Tandlianwala Sugar Mills (KAR:TSML) ROCE % : 27.20% (As of Dec. 2023)

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What is Tandlianwala Sugar Mills 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. Tandlianwala Sugar Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.20%.

Tandlianwala Sugar Mills ROCE % Historical Data

The historical data trend for Tandlianwala Sugar Mills'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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Tandlianwala Sugar Mills ROCE % Chart

Tandlianwala Sugar Mills Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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26.81

8.17

17.38

20.78

35.29

Tandlianwala Sugar Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.98	58.22	27.61	29.71	27.20

Tandlianwala Sugar Mills ROCE % Calculation

Tandlianwala Sugar Mills's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	4594.651	/	( ( (31898.487 - 19660.039)	+	(30807.275 - 17008.612) )	/ 2 )
	=	4594.651	/	( (12238.448	+	13798.663)	/ 2 )
	=	4594.651	/	13018.5555
	=	35.29 %

Tandlianwala Sugar Mills's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3814.044	/	( ( (30807.275 - 17008.612)	+	(42546.981 - 28297.317) )	/ 2 )
	=	3814.044	/	( ( 13798.663	+	14249.664 )	/ 2 )
	=	3814.044	/	14024.1635
	=	27.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tandlianwala Sugar Mills (KAR:TSML) 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.

Tandlianwala Sugar Mills ROCE % Related Terms

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Tandlianwala Sugar Mills (KAR:TSML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tandlianwala Sugar Mills Ltd (KAR:TSML) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

66-L, Gulberg-II, Lahore, PB, PAK, 54660

Website

https://www.tsmlgroup.com

Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline Sugar, Ethanol, and Carbon Dioxide.

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