
Trustco Group Holdings' current ROCE % is 23.54%. The Asset Management industry median ROCE % is 4.39. Trustco Group Holdings' value of 23.54% is 436.2% above this industry median. Overall, Trustco Group Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Trustco Group Holdings' ROCE % compare to BLK and BX?
Trustco Group Holdings' ROCE % of 23.54% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.39. Trustco Group Holdings' value of 23.54% is 436.2% 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 an Asset Management company?
The median ROCE % among Asset Management companies is 4.39, based on 707 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. Trustco Group Holdings's current ROCE % of 23.54% is 436.2% 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 Asset Management industry, the median ROCE % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trustco Group Holdings's current ROCE % is 23.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trustco Group Holdings stock overvalued right now?
Trustco Group Holdings (JSE:TTO) has a current ROCE % of 23.54%. The current ROCE % is 23.54% and 436.2% above the Asset Management industry median of 4.39. Trustco Group Holdings' 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 Trustco Group Holdings (JSE:TTO), the current ROCE % is 23.54% as of Feb. 2024. 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.

Trustco Group Holdings Business Description

Address 2 Keller Street, Eros, P.O. Box 11363, Windhoek, NAM
Trustco Group Holdings Ltd engages in the provision of financial services. The company's operating segment includes Financial Services and Resources. The Financial Services portfolio earns income from insurance premiums, property sales, rental income, investment property activities, banking and finance activities, interest, fees, and commissions from customers, and tuition income. The Resources portfolio conducts mining operations in Namibia and Sierra Leone. The company earns maximum revenue through Micro-Finance.
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