TPS Eastern Africa (NAI:TPSE) ROCE % : 6.67% (As of Dec. 2022)

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What is TPS Eastern Africa 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. TPS Eastern Africa's annualized ROCE % for the quarter that ended in Dec. 2022 was 6.67%.

TPS Eastern Africa ROCE % Historical Data

The historical data trend for TPS Eastern Africa'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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TPS Eastern Africa ROCE % Chart

TPS Eastern Africa Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.66

3.85

-9.13

-2.63

6.67

TPS Eastern Africa Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial										2.66	3.85	-9.13	-2.63	6.67

TPS Eastern Africa ROCE % Calculation

TPS Eastern Africa's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	999.992	/	( ( (17359.098 - 2521.714)	+	(17707.638 - 2545.545) )	/ 2 )
	=	999.992	/	( (14837.384	+	15162.093)	/ 2 )
	=	999.992	/	14999.7385
	=	6.67 %

TPS Eastern Africa's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	999.992	/	( ( (17359.098 - 2521.714)	+	(17707.638 - 2545.545) )	/ 2 )
	=	999.992	/	( ( 14837.384	+	15162.093 )	/ 2 )
	=	999.992	/	14999.7385
	=	6.67 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

TPS Eastern Africa (NAI:TPSE) 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.

TPS Eastern Africa ROCE % Related Terms

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TPS Eastern Africa (NAI:TPSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TPS Eastern Africa Ltd (NAI:TPSE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

4th Ngong Avenue, P.O. Box 48690, 4th Floor, Williamson House, Nairobi, KEN, 00100

Website

https://www.serenahotels.com

TPS Eastern Africa Ltd is a Kenya based company and along with its subsidiaries own and operates hotel and lodge facilities in Eastern Africa. In terms of the segment, the business has three operating segments that are Kenya Hotels and Lodges, Tanzania Lodges, and Uganda Hotels; out of which Kenya Hotels and Lodges generate maximum revenue for the company. Geographically the company has diversified its business to Uganda, Tanzania, and Kenya. The company is also interested in performing promotion activities for its hotels through its subsidiaries.

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